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Shelter, the homeless charity, has recently released information showing that in the last year nearly a million people have used payday loan companies to cover rent or mortgage payments. Six times this number have used other types of expensive borrowing such as unauthorised overdrafts and credit cards to help pay everyday household costs as well as . . . → Read More: Payday loans used by many to pay mortgages  The holiday season also tends to be cash-crunch season for many households in the UK. A lot of them end up resorting to so-called payday loans – short term, high interest loans often amounting to only a couple of hundred pounds in principal but subject to interest that can multiply that amount by thousands. A recent . . . → Read More: Payday loans set to spiral in 2012 Poundland, the discount retailer, has recently conducted a survey of 2000 people in theUKand this has indicated that they are going to be spending at least 10 hours in the run-up to Christmas investigating where the best bargains can be found. The survey also showed that one in five people will spend three hours a week . . . → Read More: Christmas shoppers turn to the internet Using internet banking to manage your funds is a hugely beneficial way of staying on top of your accounts. With you being able to bank anywhere, and at any time of day, there are no barriers in place if you want to look at your accounts at 9am or midnight. Having an online savings account can . . . → Read More: Utilising Your Online Savings Account An eight-month enquiry has recently been completed by the All-Party Parliamentary Group on Financial Education. The conclusion by the group was that the government should be focusing on the financial education of young people so that they are less likely to run into money problems in the future. As a result of being investigation a report has . . . → Read More: Financial education of young people The Offshore Coordination Unit is the latest effort by the taxman to prevent offshore tax evasion. The unit is based in Birmingham and it is going to be analysing the extra information that the revenue office is receiving about UK taxpayers holding money abroad. Recent deals have been made with the governments of Switzerland and Lichtenstein so . . . → Read More: Offshore Coordination Unit looking for offshore cash The buy to let market in the UK is worth billions of pounds and has certainly reached maturity. Despite it being a mature market it is still vulnerable and Move With Us, a property specialist, have recently conducted a survey showing that most estate agents in the country would want to see the market be more . . . → Read More: Move With Us says buy to let needs regulation The latest data that has just been released by Synovate Retail Performance indicates that retail footfall with in the UK is rallying Figures show that during the month of November, the number of shoppers who entered non food stores fell by -1.7% compared to November 2010. This was an improvement on the figures for October which . . . → Read More: Synovate says that there is some Christmas cheer on the high street 0% interest rates are something that credit card companies have been offering for a long time. They were something relatively simple for the consumer to understand; if you had a good credit rating then it was easy for you to get, but if your credit was poor then you would be declined the card. Halifax are about . . . → Read More: Halifax 0% credit card Almost every credit card carries a very high standard interest rate. If you are an investor or saver and get a return of 6% a year that is classed as a good rate, reverse that, get into debt, buy into the average APR on credit cards of 19% and your talking serious financial disaster and just . . . → Read More: Watch out for huge credit card interest rates |
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