Without wishing to be a killjoy, the tens of thousands of students celebrating their record-breaking A-level results will soon be up to their necks in debt.
While one survey this week was urging this year's freshers to give up a pint of cider a day throughout their degree course to build up a pension pot [...]

A scheme to educate secondary school students on the importance of managing finances has been launched by R3, the Association of Business Recovery Professionals.
R3 members will be available to secondary schools which currently implement ifs School of Finance qualifications to inform students about personal debt and how it can be prevented.
They will illustrate real-life cases [...]

R3 members will be visiting secondary schools that currently implement the ifs School of Finance qualifications. They will offer their skills in the form of discussing with students the perils of personal debt and how it can be prevented.
This quarter’s Insolvency Service statistics showed that personal insolvency has continued to soar with 26,021 individual insolvencies [...]

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The Office Of Fair Trading has announced that it will focus its attention on examining bank overdraft fees .
 

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The OFT confirmed last Thursday that it would be investigating the charges levied by banks and building societies when current-account customers go overdrawn without prior authorisation. Which, the consumer lobby group, estimates these charges cost customers £4.7 billion a year.

People who repeatedly use financial comparison websites can inadvertently damage their credit rating, a report has said.
Comparison websites have sold 13.6 million products in the past year.
But the report, by Professor Merlin Stone of Bristol business school, says the sites do not offer credit checks to people shopping for financial policies.
If consumers [...]

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The majority of potential first time buyers are in nearly £6,000 of debt and yet hope to get their foot on the housing ladder in the next two years. So says a new report from Alliance & Leicester Mortgages.
On average, a [...]

Read more at: http://myvesta.org.uk/blog/2006/09/land-as-debt-runs-out-of-control.html.

Read more at: http://myvesta.org.uk/blog/2006/10/lloyds-tsb-to-withdraw-overdraft.html.