Archived News & Related Stories

Credit score ‘is king’
Consumers need to pay more attention than ever to their credit rating / credit score, an article in The Independent has stressed. ... >>

Petition urges Government to bail out mortgage debts
A financial services firm has launched a petition calling for the Government to help pay off personal mortgage debt, rather than pumping billions of pounds into banks. ... >>

Fighting debt with debit cards
The total value of credit card transactions this year is expected to drop 1.1% from 2007 levels, says market analyst Datamonitor. ... >>

‘Sandwich generation’ spends £1.5 billion per year supporting relatives
Britain’s ‘sandwich generation’ is spending £1.5 billion every year supporting adult relatives, reports Unbiased.co.uk. ... >>

Food sales fall for first time in at least 22 years
Food sales fell for the first time since at least 1986, according to the Office for National Statistics (ONS), as shoppers continued to tighten their belts in what may already be a recession.... >>

Tips offered to consumers facing debt
Consumers who may be entering into debt problems have been issued some tips by an expert.... >>

Britons cancel insurance & pension contributions to save money
42% of Britons have cancelled insurance policies or pension contributions in a bid to save money, according to a new report from uSwitch. ... >>

Debenhams’ profits down
Debenhams has reported a 16% fall in profits, due to deteriorating trading conditions. ... >>

King: economy entering recession
Britain’s economy is almost certainly entering recession, according to Bank of England Governor Mervyn King. ... >>

Consumers` personal finances `stretched by relatives`
A significant number of consumers in the UK provide financial support to their adult children or elderly relatives, potentially meaning their personal finances are overstretched. ... >>

Petrol below £1 per litre
Yesterday saw the price of petrol drop below £1 per litre in some supermarket forecourts. ... >>

Brown tells energy suppliers to reduce price
The Prime Minister has challenged petrol and energy suppliers to reduce the cost to ordinary consumers. ... >>

Women `may suffer from lack of retirement funds`
Despite the fact that women have a greater life expectancy than men, they are currently contributing 50 per cent less to their pension funds than their male counterparts, new research suggests.... >>

5.2% inflation ‘possible peak’
Official figures today revealed that consumer inflation hit 5.2% in September – a figure which some analysts believe may mark a peak. ... >>

Debt management can help borrowers cope with period of unemployment
Unemployment figures are rising, according to the UK Statistics Authority. ... >>

Scots `taking action to clear debts`
Consumers in Scotland are increasingly taking action to cut their level of debt, it has been found.... >>

Fall in credit card minimum repayments ‘could cost more’
Changes to the minimum repayments credit card customers are expected to pay could end up costing them more in the long run, and potentially result in long-standing debts, the Mail Online has warned.... >>

Food prices down in September
Consumers facing financial worries due to rising costs of living were offered some relief in September, as the price of food fell.... >>

British economy ‘under immense pressure’
The UK is already in a worsening recession, according to the British Chambers of Commerce (BCC).... >>

Take advantage of rate cut, consumers told
Consumers have been advised by an expert to take advantage of yesterday`s emergency interest rate cut.... >>

UK electricity price ‘over four times higher than France’
British energy companies have to pay over four times more for their electricity than competitors in France, The Times reports.... >>

Credit card repayments "fairer", bank says
Changes recently implemented by HBOS concerning minimum monthly credit card repayments have made the system "much fairer", the bank has said.... >>

House building at lowest level since 1957
The building industry is on track to have its worst year since 1957, the Telegraph reports.... >>

Rising household bills `leaving people vulnerable to debt`
As the cost of living continues to rise in the UK, increasing numbers of consumers are left facing the risk of debt, new figures suggest.... >>

Marks & Spencer chairman: rate cut may boost consumer confidence
Against a background of declining sales, Marks & Spencer executive chairman Sir Stuart Rose expressed a belief that a cut in interest rates might help restore consumer confidence, reports the Financial Times.... >>

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