Greater graduate debt may affect credit files

Richard Brown, chief executive of Moneynet, says large student debts will cause problems when arranging a mortgage or anything else requiring a sound credit history because they will take longer to pay off. “IFAs will need to re-address the financial landscape," says Brown. "Their traditional client base will have less money during their twenties and early thirties to put into pensions, investments and savings. But, there will always be a market for IFAs, as graduates will still tend to get married, buy a home and have children and therefore need products like life insurance, income pro...