Spending power reduced as income growth weakens
May 21, 2012 by Anna Jay
Consumers are cutting back on non-essential purchases as income growth has reached its lowest level since February 2011, impacting on spending power significantly. Read MoreTodays News by Compare Prepaid
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Savers are encouraged to get into good habits
New research has shown that the majority of individuals with a consistent savings habit stick to their regular payments, which is particularly helpful in the current climate.Cost of food and household bills leaves consumers caught in a payday debt trap
A concerning number of individuals are being caught in a continuous cycle of debt as they have used payday loans to cover the cost of household bills and daily essentials.Warning comes to release children from ‘credit virginity’
Adult children are failing to build up a credit record due to a growing number of parents financially helping their children.Brits unprepared by the reality of the cost of life’s significant events
Weddings, first house deposits, raising children and attending university are just a handful of life’s most important events, but new research suggests that Brits are underestimating the cost of such occasions by thousands of pounds.Avoid payday loans to pay the bills
A large number of Brits are turning to payday loans to pay for holiday deposits and other bills, but experts are encouraging payday borrowers to consider other options.Prepaid cards prove increasingly popular with UK consumers
Holidaymakers are being encouraged to lock into the current strength of sterling against the euro and US dollar in order to make holiday spending more enjoyable this summer.More Stories to Read
UK holidaymakers are increasingly caught short before the end of a holiday
New research has revealed that British holidaymakers are, on average, out of pocket two days before the end of a seven day holiday.Capital One offer a helping hand to consumers with bad credit
A new card being offered by Capital One is expected to provide consumers with poor credit ratings the chance to earn cash back.Bank balances revived thanks to careful saving
Despite the recent financial downturn, record savings have been reported as savers have increased their balances to the highest level seen for two years.Highlighted News
Wrong plastic abroad costs Brits millions of pounds
Millions of Brits are making the fatal error of using the wrong plastic on holiday which results in sky high credit card fees. Read MorePopular News
Consumer confidence returns to credit cards
Recent figures have shown that Brits are increasingly relying on credit cards for large purchases and daily costs. Read More
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