Nationwide Building Society has released its Consumer Confidence Index for March 2012. Robert Gardner, Nationwide’s chief economist, said: “Much of the survey-based data has painted a more upbeat picture of the UK economy than official data in recent months – March’s Consumer Confidence index continues that trend. The main Index jumped nine points in March, [...]
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Charity warns on telephone contracts
Debt advice charity the Money Advice Trust is reporting that its National Debtline has seen a sharp rise in calls from people with debts for their phone. In 2007 the debt advice helpline took 5,830 calls from people with telephone debts – representing 3.9 per cent of all calls, but last year that figure had [...]
Motherhood pushes more than a quarter of new mums into the red
Almost three in 10 first time mums (28 per cent) have been forced into the red, racking up an average of almost £2,500 of debt because of maternity leave, according to a new study by uSwitch.com, the independent price comparison and switching service. The financial burden of maternity leave forces one in ten (10 per [...]
Financial stretch leaves Brits lagging decades behind their life plans
The average British adult is up to 19 years behind schedule with their ‘life plan’, research carried out on behalf of Skipton Building Society has revealed. The Society discovered that millions of people have struggled to tick off some or all of the significant milestones such as owning a house, getting married and starting a [...]
Credit card holders to get a different kind of statement
The nation’s 31 million credit cardholders can expect to start seeing a new type of credit card statement land on their doormat for the first time. The new annual statement, which has been developed by The UK Cards Association in partnership with the Department for Business, Innovation and Skills, will help customers see at a [...]
4.5 million Brits always in the red
Four and a half million Brits are permanently overdrawn and over 17 million have gone into the red over the last 12 months according to research from MoneySupermarket.com. The research found over one third of Brits (35 per cent) have used their overdraft in the last twelve months, with those aged 18-34, (49 per cent) [...]
Capital One offers balance transfer service for those with poor credit
Capital One has launched its new ‘Balance Card’ which offers those with a poor credit rating the chance to transfer existing debt to a card offering zero per cent until September. With a fee of just two per cent this new card could give breathing space to those who need it the most, says uSwitch.com. [...]
Big freeze fortnight costs households £1.6 billion
British households will be forking out £1.6 billion extra, collectively, on their energy bills as a result of turning up the heating during the recent “Big Freeze” according to MoneySupermarket.com. The comparison site found over a third (38 per cent) of energy users are concerned about being able to afford their energy bills as a [...]
Halifax launches longest fee-free balance transfer offer
New customers transferring their balance to Clarity will benefit from a 2.9 per cent p.a introductory rate for 16 months, with no balance transfer fee. The typical balance transfer fee charged by major providers currently stands at around 3 per cent. On a balance of £1,500, this equates to £45. Customers transferring a balance of [...]
Eight million Brits missing bill payments
Research from MoneySupermarket.com has found that over one in six (17 per cent or 8 million Brits) missed a payment for at least one bill in the last 12 months, potentially putting their credit profiles at risk, with credit cards coming out on top as the most missed payment. With many consumers expected to apply for [...]
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