Brits are ringing up mobile phone bills of £15 billion every year, according to new research from Clerical Medical.
According to a survey of 3,000 respondents, the average Brit spends £13,250 in their lifetime on mobile phone calls, adding up to £15 billion a year as a nation on mobile charges.
In any given month we […]

Mortgage debt in the UK has risen to over £1 trillion, according to the Bank of England (BOE). An extra £9.3bn was taken out to purchase property in May, taking the total outstanding national mortgage debt to £1,007 trillion. The value of unmortgaged property was put at £3.6 trillion.
According to Nationwide the average property […]

The Financial Services Authority (FSA) has said that too many small mortgage lenders and brokers are still misleading customers about their fees and charges.
A survey conducted by the FSA found that more than a quarter of brokers issued Key Facts Illustrations – which are supposed to detail all the charges and terms of a […]

Gas and electricity customers are being ‘ambushed’ by huge quarterly bills showing they are deep in debt to their energy suppliers. Many have expressed anger that they were not informed that the shortfalls were building up.
 
Energywatch, the independent watchdog, said the problems were occurring because some suppliers were not adjusting direct debit payments to […]

Saving the £2.40 a day that you may otherwise spend on a latte and putting that money into your pension could let you retire earlier. Andrew Partridge reports Many people in the UK face the prospect of having to work until later into their lives after the Government’s recent Pensions White Paper said that the […]

Credit card cheques are a costly way to borrow money, but with more than 18 million cardholders receiving them each year, they are often used as a quick-fix in an emergency. Pauline McCallion reports
The credit card industry is reportedly making £443m a year on credit card cheques. This is because when borrowing from the same […]

Almost a quarter of those in their 50s either rent or live with their parents. Christina Jordan reports
It is not just those in their 20s and 30s who find it hard to get on the property ladder, according to research from Alliance & Leicester, as nearly a quarter (23%) of people in their 50s […]

It was 40 years ago this week that Barclaycard launched Britain’s first ever credit card and, possibly, initiated the rolling snowball of personal indebtedness that has become today’s avalanche of trouble.
The year 1966 has a special resonance for England football fans because it was the only time the team has won the World Cup.
At time […]