April 2011
One fifth to take on debt for home improvements
28 April 2011
One fifth (19%) of homeowners are planning to take on debt in the near future to cover the cost of home improvements, research by moneysupermarket.com has revealed.
And a fifth (21%) of homeowners have taken on debt in the
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Scottish debt: insolvencies falling
27 April 2011
Whatever news we`re hearing about the economy, at least one figure seems to be heading in the right direction - the number of Scottish residents who are entering insolvency to tackle their problem debts.
During the first three months
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Monthly costs for homeowners `14% more affordable than renting`
26 April 2011
Average monthly housing costs are around £100 (14%) higher for people renting a property than for homeowners, according to Halifax.
Average monthly costs for homeowners stood at £608 in March, compared with £706 for renters (based on a typical
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Personal debt `a concerning factor` for over a third of Britons
21 April 2011
According to swiftcover.com`s first quarterly Life Index - which rates the country`s feelings `across all aspects of life` - financial pressure and personal debt is `a concerning factor` for over a third of Britons.
A quarter of Britons said
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Taking on less debt - February figures
20 April 2011
The Bank of England isn`t the only organisation which publishes figures about debt and lending. The Finance & Leasing Association (FLA) also tells us a lot about the amount of consumer credit being granted.
Last year, members of the
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Bankruptcy fee set to rise
19 April 2011
The fee for a bankruptcy petition will increase from 1st June, The Insolvency Service has announced.
An individual filing for their own bankruptcy will pay £525 - up from £450 - while a creditor attempting to make a borrower
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Switching to LPG could cut fuel costs
18 April 2011
Converting your car from petrol to LPG (liquid petroleum gas) could cut fuel bills by 33%-40%, according to The Guardian.
With petrol prices on the rise - petrolprices.com currently lists the average cost of a litre of unleaded
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One in 10 pensioners carrying `significant amounts` of debt
15 April 2011
A study by charity Age UK has revealed that one in 10 pensioners claim they are carrying `significant amounts` of debt, the Guardian reports.
The charity estimates that 1.8 million over-60s are living in poverty and many more are
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Men `carrying more debt than women`
14 April 2011
New research by moneysupermarket.com indicates that the average amount of personal debt - excluding mortgage debt - UK individuals are carrying is £8,431.
On average, men owe 24% more than women - £9,403 compared with £7,593. And men allow
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Inflation on the way down?
13 April 2011
Inflation fell to 4% in March, down from 4.4% in February.
It means things are still getting more expensive - but not quite as quickly as they were. In today`s economic climate, any good news is welcome, although one
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1 in 5 `don`t know how rate rise would affect mortgage payments`
12 April 2011
More than one in five homeowners (22%) don`t know how their mortgage payments would be affected when the base rate increases, according to financial advice website unbiased.co.uk.
With many economists expecting a base rate rise in the coming
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Sentance: base rate could reach 2% next year
11 April 2011
Bank of England Monetary Policy Committee (MPC) member Andrew Sentance says that the base rate could reach "somewhere around about 2%" in 2012.
Speaking to Sky News, he also hinted that he voted for a 0.5 percentage point rise
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UK national debt works out at £138,360 per household
8 April 2011
Britain`s national debt is equivalent to £138,360 for every household in the country, it has been revealed.
The Daily Mail reports that the national debt is `even larger than initially feared`, according to the Centre for Policy Studies (CPS).
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Debt and job concerns `may be fuelling` rise in depression
7 April 2011
It`s been suggested that personal debts and concerns about jobs `may be fuelling` a rise in depression in England, as data obtained by the BBC reveals prescriptions for anti-depressant drugs have increased by more than 40% over the past four
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`Coping classes` focus on debt
6 April 2011
The `coping classes`, worried about how they`d cope with a lengthy period of unemployment, are focused on debt.
So says a report by Friends Life, a `leading provider of life insurance, investments and pensions`. It explains that the coping
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Homeowners increased equity by £7 billion in final quarter of 2010
5 April 2011
Homeowners injected £7 billion more equity into their homes than they withdrew in the final three months of 2010 - the largest net injection of equity since records began in 1970.
The Bank of England said Housing Equity
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More people expected to default on mortgage debt
1 April 2011
In its latest Credit Conditions Survey, The Bank of England said it expects more people to default on their mortgage debts over the next three months, The Telegraph reports.
It suggested that lenders were `concerned about "the potential impact
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