Millions of Brits are worried about the cost of Christmas this year, with half revealing they plan to borrow money just to cover expense, a new study has found.   While most will budget just £449 for the festive period – the reality is that we’ll each spend up to a whopping £1,086 on presents, food…

One-in-five people (22 percent) say they have previously borrowed money from friends and family to help pay for Christmas even though the majority are embarrassed about asking, a new survey reveals. The research, commissioned by Curve,  examines how people in the UK plan to finance their spending this holiday season. The results expect the average…

The Joseph Rowntree Foundation JRF) has released a new report which highlights than Britain are going into Brexit with half a million more children trapped in poverty, this following a relentless rise in the number of working families struggling to make ends meet over the last five years. It means in a typical classroom of 30 children, nine are now living in…

Experian has announced that has launched what it calls a transformative change to the way consumers shop for credit cards. Experian’s new comparison services will now mean that consumers will see a guaranteed rate when shopping for cards with certain providers. Credit card and loan providers only need to offer their headline representative Annual Percentage…

The LV= Income Roulette Report reveals that more than a quarter (28%) of people expecting to retire within the next five years don’t know how much they have in their pension pot. In addition to money worries, some did not feel emotionally ready for retirement with one in six (16%) admitting they were worried they…

The Bank of England has released its latest Money & Credit data indiating that consumer credit increased by £0.9 billion in October, similar to the previous few months, but below much of the period since 2016. Mortgage market activity remained broadly stable in October. The flow of mortgage lending increased to £4.1 billion in October…

The Competition and Markets Authority (CMA) has published its concern that Experian’s takeover of start-up rival ClearScore could stifle product development and impact customers. The CMA’s Phase 2 investigation has provisionally found that Experian’s takeover of ClearScore is likely to result in less intense competition, potentially harming the continued development of digital products which help…

European credit management firm Intrum, has published a new European Consumer Payment report based on a survey with responses from 24 398. European consumers. Intrum, who are in contact with 250 000 indebted consumers around Europe every day, sees a widening gap in the wake of a rising economy. While more and more people are able…

UK Finance has released its latest household finance update for October 2018 which has revealed that £11.3 billion of credit card spending in October was 12.1 percent higher than last October. Over the past twelve months, the outstanding level of credit card borrowing grew by 5.7 percent. Whilst personal borrowing through loans and overdrafts grew by…

Three-quarters of consumers are worried about their current financial situation, a study has found. Researchers found a large percentage of the nation fear they don’t have enough money to see them through a sudden crisis such as a large, unexpected bill. Others are concerned they would face almost immediate ruin if they were to lose…

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