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False Economies: UK adults reveal the financial decisions they regret

| March 15, 2019

15 Mar 2019 UK adults are being urged to spring clean their finances by using smart financial hacks the next time they buy a big ticket item or service.  A new study by Sainsbury’s Bank Credit Cards found nearly a third of UK adults have bought a lower quality item and then regretted not paying more […]

Your credit score explained

| March 13, 2019

13 Mar 2019 With the launch of Credit Awareness Week, credit experts TotallyMoney reveal exactly what goes into credit scores and how they’re calculated, allowing customers to understand better the reasons for any changes to them. A YouGov survey of 2,000 commissioned by TotallyMoney also highlights the lack of understanding around the subject of credit reports. Hold […]

Parents kick start savings for 21 million Brits

| March 7, 2019

07 Mar 2019 NS&I research has shown the enduring influence of our parents on building long term savings habits and the financial as well as emotional bonds between the generations. 50% of Britons had a savings account opened for them by their parent or guardian when they were a child, with just over half of […]

New wheels: One in four drivers back in the car market

| March 6, 2019

06 Mar 2019 With new number plates arriving on garage forecourts at the beginning of March, more than a quarter (27%) of motorists will be considering changing their car, despite current economic uncertainty, according to a new study from Sainsbury’s Bank. The research conducted by Sainsbury’s Bank found car buyers are planning to spend an […]

FCA cracks down on rent to own sector

| March 5, 2019

05 Mar 2019 The FCA today announced a number of measures to stop vulnerable people paying way over the odds for rent to own purchases. In future retailers won’t be able to charge more than 100% of the price of goods – a big improvement as in some cases people are paying up to 4 […]

More than six million adults refuse to discuss their will with loved ones

| February 28, 2019

28 Feb 2019 Ahead of Free Wills Month in March, research from Royal London reveals a quarter (26%) of people with a will do not discuss it as they do not want to think about dying. The research also found that one in four (27%) do not want to upset beneficiaries by discussing the contents of their […]

More homeowners choosing to improve rather than move

| February 26, 2019

26 Feb 2019 An increasing number of people are choosing to borrow more money through their mortgage to improve their home rather than move home, according to new data released by Yorkshire Building Society. Figures from the Yorkshire show there was a 12% increase in the number of homeowners choosing additional borrowing last year compared to […]

Nearly half of young adults living at home keep quiet about their savings and debts

| February 26, 2019

21 Feb 2019 With the number of adult children sharing the family home with parents at an all-time high, new research from Charter Savings Bank1 shows they are not always quite so good about sharing details on their finances. The nationwide study found nearly 69% of parents are open about their finances with their adult children […]

Minimum credit card repayments costs borrowers thousands in interest and takes nearly 20 years to clear

| February 17, 2019

17 Feb 2019 Alastair Douglas, CEO of credit experts TotallyMoney, comments on the high cost of solely making minimum credit card repayments, urging borrowers to adopt a simple fixed-payment strategy that could save them thousands. “Paying a bit less each month on your card balance may seem like a great gesture from your credit card company […]

RateSetter ISA enjoys fantastic first year

| February 13, 2019

12 Feb 2019 Peer-to-peer lending platform RateSetter’s ISA has exceeded expectations in its first year, having attracted £175m of subscriptions, and currently accounts for one-fifth of the platform’s £830m funds under management. Almost one-quarter of RateSetter investors have opened an ISA with 16,500 people currently enjoying their returns tax-free within the ISA wrapper. In contrast […]