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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 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 […]

With so many deals out there today it is often difficult to know exactly what deal is the best one for you. Taking out a personal loan is the most common way of borrowing money and it is usually possible to borrow up to £100,000 for a period of time usually between six months all […]

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 […]

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, […]

One of the UK’s biggest credit reference agencies has said that more and more borrowers are turning toward agencies to act as intermediaries in disputes between customers and lenders.
With the number of rejections for credit soaring, borrowers are turning to credit agencies to solve problems with credit history details.
Borrowers approach credit reference agencies often after […]

Is the humble credit card finally falling from favour amongst shoppers and retailers?  It would seem so, according to news out by the British Retail Consortium (BRC) and the European Retail Round Table (ERRT), a body which represents large retailers.
Since the Office of Fair Trading (OFT) brought in its ruling on ‘unfair charges’ for default […]

Research recently released shows that women are failing to take appropriate steps towards preparing for their retirement.
It has been found that only 41% of women who earn more than £10,000 a year are saving some of their income into a pension. This is in contrast with the 54% of men who earn more than £10,000 […]