Debt News
New lending code 'could offer debt help'
Posted by on 30th October 2009 to Debt News
A new lending code is due to be launched on November 1st and contains guidance designed to regulate collections of payment from those struggling with debt management. The Lending Standards Board (LSB)...
New study 'suggests debt management problems are easing'
Posted by on 30th October 2009 to Debt News
The pressure on households' financial budgets is decreasing, new figures suggest. Research by Alliance Trust has found that the slowing rate of inflation means those struggling with debt management wi...
People 'are still relying on credit cards'
Posted by on 30th October 2009 to Debt News
People are still reliant on credit cards to even out their income, despite the lessons of the credit crunch, an expert warns. Chris Tapp, director of Credit Action, says that many individuals have not...
Debt management issues 'leading people to take on lodgers'
Posted by on 29th October 2009 to Debt News
Problems with debt management could see more households taking in lodgers, with new figures showing a 23 per cent increase since 2006. Halifax Home Insurance reports that half of new landlords took on...
CCCS: Credit card regulations 'could improve debt management'
Posted by on 28th October 2009 to Debt News
New regulations designed to regulate the credit card market could help to reshape the industry and encourage better debt management, a group has asserted. A spokesman for the Consumer Credit Counselli...
Credit card regulations 'could offer debt help'
Posted by on 27th October 2009 to Debt News
People should be given more information about credit and store cards to minimise the risk they will need debt help after signing up for these products, it has been claimed. The government has made pro...
Debt advice: Staying at home 'could save over £1,000 a year'
Posted by on 27th October 2009 to Debt News
People struggling with debt management are saving money by entertaining themselves at home, new research has shown.Figures published by Abbey Savings claim the average person who stays in saves themse...
Prioritisation 'key part of debt management'
Posted by on 27th October 2009 to Debt News
Those struggling with debt management must make sure they prioritise the most important bills, an expert has advised. Barney McCarthy, editor of advice website Your Mortgage, has highlighted the impor...
Personal debt 'could slow down UK economic recovery'
Posted by on 26th October 2009 to Debt News
The amount of personal debt that households in the UK are under could slow down the country's economic revival, it has been claimed. Dominic Bryant, a senior European economist at financial services c...
Coastal town residents 'more likely to need bankruptcy advice'
Posted by on 26th October 2009 to Bankruptcy Advice News
Those living in coastal towns are the most likely to need to bankruptcy advice, new statistics show. Figures published by Wilkins Kennedy, an industry analyst, show that seven of the ten towns and cit...
OVO 'best energy provider in the UK'
Posted by on 26th October 2009 to Debt News
Those struggling with debt management in the East Midlands may be relieved by new figures showing that energy bills in the region have fallen below £900. Statistics published by Confused.com, a p...
Car insurance premium rise 'could lead more to seek debt help'
Posted by on 22nd October 2009 to Debt News
Car owners in need of debt advice are being hit by steep rises in the cost of their insurance premiums, which could put additional financial pressure on them. New figures published by AA Insurance hav...
Christmas shoppers 'given debt advice'
Posted by on 22nd October 2009 to Debt News
A key piece of debt advice for the festive season is to plan Christmas shopping early, as this can help people avoid many of the pitfalls of overspending, a financial guru claims. Fergus Muirhead, a m...
Simplifying energy bills 'could make debt management easier'
Posted by on 22nd October 2009 to Debt News
It is crucial for energy companies to simplify customers' bills and help those in need of debt advice keep their spending under control, a consumer group claims. A spokesman for Which? magazine says t...
Martin Lewis: Everyone's debt advice needs are unique
Posted by on 21st October 2009 to Debt News
A leading debt expert says each person's debt advice needs are different and require a unique approach, although he says certain rules can help people whatever their circumstances. Martin Lewis, a fin...
Families 'are turning to price comparison sites to cut food costs'
Posted by on 21st October 2009 to Debt News
Those looking to improve their debt management skills are increasingly using price comparison websites to save money, it has been claimed. A new study by Dalepak has revealed that one in five people a...
Rents 'likely to remain stable for tenants with debt management plans'
Posted by on 19th October 2009 to Debt News
Rents have been rising for people with debt management plans, although landlords are being quite cautious, an expert suggests.Chris Horne, editor of Property Hawk, claims that there is still a degree ...
People with debt management plans 'should avoid mailing payments'
Posted by on 19th October 2009 to Debt News
People with debt management plans should try and use alternative payment methods to deal with their bills during the postal strike, an organisation advises.The UK Payments Administration has recommend...
OFT 'targets adverts that could mislead debt management plan holders'
Posted by on 15th October 2009 to Debt News
Misleading online sales and advertising practices are to be examined in a new investigation by a leading watchdog, which could lead to lower prices for debt management plan holders.The Office of Fair ...
Debt help: Exhibition 'promotes energy efficiency savings'
Posted by on 14th October 2009 to Debt News
An exhibition is being held to highlight the benefits that energy efficiency in the home can bring, which could also save those struggling with debt management money.Alex Goddard, curator at the Eco H...
Equity release 'being used to help debt management'
Posted by on 14th October 2009 to Debt News
Those with debt management plans are increasingly using equity release to help with their repayments, an expert advises.Andrea Rozario, director general of Safe Home Income Plans, claims that there ha...
Debt management plan holders 'face rising bills'
Posted by on 9th October 2009 to Debt News
Debt management plan holders could face a rise in their energy bills in the nearby future thanks to the extra challenges facing the gas and electric industry.Ofgem has issued a report highlighting pro...
Over 50s 'could still need debt management plans'
Posted by on 7th October 2009 to Debt News
The over-50s demographic are not immune to the effects of the credit crunch, with many having to use debt management plans.Joanna Garcia, head of credit cards at Confused.com, claims that many people ...
Advert 'targeted vulnerable struggling with debt management'
Posted by on 7th October 2009 to Debt News
A complaint has been upheld against an advert that could have targeted vulnerable debt management plan holders.The Advertising Standards Authority (ASA) asserted that lender QuickQuid's advert, which ...
Working tax credits 'could help debt management plan holders'
Posted by on 6th October 2009 to Debt News
The government is recommending those who may have become eligible to claim for the working tax credit to confirm if they are entitled to it, which could make things easier for those looking at debt ma...
Debt management advice 'could be needed following pension changes'
Posted by on 6th October 2009 to Debt News
Proposed changes to the state pension age could leave older people requiring debt management advice, an expert suggests.Dr Ros Altmann, independent policy advisor, warns that women will be unfairly pe...
BPF: More measures needed to protect those needing repossession advice
Posted by on 6th October 2009 to Bankruptcy Advice News
A leading organisation is calling for tenants in properties that are being reclaimed by lenders to be given more time to find alternative accommodation, those looking at repossession advice may be int...
51% of over-50s 'could be in need of free debt help'
Posted by on 5th October 2009 to Debt News
Nearly half of over-50s in the UK have non-mortgage debt, suggesting the need for free debt help.Figures published by moneysupermarket.com show that the average debt is nearly £7,000, with 22 per...
Borrowers 'must ensure they obtain a reputable debt consolidation loan'
Posted by on 5th October 2009 to Debt Consolidation News
The importance of using a reputable company for a debt consolidation loan has been highlighted by comments made by the head of a leading trade body.John Lamidey, speaking on behalf of the Consumer Fin...
Fall in remortgage deals 'could see rise in people seeking repossession advice'
Posted by on 2nd October 2009 to Debt News
There has been a fall in the number of people remortgaging their homes, which could affect those seeking repossession advice or a debt management plan.Robert Sinclair, director of the Association of M...
Debt management plan holders 'can save by exchanging less currency'
Posted by on 2nd October 2009 to Debt News
Those with debt management plans returning from holiday are bringing home an average of £1.78 billion in unused currency, new figures show.A study conducted by Santander Cards shows that Brits co...
Good debt management advice 'key to overcoming difficulties'
Posted by on 2nd October 2009 to Debt News
Debt management advice could be the key method to help people get out of financial hardships, an expert asserts.Tim Moss, head of loans and debt at moneysupermarket.com, calls for the introduction of ...
DIY home improvements 'could cost debt management plan holders more'
Posted by on 1st October 2009 to Debt News
Debt management plan holders trying to save money by doing home improvements themselves may have to pay more if things go wrong, an expert has warned.Andrew Leech, director of the National Home Improv...
Debt management's importance 'changing saving habits'
Posted by on 1st October 2009 to Debt News
The increasing need for debt management is leading to more people saving their money, an expert has suggested.Andrew Hagger, spokesperson for Moneynet.co.uk, attributed this to the effect of the reces...
Repossession advice 'could be bolstered by new mortgage lender rules'
Posted by on 1st October 2009 to Debt News
Rules requiring mortgage lenders to inform councils before the start of repossession actions in their area are a welcome move for those in need of repossession advice.Catherine Torazzo, speaking on be...
