June 2011
Disabled people in debt face `Double Disadvantage`
30 June 2011
The Double Disadvantage report from Citizens Advice shows that disabled people are facing `additional debt difficulties` as some creditors don`t take their specific needs into account. Campaigners say creditors are not always complying with the Equality Act 2010, as reported
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43% of Britons turn to family for financial advice
28 June 2011
43% of people in the UK turn to friends or family when looking for help with financial decisions, rather than seeking professional advice, according to research by insurance group Aviva.
Aviva`s Value of Financial Advice Report, based on a
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Supermarket `price war` sends petrol prices down
27 June 2011
Average petrol prices fell at the weekend, as several supermarkets took advantage of falling oil prices.
Tesco, Sainsbury`s and Asda all cut their prices by up to 3p, according to Thisismoney.co.uk, after the International Energy Agency decided to open
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South East found to be `2010 debt hotspot`
23 June 2011
People in the South East of England had the highest average amount of unsecured debt last year, according to research by the Consumer Credit Counselling Service (CCCS).
According to its map of regional `debt hotspots` for 2010, clients in
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Two thirds worried about cost of heating home
21 June 2011
Almost two thirds (62%) of energy customers in the UK are worried about covering the cost of energy bills following price increases, according to new research from moneysupermarket.com.
A poll of 1,157 moneysupermarket.com users found that nearly a third
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Motorists skipping car service to save cash
20 June 2011
More than 750,000 UK car owners are skipping their annual car service to save money, according to new research from online insurer swiftcover.com.
The research found that almost two thirds (61%) of motorists are actively looking to cut back
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Households `took on more debt in June`
20 June 2011
Savings fell while household debt levels increased in June, compared with the previous month, according to the latest Household Finance Index by Markit.
36% of households questioned for June`s survey reported a worsening in their finances, compared with
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Saving: a tale of interest vs. inflation
15 June 2011
When someone saves for the future, it`s good to see the interest adding up, helping their money grow over time. At the same time, though, inflation is effectively `eating` into their savings, reducing the actual value of their money.
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Millions risk leaving family in financial difficulty
14 June 2011
Over 5 million people in the UK risk leaving their dependants in financial difficulty - and potentially facing debt problems - by failing to update their level of life insurance cover, according to new research by Sainsbury`s Life Insurance.
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32% delay home maintenance to save cash
13 June 2011
Nearly a third of UK homeowners are avoiding home maintenance and decorating projects in order to save money, according to new research from comparison website Gocompare.com.
32% of homeowners surveyed said they are delaying decorating jobs and home maintenance
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8 million people to go overdrawn this month
9 June 2011
8 million people will go into their overdraft this month, with 2 million set to go into one that is unauthorised, according to new research by insolvency professionals R3.
R3`s latest findings show that record numbers of people are
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Debt an issue for one in three pensioners
8 June 2011
Debt isn`t just an issue for younger people, as research by an independent equity release adviser has shown.
Key Retirement Solutions looked at more than 4,400 of its customers who`d applied for an equity release product last year and
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Student debt `expected to rise to £70bn` by 2015-16
7 June 2011
The amount of outstanding student loan debt is expected to rise to £70bn - up from the current £24bn - by 2015-16, according to a report by the Public Accounts Committee (PAC).
Government plans to raise tuition fees at
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CML predict house repossessions `will hit 45,000 in 2012`
6 June 2011
Next year will see an increase in the number of houses repossessed due to unpaid debt, according to the latest forecast by the CML (Council of Mortgage Lenders).
According to the CML`s latest property market predictions, house repossessions will
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Slight fall in average household debt in June
6 June 2011
The average household debt at the start of June was £55,854, including mortgage debt, according to Credit Action - a fall of £16 on debt levels at the start of May.
Average household debt excluding mortgages stood at £8,121,
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Charges for not paying by Direct Debit top list of `little rip-offs`
6 June 2011
Being charged extra on bills for not paying by Direct Debit has topped a poll of Britain`s most hated `little rip-offs`.
17% of respondents to the poll by MSN Money said this was a source of frustration, followed
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Families `moved £60bn of mortgage debt to interest-only deals`
1 June 2011
Around 300,000 households have switched more than £60bn of mortgage debt to interest-only deals in the last three years, according to new statistics from the Financial Services Authority (FSA).
With the average UK mortgage standing at £109,000, and average
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