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 portfolios […]

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 four […]

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.  These […]

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 interest-free […]

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 of […]

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 30s are […]

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 fact […]

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 […]

If you are a student or a graduate you may then be able to borrow money at attractive rates.  Student overdrafts are one of the most common forms of borrowing from students.  There are many banks that offer students banking packages that allow undergraduates an interest free overdraft up to a certain limit.  This can […]

The Consumer Credit Counselling Service (CCCS) experienced an increase in demand for its debt advice services.  Last year, 2006 saw a 65% increase in clients. Men over 60 now have an average ratio of debt to monthly income of 36:1.
The CCCS has seen an increase in the number of elderly people who need help. Their […]