Zurich reveals singletons' debt fears
One third of single people believe that their marital status gives them an extra financial burden.According to a poll of singletons from Zurich, 70 per cent of the group have also never taken professional financial advice.Around half also said that they think it is "very important" not to have any credit card debts or to go into their current account overdrafts.Tony Solomon, business development director at Zurich UK Life, commented: "The research has demonstrated that there is a real need for financial advice, particularly among people who are single."We understand that modern life can leave very little time for people to sort out their finances. But the fact that more than a third of single adults worry about the added financial cost of being single suggests that being single in this current economic climate may be more fretful than fabulous!"Recent figures from charity Credit Action show that total personal debts in the UK are approaching £1.5 trillion.
Share this..
Related stories
Competition returns to the banking sector for now
While retail sales continue to grab the headlines in the UK it is becoming more and more noticeable that many UK banks and mortgage providers are offering their own special discounted rates. In a bid to inject more life and competition into the UK property sector it appears that the mortgage arena is now more competitive than it has been for the last two years. However, is everything as it seems?...
Read MoreHave you checked your finances as we move into 2009?
As we move into a new year many people across the UK will be taking time out to summarise their financial position, what they need to do and what is within their grasp. As the UK economy continues to move downwards and the taxpayer is asked to fund more and more rescue packages across the economy there is a feeling of despair in many households today. So what can you do about a difficult situation...
Read MoreFinancial advisers share $100 million pot
It has been revealed that the successful recommended offer by Kraft Foods for UK outfit Cadbury will bring about an estimated fee pot of $100 million which will be split among seven of the world's leading financial institutions. However, Bank of America and JP Morgan, advisers and backers for US rival Hershey, are expected to share a "paltry" $1 million retainer for work done with regards to the "...
Read MoreGovernment wins alleged tax avoidance case
The UK authorities are today celebrating a potentially massive win in the courts when a judge ruled that retrospective tax legislation regarding offshore tax avoidance schemes was not against the human rights of those involved. The case centred round a self-employed IT contractor who was hit with a £100,000 tax bill by the UK authorities relating to income received through an offshore tax scheme....
Read MoreHow to get a Mortgage
Setting up your mortgage can be a daunting prospect, particularly for first-time buyers. There are so many things to consider, and making sure you get everything in order, and the best deal possible, can be difficult.
Get your deposit together
Your deposit is crucial in making sure that you are accepted for a mortgage when you apply. Lenders like to take some of the ris...
Read More