- Warning. Beware of financial advisers promising unusually high investment returns.
- In Money Marketing this week the Financial Services Authority is warning advisers about the dangers of selling dodgy non regulated investment products. What about warning the public?
- Wed 28th Jul 2010
- Have you been miss-sold your mortgage and are now stuck in mortgage hell.
- I have been speaking to a number of mortgage gurus over the last few days and the prickly topic that keeps cropping up is mortgage miss-selling.
- Wed 14th Jul 2010
- Bank of England to hold interest rates until May 2011. Good news.
- The british chamber of commerce have stated that rates will be on hold for quite some time.
- Tue 6th Jul 2010
Consumers 'should clear Xmas debt quickly'
Tue 18 Dec 2007 4pm
People who overspend over Christmas have been advised to make clearing their debts a top priority for the new year.According to AWD Chase de Vere, borrowers should try to pay off their debts immediately after the festive period in order to make a healthy financial start to 2008.
Susan Hannums, savings manager at the independent financial adviser, also recommended that consumers avoid financial difficulty later in the year by putting "a little bit aside" for next Christmas when they can.
"Ultimately you should be thinking about clearing that [Christmas] debt as quickly as possible," she stated.
"Sit down with a pen and paper, work out your budget for the coming year and work out how much you can comfortably afford."
A recent study by Sainsbury's Bank claimed that £11.85 billion will be spent by British people in the week before Christmas.
Figures from Credit Action state that the UK's total personal debt reached £1,278 billion in November this year.
