This month the term ‘Credit Crunch’ made it into the dictionary, and it seems that this persistent financial nightmare will be continuing for some time to come. It is predicted that banks will be feeling the squeeze even by the end of 2010, and even more positive reports allow that it will take well over six months to subside.
read more...The average householder stands just 52 days from “ruin”, due to their heavy monthly mortgage obligations, other outgoings and personal debts.
A poll from the Yorkshire Building Society shows that the average amount spent each month has now hit £1,445.
However, the average put aside in “accessible” savings, such as instant-access cash ISAs, stands at just £2,474.
Worse [...]
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