Bite The Ballot, a youth-led grassroots campaign formed in 2010, runsNational Voter Registration Drive, and last year’s campaign saw a world-record breaking 441,500 people registered to vote.
Are the young registering to vote? New Experian research has found that the number of people in the UK who will turn 18 this year on the electoral roll fell by 1.69 per cent compared to 2015’s coming of age voters. 56.7% of local authorities have seen the number fall this year. Continue reading →
Parents often wonder exasperatedly if their offspring ever listen to their advice – but it appears that today’s young adults have learnt from the experiences of their elders when it comes to their finances.
Experian’s Millennial Me & My Money report found that 45% of Millennials – that’s 18-34 year olds – manage to save at least a quarter of their disposable income each month, compared to just a third (34%) of 35-55-year-olds (widely known as Generation X).
Millennials who believe their parents have had a positive influence on their money habits have almost double the savings of those who say their parents had a negative influence.
However, those who say their parents have had a negative influence on their money management are more than twice as likely to have missed an agreed credit repayment, twice as likely to have been refused credit, and twice as likely to have run out of money before payday in the past. Continue reading →
Lenders use the electoral register to help confirm who you are and where you live. This info usually has to be up to date before they are willing to offer a mortgage, a loan or any other form of financial account.
Being on the Electoral Roll makes it easier for banks and financial institutions to confirm your identity and not being registered will reduce your Experian Credit Score.
Not being registered could cause a delay when you apply for credit, while the lenders confirm your details some other way. With some lenders it may even hurt the credit score they give you, and some applications may even be turned down. Continue reading →
If you work for yourself, or you’re a freelancer, or you work for a company but don’t get paid at source then you may well have highlighted 31st January in your calendar.
Midnight on that date marks the deadline for doing your online self-assessment tax return and paying the full amount owed (if any) to HM Revenue and Customs (HMRC)
Even if you don’t actually owe any tax, there’s an automatic £100 fine if you miss the January 31 deadline, so it’s really important to make sure you get your tax return in before the last possible moment. Continue reading →
Do try to stay within your credit limits and do try to pay your credit bills on time. Missed or late payments stay on your credit report for at least six years, and this can have a big impact on your score. Continue reading →
It appears the Millennial generation have learnt from the experiences of those that preceded them when it comes to their finances.
The findings from Experian’s “Millennial Me & My Money” report show that 45% of Millennials manage to save at least a quarter of their disposable income each month, compared to just a third (34%) of 35-54 year olds. To see the full report click on the image below.
There’s a lot said about the January Blues: how it’s cold, dark, there’s no money left in the pot after the festive season and the long gap since last payday, and it’s the most miserable time of the year. So far, so typical.
But we think there’s actually a lot good about January, certainly in terms of taking control of your finances – here are 5 reasons why we’re secret fans of January.
1. Review what goes in and comes out There’s nothing quite like the start of the year for taking stock of your finances, and budgeting for the year ahead. Continue reading →
Join Experian Expert Joe Green at @ Top_CashBackfor a Twitter Q&A on New Year’s Financial Resolutions between 12 and 1pm on Friday 15 January 2016.
Use #AskExperian when asking your questions. There are 3 chances to win a £100 gift voucher – full terms and conditionshere.
To get 2016 off to a bright new start and set yourself some achievable financial goals, we’ve got five simple tips if you’re thinking of getting your finances under control this year.
1. Budget with attitude There’s nothing quite like the start of the year for taking stock of your finances, and budgeting for the year ahead. Spending some time balancing out your income against your outgoings can be beneficial in the long run, and can also make you feel like you’re in control. Continue reading →