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Consumers ‘Need To Be Financially Careful’

With financial conditions set to worsen over 2008, consumers need to take steps to safeguard their finances, an industry expert has warned.According to Angela Knight, chief executive of the British Bankers' Association (BBA), people must be careful with how they manage their money during the next 12 months. She also pointed out that Britons should [...]

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More Loan Lenders Changing Borrowing Products

The availability of cheap secured loans is beginning to fall, it has been suggested.According to Samantha Owens, head of personal finance for Moneyfacts, rates on some 27 personal loans products have been modified over the course of this year - with the majority of these changes shown to be increasing the amount of interest charged. [...]

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People Juggling Credit Card Debts ‘Are In Trouble’

Britons are increasingly looking to borrow money, recently published research shows.In a study carried out by MoneyExpert, it was revealed that more than three-quarters (78 per cent) of people have at least one credit card. Just over a quarter (28 per cent) of adults have one card, with 24 per cent owning two. Meanwhile, three [...]

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Young Britons ‘Warned On Dangers Of Overspending’

Young people could be finding themselves coming under increased financial pressure, new research reveals.A study conducted by youth marketing agency Face found that about half of Britons between the ages of 16 and 25 have run up debts equating to more than 50 per cent of their annual earnings. The findings also indicated that people [...]

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