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People are turning to equity release in order to repay their debts and become debt free, equity release is typically available to the over 50’s. As people are retiring and finding themselves with substantially less income and the same levels of debt as when they where working. Each month is becoming more of a struggle [...]

There are a number of different reasons for wanting to open a life insurance policy and in order to decide whether it is the right choice for you, you will need to look at several different aspects of your lifestyle. Those who choose not to take out life insurance policies are likely to be those [...]

As the Bank of England holds the interest rate at a historical low, Britain’s high street banks and building societies are bumping the authorised overdraft rates up to a record high. In fact the average rate charged for overdrawn customers in August was 19.1% (according to Moneyfacts), the highest level since the Bank of England [...]

In this day and age it is most likely that you will need to borrow money at some point in your adult life, usually at least to buy a house, but more often than not to buy consumer goods. Whenever, you apply for credit or finance, lenders check credit ratings to help them make a [...]

With inflation rising and VAT at 20%, 2011 is a good time to review what you are spending especially in the supermarket, are you really eating all the food that you buy? Research by WRAP estimates that 8.3 million tonnes per year of household food and drink goes to waste. Most of which 5.3 million [...]

With the recent 9pc rises, start making moves to save money now. If you take action as soon as possible you could potentially save money, particularly if you are still with the same energy provider for several years. About 50% of households have never moved their energy supplier and could potentially save hundreds of pounds [...]

The Office of Fair Trading (OFT) has recently announced that it has taken enforcement action targeted against home collected credit or doorstep lending, so far it has sent over 50 warning letters as part of it strategy to improve standards in the doorstep lending industry. Throughout 2010, the OFT has found more than 50% of [...]

The credit card company MBNA has been forced by the OFT to improve the way it deals with its customers who are struggling with money problems. The Office of Fair Trading (OFT) have been investigating the lender’s in house debt collection arm, and have found that customers did not know if partial payments would start [...]

Finding it hard to balance the family budget? You’ve cleared out the bank account, and it’s a couple of weeks away from payday? The overdraft never gets any less and even increases every month? Let’s face it; life’s pretty tough and there’s little sign of it getting any better! Most households have taken out borrowing at [...]

Will missing credit card payments really affect my credit rating? This is a question we are often asked at National Money – the quick answer is yes, but that doesn’t provide much information, so we have delved a little deeper in this article. The first point to consider is what is a credit rating? There [...]