BRITS STRUGGLING TO CONQUER DEBTS

An alarming number of Britons claim they are so financially stretched that they are struggling to maintain payments for housing, food and lifestyle choices, research indicates. According to Moneysavingsupermarket.com, 22% of Brits believe the daily cost of living is so high that they would ‘go under’ if their bills rose any more. 30% said an [...]

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Alarming number of pensioners in debt

More than 20% of people planning to retire in 2011 are still indebted to creditors, owing an average of £30,000 a piece, research has indicated. According to insurers Prudential, a fifth of individuals expecting to start drawing their pension during 2011 admitted they would not be debt-free when they stopped work, with a further 14% [...]

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Tips for managing debts

The on-line price comparison site ‘moneysupermarket.com’ has suggested that many consumers on low incomes and/or following a debt management plan could benefit from paying items such as car insurance by monthly installments. Although the installment option often carries with it a percentage uplift in total costs, the price comparison site states that is possible to [...]

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Mixed financial fortunes for individuals and businesses

It’s not all doom and gloom during the present economic difficulties. The Insolvency Service has released figures which show that the number of people declared bankrupt fell to a near five-year low during the third quarter of this year.

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