- 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
Brits 'borrowing freely'
Mon 17 Dec 2007 4pm
Personal debt levels are increasing in the UK because the "stigma" attached to borrowing money is vanishing, it has been claimed.Spokesperson for PayPal Cristina Hoole said that the act of acquiring a loan, whether from an authorised lender, friend or family member, is now much more accepted among British people.
Ms Hoole stated that the typical British consumer is most likely to ask their mother to lend them some money, although many people will freely borrow from their friends as well.
Speaking about the changing attitudes towards borrowing, she commented: "I don't think there's a stigma anymore.
"The key thing is that if you do borrow money or if you lend money, that shouldn't affect the relationship that you have with that person."
According to a recent report from YouGov and PayPal, 48 per cent of UK people have lent money to their family and friends in the last 12 months.
PayPal is an online payments service which allows the secure transfer of money over the internet.
