Debt is never far from the news these days. Here are some of the similarities and important differences between government and personal debt. The comparison to the kinds of debts held by governments and the problems of that and personal financial responsibility is an understandable one to make. The numbers involved, after all, are [...]

  Here at the Money Lion Castle we like to keep our fingers on the financial pulse, so here is a selection of the top stories from around the internet… Banks Lloyds Banking Group has made a loss of £3.5bn after earmarking £3.2bn to cover compensation claims from mis-sold payment protection insurance. It’s hard to mention the [...]

Living with a low credit rating can be worrisome and render you ineligible for loans and credit cards without a high interest rate attached. While it’s not the best thing to have a low credit score, it’s not impossible to repair your rating- if you’re willing to work at it. Consider these easy tips for [...]

The majority of us will at some point have come up short money wise at least once in our life. It may have been an unexpected bill or expense that put you off your budget but how did you handle it? There appears to be a worrying growth in the number of businesses offering payday [...]

Image via Wikipedia The BBC report that the OFT has issued guidelines to lenders and borrowers about when their loans and other credit may, and may not be enforced. The guidelines come in the wake of OFT fears that some debtors may be misled into their ability to have debts written off. The OFT draft [...]

According to the latest research by Datamonitor, people in the UK are borrowing on average almost twice that of citizens in other western European countries. It should also be noted that these figures are also only for unsecured loans, and therefore do not include borrowing such as mortgages, in which the UK is notorious for [...]

As our regular readers will know, the Money Lion has the occasional rant about student finance, and the difficulties facing todays graduates.  Today there is some good news however for those still in the higher education system, as the UK’s higher education minister has  just announced new plans to help simplify the application process and the delivery [...]