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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 […]

Purchasing your first property will probably be the largest financial commitment you will ever have made. However, looking for the right place can often be time-consuming, expensive if you need to take unpaid time off from work and often extremely frustrating. On top of all the emotional turmoil you have to go through you also […]

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 […]

The Conservative leader, David Cameron has urged lenders to help out struggling homeowners who can no longer afford to repay their debts.
It is estimated that roughly 1.4 million are going to see their current cheap fixed rate mortgage deal end in the coming few months leading to sharp rises in mortgage repayments. It is expected […]

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 […]

Merrill Lynch has called on central banks on both sides of the Atlantic to drop interest rates in order to prevent the onset of a global recession brought on by rising oil and food prices.
According to the investment bank US interest rates would have to come down by 2% in the next two years in […]

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 […]