This year, studies confirm that a lot of consumers have selected to remunerate their debts relatively than build up their savings account or take out loans. Most of these debts are unsecured loans in the mode of personal loans and credit cards which significant figures of people have incurred before the economic slump hit. Amid [...]

As the technological advancements in our world keep improving so does everything else that is around us. Now we have the opportunity to enjoy online tutoring which was not there or rather was not widely practiced just a few decades ago. Right now anybody with a computer and internet access can be a part of this movement towards enlightenment. It is becoming quite the norm to apply for a job and have an online degree on your CV.

Many parents are troubled by their child’s student loans and debts. However, instead of looking at a child’s loans as a burden, the parents should look at it as a chance for both to benefit. There are several ways to benefit from lending money to children. With a growing number of people investing in property [...]

Credit Action, the UK financial education charity, warned the industry that the wide prevalence of student loans is creating an environment where high levels of debt are seen as normal. There has been a subtle switch from days when students worked to cover extra expenses. Now, they use loans to finance the entire three or [...]

There are students who are graduating that have racked up debts of more than £13,250, and these graduates are considered to be the lucky ones. As annual tuition fees have soared to more than £3,000 a year it is estimated that students graduating in 2009 will owe an average of £30,000 in overdrafts and loans.  [...]

With the announcement from HSBC that they will be ending free overdraft accounts for graduates, students across the country are seeking advice on how to clear their overdrafts as well as their credit card debts. Although HSBC is one of the big banks in the country there are other banks that are offering graduate students [...]

The most recent personal debt figures, March 2007, were £1,318bn. The nation’s personal debt is still increasing by £1 million every four minutes, according to up to date research by Credit Action. “The introduction of student loans is, in effect, government endorsed debt,” said Deputy Director of Credit Action, Chris Tapp. “Also, as the Governor [...]

The 20s and early 30s have the highest borrowing of any age group, according to a new report. Alliance & Leicester’s Borrowing Monitor indicates that this age category average unsecured debts of £5,863, 29% higher than the national average.  They account for 30% of the national, unsecured borrowing debt burden. People in their 20s and [...]

New homes are smaller than ever, new research from the Office for National Statistics states.  New homebuyers who demand two-bedroom properties rather than four-bedroom homes are feeding the trend. The number of two-bedroom homes rose from 25 per cent to 45 per cent in the last four years. This may be partially due to the [...]

If you are planning on attending University, or you have just started Uni, then you may want to consider opening a student bank account.  Student bank accounts tend to be a bit more generous than ordinary current accounts.  It is worth considering as they offer an unsecured loan in the form of an overdraft for [...]