Debt only becomes a serious problem when it hits almost £15,000

The nation is deluded about their debt problems as Brits only see themselves as having serious debt problems once they owe just under £15,000.

Brits are taking out more credit cards

The number of Brits taking out credit lending has increased by a massive 7% in February, compared with the same period last year.

Android phones can be used as credit cards with Orange

Contactless payment has taken off in a big way over the last 18 months and a number of mobile phone network operators are rolling out the system.

Government cashing in on dormant bank accounts

The coalition has used £400m of cash that was laying in unused bank accounts to set up a Big Society Capital bank.

A healthy pension pot is not on the horizon for one in six retirees

Although retirement should be a time when most Brit’s financial woes begin to ease, a new study has revealed that some retirees won’t be buffered by an adequate pension pot. ...

Air passenger duty increases by 8%

Air passenger duty (APD) has increased by 8% since last year’s Autumn Statement.

Prepaid debit cards on the increase

Prepaid cards are becoming increasingly popular but the market needs to be compared first before consumers invest in them.

Retired population face £100bn of debt

Britain’s retired population owe a collective personal debt of almost £100bn according to a retirement income specialist.

Smartphones electronically pickpocket contactless credit and debit card holders

Holders of Barclay’s new contactless credit and debit cards could be victims of ‘electronic pickpockets’ as smartphones can glean user’s data.

Britain’s youth need to save more or work longer

In order to retire Britons will have to save more money or work longer to fund the high costs of housing and daily living.
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