Thrifty Loans

Young Run Up Debt To Fund Celebrity Lifestyles

Young people in Britain today are attempting to pursue a celebrity lifestyle on guttersnipe wages, and the numbers simply don’t add up. Experts claim that such a high-spending lifestyle beyond affordability is akin to committing financial suicide, and they are showing a reckless attitude to borrowing. Bankruptcy is not seen as shameful, but rather as a [...]

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Student loan interest rate doubles

Hundreds of thousands of students will be taking out loans this year to pay for their forthcoming years in further education, and they will be doing so  at an interest double that of 12 months ago. Jointly owned by the Department for Education and Skills and the Scottish Office, the Student Loans Company has doubled its [...]

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Students face debt crisis

Huge debts accumulated at university could cause students to go bankrupt, a study has claimed. The study, compiled by price comparison website uSwitch.com, estimated that one in ten students could be declared insolvent after they have had to borrow thousand to pay for tuition fees, accommodation and living expenses. Even if they can avoid bankruptcy students [...]

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UK consumer debt gets worse

Research by analyst Datamonitor suggests that Britain’s mounting debt problems will continue to worsen until, by 2011, almost 25% of employed people in the country will not be able to get a loan, a mortgage or a credit card as their debts will be so bad. Over the next four years the number of borrowers on [...]

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