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Rise Noted In British Insolvencies

The publication of a new set of figures has uncovered an increase in the number of Britons becoming insolvent.Figures from the Insolvency Service have indicated that some 26,956 individuals developed unmanageable debt difficulties during the second quarter of 2007. Although the latest data revealed an 8.1 per cent fall from the first three-month period of [...]

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Welsh Homeowners ‘Could Be Tipped Over Financial Edge’

More homeowners in Wales are on track to find themselves in an untenable position to manage their money, a new investigation has uncovered.According to a new report by BBC Wales, the levels of property repossessions in the principality stand at their highest for eight years and are due to continue to rise. Over the course [...]

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Winter Break Loans ‘Should Be Spent Wisely’

With the clocks going back and the signs of winter undoubtedly setting in, the call of warmer climes is getting increasingly pressing for a number of Brits.According to the latest figures from price comparison site Moneysupermarket, UK holidaymakers undertaking a winter getaway spend significant sums on their sun-seeking breaks - with spending reaching an average [...]

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Consumers ‘Worried’ At Thought Of Base Rate Rises

The prospect of changes to the base rate by the Bank of England's monetary policy committee (MPC) are a source of concern for millions of Britons, the publication of new figures reveal.In research by ICM commissioned by Intelligent Finance, some 41 per cent of consumers feel either "worried" or "extremely worried" in anticipation of the [...]

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Looking For Love Can Issue ‘Shock’ To Financial Situation

The quest for love could be severely impacting upon single Britons' personal financial situation, a new set of figures reveal.According to a study conducted by MoneyExpert, the average singleton spends some 88 pounds every month - 1,058 pounds every year - in the search for a perfect partner. However, men were said to be splashing [...]

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Christmas Loan Sharks ‘Should Be Avoided’

Consumers who have previously used Christmas hamper schemes to pay for their festive food and drink have been warned that loan sharks or doorstep lenders are not a suitable replacement as credit providers and that there are other options available.According to Blackburn with Darwen council's advice service, the Jubilee Tower Credit Union and the Citizens [...]

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Parents ‘Putting More Cash Away For Their Children’

More parents are preparing for their children's financial future, new figures indicate.In research released by engage Mutual Assurance, about a third (32 per cent) of mums and dads claim to be regularly putting money away for their offspring - the highest proportion noted for more than a year. As a result of their parents continually [...]

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