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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 […]

New 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 […]

The citizens advice is warning that UK homeowners are “doomed to fail from the start” if they are sub-prime mortgage borrowers – i.e. those with a history of bad debt, repayments or a troubled financial past.
There are a variety of factors that, when combined, are making it more and more difficult for sub-prime borrowers in […]

1.4m borrowers are going to come off cheap two year fixed rate deals in the coming few months. If you were to believe everything you read these days then you couldn’t be blamed for thinking things are going to get a lot worse in 2008.
While this picture is partially true it only paints a half […]

Many lenders are now warning homeowners that in the wake of the credit crunch home loan costs are going to be much higher as lenders pass on the much higher cost of borrowing. Homeowners who have poor credit histories could find that the cost of mortgages for them could go up by even more.
Whilst there […]

Many store card providers have put up the cost of borrowing on their cards, despite the fact that watchdogs are criticising them over high charges and that they are already charging some of the highest rates in the industry.
Many consumer lobby groups are now taking the opportunity in the midst of the credit crunch to […]

Economists are doubtful that the Bank of England will cut the base rate in July after leaving it standing at 5% when the committee met earlier this month.
Reuters news agency took a poll of what economists were predicting would happen with interest rates and the majority are expecting rates to be held following the next […]

If you are having trouble meeting your monthly loan repayments and you are looking to switch lenders then there are a few tips you should follow in order to avoid being caught out.
First of all there are some lenders you should be very wary of. For instance some lenders give loans to anyone, regardless of […]

Banks are desperately trying to weed out bad debts and as a result some borrowers are facing the prospect of having to repay their debts early and suffer pre-emptive cuts in their borrowing.
It has become increasingly apparent in recent months that banks have become extremely wary of bad debt and in response to this fear, […]

It 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 […]