Archived News & Related Stories

Best way to budget? Cash beats plastic
When money’s tight, people often find that using cash helps them keep a close eye on their household budget – and in today’s economic climate, budgeting skills are more important than ever. On April 21, new figures from the British Retail Consortium (BRC) revealed that cash is now used for 60% of all transactions, up from 54% one year ago. ... >>

Survey finds mortgage holidays aren`t being taken
Homeowners and professional landlords who are hard pressed financially could be entitled to a break in their monthly mortgage repayments, according to a new study.... >>

Protecting yourself against a recession
It is a good time to batten down the hatches, pay off debt, make savings and prepare for the worst if you`re of a nervous disposition.... >>

Online card fraud `worse than feared`
Credit card and debit card fraud through online stores is affecting UK consumers far more than first thought, a new investigation has uncovered.... >>

Banking on debt problems: what if my bank goes bust?
The expression ‘money in the bank’ has always referred to cash that’s 100% secure. But it seems banks might not be quite as safe as we thought – like individuals, they can have their own problems with debt. Although the government stepped in to save Northern Rock, the nation was still shocked by the reminder that it is possible for banks to collapse. ... >>

Bank`s £50bn mortgage injection welcomed
The Bank of England`s decision to inject £50 billion into the UK mortgage market has been welcomed by the Chancellor of the Exchequer and a number of major industry bodies.... >>

`Wise` credit card users `may avoid crunch fall-out`
Credit card users who have been "managing their money properly" may not be hit as badly as others by the effects of the global credit crunch, one industry expert has claimed.... >>

Debt problems - debt, taxes & the Budget
On a low income, dealing with debt problems is never easy - but for some people, this year`s Budget may have made it even harder. Although the Basic rate of income tax dropped from 22% to 20%, the Starting rate disappeared. ... >>

Bank of England cuts interest rates to 5 percent
The Bank of England`s monetary policy committee (MPC) has decided to cut interest rates by 0.25 per cent to five per cent amid growing unrest in the financial markets.... >>

Rogue debt management services warned by OFT
A number of rogue debt collection companies have been censured by the Office of Fair Trading (OFT) for using illegal techniques.... >>

Retiring in debt: spare time but no spare cash
For some, retirement is a long-awaited opportunity to sit back and enjoy the things they’ve spent their whole lives working for. For others, it’s an unwelcome change: why should they retire when they feel they could go on working for years? ... >>

Interest rate hope lies ahead?
Another cut in interest rates may be around the corner, which could be welcome news to those with debt problems.... >>

A third `pay for everything on credit cards`
Nearly a third of UK consumers use their credit cards for everyday spending, preferring them over debit cards and cash, new research has revealed.... >>

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