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Young people 'opening multiple overdraft accounts'

Young people could be risking their financial wellbeing by taking on multiple bank accounts with overdraft facilities in a bid to maximise their access to credit, a new report has warned.

Almost one in ten 18 to 24-year-olds have at least three bank accounts with an overdraft.

Motorists face last chance to bin a banger

Drivers have been reminded that time is running out if they want to take advantage of the government's car scrappage scheme.

The car scrappage scheme will end on March 31st or when its funding runs out.

Last of the big six joins "price cut bonanza"

The last member of the UK's big six energy suppliers - ScottishPower - has joined its rivals in announcing cuts to its standard gas prices.

All of the UK's big six energy suppliers have announced price cuts this year.

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Mobile users 'failing to pick up £1.5bn in savings'

Around 40% of the UK's 46 million mobile phone users are missing out on savings of £1.5 billion a year because they have never switched networks to get a better deal.

Debt helpline calls rise 25% as "new penury" strikes

Calls to the Consumer Credit Counselling Service (CCCS) helpline rose by 25% in 2009 to a record 335,323 contacts, the charity has said.

Young people 'opening multiple overdraft accounts'

Young people could be risking their financial wellbeing by taking on multiple bank accounts with overdraft facilities in a bid to maximise their access to credit, a new report has warned.

Motorists face last chance to bin a banger

Drivers have been reminded that time is running out if they want to take advantage of the government's car scrappage scheme.

Last of the big six joins "price cut bonanza"

The last member of the UK's big six energy suppliers - ScottishPower - has joined its rivals in announcing cuts to its standard gas prices.

Debt to energy suppliers 'hits £728m'

The coldest winter for 30 years has seen home owners fall deeper into debt with energy suppliers, with the total owed now topping £728 million, according to new research.

E.ON joins energy price war

E.ON has followed fellow big six energy suppliers British Gas and Scottish and Southern Energy by announcing it will cut its gas prices by six per cent from March 31st.

26% of Debt Management Plans 'last over ten years'

Despite being intended as a short-term repayment contract between an individual and thei unsecured creditors, more than a quarter (26%) of Debt Management Plans (DMPs) last for at least ten years, according to new research.

Consumers urged to check fixed rate tariffs

Millions of homeowners could be paying "way over the odds" for their energy because they signed up to a fixed rate deal at the top of the market, it has been claimed.

Second energy supplier announces price cuts

Scottish and Southern Energy has followed British Gas by announcing price cuts for its dual fuel customers.

Cost of living 'rises by over £1,200'

Households in the UK have seen the annual cost of living rise by £1,222.66 in the past 12 months, a new report has claimed.

Shop price inflation falls to 1.7%

Shop price inflation dropped to 1.7 per cent in February as upward pressure on the cost of food fell to its lowest level for three years, according to new figures from Nielsen and the British Retail Consortium (BRC).

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Cut Your Bills Features

How to reduce your TV/Telephone/Broadband costs

We all want broadband, didgital TV and cheaper phone calls but how do we get them and who offeres the best value for money. Myfinances.co.uk's Kate Saines investigates the various 'bundling' packages available.

'Bundling' is the recommended way to pay for your broadband/tv/telephone needs

Webchat: Costs of raising a family

Research recently revealed that couples are both marrying and starting a family later in life becuase of financial concerns. But how much does starting a family really cost and should you be worried?

Nigel Snell of LV= and Nifa McLaughlin, editor of parenting website Gurgle.com will answer your questions

Drowning in debt

This month the Insolvency Service released a very grim set of figures showing the number of people becoming insolvent had rocketed by a worrying 25% in the last year Kate Saines looks at what you should do if you're worried about your debts.

Debt charities say the number of insolvencies could be only the tip of the iceberg

Keep Calm and Spend Less this Christmas

As Christmas approaches we tend to fall into one of two camps, those that embrace the whole festivities with enthusiasm and glee and others who find the season of goodwill decidedly stressful.

On to a winner with comping: Winning competitions online

Compers – people who enter competitions as a hobby – are a growing tribe.

Smaller energy players overtake Big Six

The Big Six energy suppliers have long dominated the UK gas and electricity market, offering the best prices, albeit at a higher level than most would like.

10 Ways to Start Going Carbon Neutral

Author Mark Brassington first started looking at ways of cutting his carbon emissions in 2003, now he reveals how you can go carbon neutral, or at least cut your personal emissions and your fuel bills.

New protection for consumers

Kevin Brennan, the minister for consumer affairs, writes for myfinances on measures taken by the government to increase consumer protection as the recession hits the UK.

Product News

Scottish and Southern Energy slashes prices

Scottish and Southern Energy is cutting standard dual fuel gas prices by four per cent or £30 from March 29th.

British Gas cuts prices by 7%

British Gas has been hailed as Britain's cheapest energy supplier after cutting gas prices and unveiling a new online tariff.

Virgin: Free calls to mobiles from home

Virgin Media is to offer its customers free calls to mobiles from their home phones.

BT's 40Mb broadband hailed 'exciting'

The launch of a 'super fast' broadband service by BT has been hailed an exciting development for consumers by Broadbandchoices.co.uk.

Broadbandchoices: Compare 'bundles'

Broadbandchoices.co.uk has launched a comparison service to allow people to compare the costs of the home media 'bundles' on the market.

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