'40% OF CONSUMERS LENDING OR BORROWING THIS CHRISTMAS' AS Christmas draws nearer, two fifths (40%) of consumers are either planning to lend or borrow money to get through the festive season, according to research for rewards website, GETPAIDTO.com.
The website, which is running a Christmas Saver Club, found that 24% of people are turning to family, friends or colleagues for financial support, while 16% have lent money to help someone enjoy Christmas.
Some 17% of the 2,000 people surveyed had taken on additional work to help fund Christmas.
INSURANCE DEALS FOR YOUNGER DRIVERS 'GETTING MORE COMPETITIVE' YOUNGER drivers could see the cost of their insurance fall in the coming months, helped by growing numbers of "black box" telematics policies, according to Comparethe market.com.
More than three-quarters (77%) of under-25s are seeing at least one telematics premium crop up in their cheapest five quotes - up from 62% in 2014.
Telematics, or "black box", insurance policies work by tracking a vehicle's movements, helping insurers to reward good drivers with cheaper premiums.
Simon McCulloch, director of insurance at Comparethe market.com, says: "If price competition continues to be high for young drivers' policies, we may in fact see premiums start to decline for under-25s, whilst they rise for everyone else."
NEW GOLD BAR LAUNCHED COSTING PS25,000 THE Royal Mint is offering "serious investors" with around PS25,000 to spare, the chance to buy a fine gold bar weighing one hefty kilogram.
The new gold bars, worth PS24,000 to PS25,000, depending on changing gold prices, have been produced to mark the first anniversary of a bullion trading website launched by the Mint.
The www.oyalmintbullion.com website has ttracted more han 12,000 ustomers from cross the world ince it launched September 2014.
FINANCIAL FACT: MORE than 1.1 million households were sitting on mortgage debts worth more than 4.5 times their income in 2013, according to Office for National Statistics (ONS) figures. The number has fallen compared with 2011, when 1.3 million households had mortgage debts at this level.
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|Publication:||Western Mail (Cardiff, Wales)|
|Date:||Oct 10, 2015|
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