Archived News & Related Stories
| All News | Archived News|
December, 2009 news
Indebted graduates struggle to find work
According to figures obtained by the Liberal Democrats, unemployment in the recession is rising fastest among 18-24-year-olds who have degrees, the Guardian reports.
... >>
Many mortgage holders `£200 a month better off`
According to the Bank of England, a quarter of UK homeowners are at least £200 a month better off than this time a year ago, the Telegraph reports.
... >>
Three in four parents risk debt to entertain kids at Christmas
According to research by the internet bank Egg, three in four parents admit they spend more than they can afford - risking getting into debt - to keep their children entertained over the festive period, headlinemoney.co.uk reports.
... >>
Families at risk of `winter debt`
Research by children`s charity Save the Children has suggested that families will fall into debt this winter to afford things like clothing, food and bills, the BBC reports.
... >>
Families use `biggest savings ever` to repay debt
According to figures from the Office for National Statistics (ONS), families are setting aside the `biggest amount of savings ever` in an attempt to reduce their debt, the Telegraph reports.
... >>
Credit card debts: confusion over repayment order
According to research by Nationwide Building Society, almost two thirds (63%) of credit card users still don`t understand the order in which their credit card debts are repaid, headlinemoney.co.uk reports.
... >>
UK citizens failing to save and risking debt
UK households are not focusing on long-term savings, according to official statistics, potentially putting them at risk of debt in later life.
... >>
Electricity price cap could help customers avoid debt
Energy regulator Ofgem is considering setting a price cap on electricity bills `to stop consumers being exploited` and to ensure that energy companies invest the £200bn required for Britain`s transition to a low-carbon economy, according to the Guardian.
... >>
Three in four parents risk debt to entertain kids at Christmas
According to research by the internet bank Egg, three in four parents admit they spend more than they can afford - risking getting into debt - to keep their children entertained over the festive period, headlinemoney.co.uk reports.
... >>
Energy bills could exceed £4,000 a year
According to new research by Uswitch.com, household energy bills could rise by almost £550 a year in order to fund a range of investments including `renewable energy sources and the roll-out of smart meters`, The Times reports. By 2020, annual bills could reach £4,733.
... >>
Debt: quarter of low-income students unaware of financial help
A quarter of students from low-income families are unaware of the financial help available to help them through university, according to a new study.
... >>
Brits repay twice as much debt as predicted in October
According to data from the Bank of England, British consumers cleared the highest amount of unsecured debt on record in October, reducing their debt by twice the expected rate, forbes.com reports.
... >>
Rise in mortgage debt
According to figures from the BBA (Britsh Bankers` Association), gross mortgage lending (i.e. the amount of mortgage debt taken on) in October was `slightly higher` than in the previous month.
... >>
Bad debts from credit cards increase
The banking system could be facing a `credit card crisis` as figures from the Bank of England showed that the amount of bad credit card debt banks have actually written off has doubled, the Telegraph reports.
... >>
Speak to an expert today
Call freephone: 0800 161 3516
Registered in England and Wales