Financial education charity, the ifs School of Finance, is continuing to lobby the government over its hopes to introduce exam-grade education on personal finance to the national curriculum.
“There are lots of other different financial education programmes being offered in schools, workplaces and online but, as FSA research highlighted last month, there is little or no […]
ifs continues bid to introduce Personal Finance to school curriculums
Tuesday, August 5th, 2008Bad Debt Write-Offs Hit High Street Lenders
Friday, August 1st, 2008New figures out from the leading high street banks show a gloomy picture of low profits and high numbers of bad debts.
Uswitch.com, the price comparison website, claims that close analysis of figures released by banking giant, Barclays, shows a shocking £2.795 billion in write-offs from bad debt from unpaid overdrafts, personal loans and credit cards.
“With […]
Defrauded bank customers being made to suffer more
Tuesday, April 8th, 2008It has been reported that consumers as well as small businesses are being made to suffer for weeks from a critical shortage of cash before their banks are agreeing to reimburse them for fraud.
Banks have been accused of dragging their heels when it comes to refunding customers who have had their money fraudulently taken from […]
Using Plastic Instead of Cash
Wednesday, February 27th, 2008According to research by Apac, Britons have spent more using debit cards than cash last year, with cheques becoming almost obsolete as plastic gains ground. With the updated technology and convenience that plastic cards offer many people are now turning to debit cards instead of cash.
One can argue why cards are better than cash. For […]
Rip-off charges
Thursday, January 10th, 2008There has been a lot of controversy in recent months over the amount banks are charging us for going over our credit card limits. A test case is in the high court at the moment and the outcome of that case will be the deciding factor, with regards to whether or not the fees are […]
HSBC – the good deals and the not so good deals
Thursday, January 3rd, 2008According to a new survey published by the Daily Mail, HSBC has some of the best offers on the market when it comes to certain financial products. However, when you look at some of the other products used in the comparison, they are the worst on the market. It is pretty much the same story […]
Escaping Debt
Thursday, October 11th, 2007The summer sales have just ended and once again we all indulged just a little but too much on another great ‘bargain’ when we knew we really couldn’t afford it. The bad weather this year forced you to take a holiday you hadn’t budgeted for and suddenly the credit card bills are starting to flow […]
Interest Rates Hit Hard
Wednesday, August 29th, 2007The latest interest rate hike to 5.75 per cent will have a disastrous effect on millions of UK borrowers. It will push people closer to insolvency, according to Debt Advisers Direct.
2007 may go down as the worst year ever for Britain’s debt crisis.
“Consumers still reeling from the May increase who are already stretched to the […]
Using Credit Cards Abroad
Tuesday, July 24th, 2007A survey done by Which? found that almost ninety percent of 1,6000 people use credit cards or debit cards overseas, compared to just twenty percent who use traveller’s cheques. Over half of those who use their cards abroad use their card to withdraw cash. While this can be a very convenient and safe way to […]
Jump Start for Students
Monday, July 16th, 2007Many students ruin their wealth building opportunities and wealth building strategies within a year of leaving university. One of the first mistakes is that they stay loyal to the financial institution that issued their student loan, according to new reports by Moneyfacts.co.uk.
They offer several tips for recent graduates that include:
“Make a list of exactly how […]