You don't have to be a money expert to stay in the know with what's happening in the world of finance. Our constantly-updated news section provides bite-sized details of key facts, figures and changes.
RSS News Feeds Now Available RSS (Really Simple Syndication) is an alternative means of accessing the vast amount of information that now exists on the world wide web. Instead of browsing websites for information of interest, the information is sent directly to you.
Find out more about RSS news feeds
The latest figures, for the third quarter, confirmed that the number of Britons filing for insolvency had risen by 6.2% - from 33,073 to 35,242 - in the three months to the end of September, and were 28.2% higher than this time last year. The total comprised of 18,347 bankruptcies, 12,390 individual voluntary arrangements and 4,505 debt relief orders.
One person is declared bankrupt or insolvent nearly every four seconds in the UK, according to new figures released by debt charity Credit Action.
Financial difficulties can trigger or exacerbate mental illness and tough economic climates tend to result in increased demand for mental health services.
Debt charity Credit Action has unveiled new statistics revealing that personal debt in the UK is continuing to rise, although the rate at which it is doing so has slowed down.
In keeping with the model for the Zero credit card introduced by Abbey its Zero Current Account promises not to charge flat fees for customers using an unauthorised overdraft.
One of the UK's leading life insurance firms is set to petition the government over the need for schools to teach lessons on personal finance.
Traditionally, current accounts were simply designed as a means to house money that you needed to use on a day to day basis. They offered little in terms of in-credit interest – that was the role of a savings account – and they certainly didn’t attract customers with supplementary insurance products or perks. There are a number of accounts, though, that will offer a ‘package’ of products in exchange for a monthly fee.
The most tempting current account offer staring this week is from the Alliance & Leicester. Anyone opening an A&L Premier Current Account will receive a £100 cash bonus deposited straight into their account.
With fuel prices set to pass £5 per gallon before Christmas, the new AA Rewards Credit Card could help to ease the pain for drivers, especially if they are also AA members.
Credit card providers have upped the rates they charge for cash advances in the last 12 months with the average cash APR now at 25.37%. The average rate in November 2008 was 24.8%.
Credit card users have repaid 98 per cent of all the money they borrowed each month over the first half of 2009(1) according to analysis by Moneyexpert.com
Unfortunately, with Christmas coming up, using a credit card for new purchases can be unavoidable. Fortunately some cards offer respectable balance transfer deals as well as 0% offers on new purchases.