If your bills are mounting and your overdraft’s creaking at the seams, would you turn to your bank for help? My immediate instinct would be to say ‘no way’, but my logical response is ‘yes, of course you should’.
What comes to mind when I mention the new uni tuition fees system? Headline £9,000 fees? But how does the system actually work? A recent survey found there’s widespread confusion among students and parents.
A US study suggests owing money is like a ‘badge of honour’ for the young – with student loan and credit card debts something to brag, not worry, about. Do young Brits feel the same way?
If you’ve won more Olympic tickets than you need, can you sell them on eBay? No. You’ll have to wait until the official resale site is up next year. Meanwhile, the interest could soon start draining from your account.
We’ve talked about the prospect of £9,000 tuition fees, but many hoped that only the top universities would charge this. With most unis now planning to use this top rate, can they all represent value for money?
Figures from the BBC show that some graduates could face total debts of up to £84,000 under the new student loans regime due to launch in 2012 – double what they originally borrowed. Is a degree worth this sort of debt?
Super complaints are like buses – you wait ages for one and three come along at once. But as their heroic name suggests, they’re vital. The latest, from Citizens Advice, proves how important its services really are.
Although the recession has made many of us change our travel plans, we’re still willing to make sacrifices. But with new fuel surcharges from companies like Thomas Cook, can you afford to jet abroad?
Offering brief respite to those seeking free debt advice, the government is providing £27m of debt funding in the next year. It’s not enough, but will hopefully keep the commercial debt management wolves from the door.
Debt management companies may have cash to throw at glossy adverts during The Jeremy Kyle Show, but why on earth do people use them for a service that’s available free, more suitable and much better elsewhere?
The dawn of 2011 will see millions of people promise themselves that they’ll spend less, save more and ditch their Christmas debt mountains. But what are the chances we’ll stick to these New Year’s resolutions?
Making people use their assets to pay unsecured debts is fine in theory, but when lenders put their homes at risk because of debts of less than £600, it just abuses the system.
While young people are responsible for their own finances, we’ve made it too easy for them to borrow – and, in some cases, too difficult for them not to. So is it really their fault for getting into debt?
The number of pawnbrokers in the UK has trebled in the past seven years, while payday loans are also on the rise. The question is whether there’s a lesser of these two ‘evils’ or if we should avoid them both.