Debt News
Petrol price rise 'could hit drivers in debt'
Posted by on 30th November 2009 to Debt News
Recent hikes in petrol prices could hit those struggling with debt problems, new research suggests.A study by uSwitch.com has found that the cost of fuel is due to rise by 15 per cent, which could hit...
One in five 'face debt this Christmas'
Posted by on 30th November 2009 to Debt News
People could become increasingly mired in debt this Christmas, as one in five admit they have no savings to fall back on during the expensive festive season.A study by Abbey Savings has found that a t...
People 'are reducing their debt levels'
Posted by on 30th November 2009 to Debt News
People have been paying back more of their debts and the total amount of consumer credit has fallen, new figures reveal.Statistics published by the Bank of England show that the total amount of person...
Many families 'still in debt from last Xmas'
Posted by on 30th November 2009 to Debt News
One in ten families are still paying off the debt they got into last Christmas time, new figures suggest.Research by Money.co.uk has found that 14 per cent will get through the festive season by borro...
Lack of bank charge refunds 'will impact on people's debt problems'
Posted by on 27th November 2009 to Debt News
People in financial difficulties who were depending on getting their bank charges refunded have a bleak outlook, a leading consumer advice group warns.Peter Vicary-Smith, chief executive of Which?, sa...
Everyday bills 'must not be forgotten during Xmas'
Posted by on 27th November 2009 to Debt News
People struggling with debt problems over the festive season should ensure they do not forget to factor in their everyday bills, a manager of the Coatbridge and Airdrie Citizens Advice Bureau has warn...
Many seeking repossession advice 'through no fault of their own'
Posted by on 26th November 2009 to Bankruptcy Advice News
Those struggling with debt problems are usually seeking repossession advice through no fault of their own, an expert has suggested.Michael Coogan, director general of the Council of Mortgage Lenders, ...
Water prices 'could still be difficult for those with debt problems'
Posted by on 26th November 2009 to Debt News
While Ofwat has announced that water prices will remain stable, falling by £3 by 2015, those finding it difficult to cope with their bills are unlikely to get much relief from this deal.Dame Yve ...
Supreme Court decision 'will impact on those in debt'
Posted by on 26th November 2009 to Debt News
People having difficulties with debt problems will not be able to claim back their overdraft charges following a decision by the Supreme Court.The UK's highest court ruled that the Office of Fair Trad...
Telephone scams 'often target those in debt'
Posted by on 25th November 2009 to Debt News
A new telephone scam is targeting those who are struggling with debt problems and a warning has been issued against handing over personal details to these organisations. Equifax has highlighted the im...
Expert: More people are becoming worried about debt
Posted by on 25th November 2009 to Debt News
There has been a rise in the number people who are worried about the state of their finances and debt, a commentator suggests.Chris Tapp, director of Credit Action, claims that more people need access...
Reading residents 'increasingly seeking bankruptcy advice'
Posted by on 24th November 2009 to Bankruptcy Advice News
The number of people seeking bankruptcy advice in Reading has risen by 50 per cent in the last 12 months, new figures show.Paul Ellison, director at accounting firm Tenon Recovery, tells getreading.co...
Debt problems 'due to people overstretching themselves'
Posted by on 24th November 2009 to Debt News
People have increasingly overstretched themselves and are now suffering from the consequences of their debt problems, a commentator asserts.Financial Advice warns that many people who have borrowed on...
Debt worries 'could lead to health problems'
Posted by on 24th November 2009 to Debt News
People's debt worries and financial difficulties could be damaging their physical health, a new study has shown.A report by CreditExpert reveals that some physiotherapists have been seeing a spike in ...
34% of British people worry about their debt levels
Posted by on 23rd November 2009 to Debt News
More than a third of British people believe that they are borrowing too much compared to the amount they earn, a source reveals.A study due to be published later this month by Janus Research will show...
Many seeking bank charge refunds 'will use this money to pay off debt'
Posted by on 23rd November 2009 to Debt News
Two fifths of those filing claims against unfair bank charges intend to use any money they get back to pay off their debts, a new study suggests.Research by Which? magazine has found that 41 per cent ...
UK's economic future 'uncertain due to high personal debt'
Posted by on 23rd November 2009 to Debt News
People struggling with debt problems should be worried about the UK's future, as its economy is still "shaky", a commentator has claimed.Cliff D'Arcy, writing for Love Money, warns that peop...
Repossession numbers 'on the rise'
Posted by on 20th November 2009 to Debt News
The number of people in need of repossession advice is on the increase and due to rise further in the next 12 months, a commentator asserts. Cliff D'Arcy, writing for Lovemoney.com, warns that those ...
Low earners 'should be given more help to avoid debt problems'
Posted by on 19th November 2009 to Debt News
Low earners with debt problems are more likely to have been affected by the recession and the government should do more to help them, an expert has claimed.Carolyn Jones, director of the Institute of ...
Expert: Access to finance will continue to be limited
Posted by on 19th November 2009 to Debt Consolidation News
People with debt problems should seek help soon, as one expert has predicted access to credit will continue to be hard to secure for a number of months.Credit checking service Experian said that the U...
Expert: Get debt help before filing for bankruptcy
Posted by on 19th November 2009 to Bankruptcy Advice News
People need to seek debt advice before they file a bankruptcy order as its suitability depends on each person's circumstances, an expert has said.A representative for the Consumer Credit Counselling S...
A BBC programme has highlighted the importance of going to a reputable firm for debt management help, rather than seeking the services of a loan shark.
Posted by on 18th November 2009 to Bankruptcy Advice News
Speeding up the bankruptcy process by allowing people to do it online 'makes sense' as it will help those with debt problems more rapidly, an organisation has claimed.The Consumer Credit Counselling S...
Rising car costs could lead more people to seek debt help
Posted by on 18th November 2009 to Debt News
More people may need debt advice as the cost of running a car is rising, according to new figures.Research from Sainsbury's Finance found that the cost of motoring is increasing by 2.68 per cent a yea...
Online shopping 'can be cheapest this Christmas'
Posted by on 18th November 2009 to Debt News
People with debt problems should shop online for their Christmas presents, as new research has shown that hundreds of pounds can be saved.The findings from consumer advice company Which? discovered th...
Research: More Britons willing to haggle over prices
Posted by on 17th November 2009 to Debt Consolidation News
The recession has led to people being more savvy with their money and more than half are now not afraid to haggle over the price of items, new research has found.A survey from financial company MGM Ad...
Repossession advice 'key for those in financial difficulties'
Posted by on 16th November 2009 to Bankruptcy Advice News
It is crucial for those facing financial difficulties to get repossession advice, an industry expert asserts.Dawn Trigg, chief executive of Burton's Citizens Advice Bureau, tells the Burton Mail that ...
Improving tax efficiency 'could help those with debt problems'
Posted by on 16th November 2009 to Debt News
A new study has highlighted the high levels of confusion among UK citizens about tax, which could make things worse for those with debt problems.Research by Fidelity International has found one in sev...
24% hide their debt problems from friends and family
Posted by on 16th November 2009 to Debt News
Nearly one in four people is hiding the fact they are in debt from their partners, friends or family, a source reveals.Figures published by AXA show the average amount borrowed is £4,096.32, the ...
Bankruptcy advice: Online applications could soon be allowed
Posted by on 13th November 2009 to Bankruptcy Advice News
New proposals which could allow those who have received bankruptcy advice to file the paperwork online or through the post have been outlined by the government.The Insolvency Service reports that the ...
Mortgage repossession figure rise 'lower than expected'
Posted by on 13th November 2009 to Bankruptcy Advice News
The number of new mortgage repossessions has not risen by as much as was anticipated, new figures show.Brendan Barber, general secretary of the Trades Union Congress, claims that the government has su...
Credit card and debt attitudes 'vary between age groups'
Posted by on 12th November 2009 to Debt News
Attitudes towards spending on credit cards vary between age groups, but it is important that everybody focuses on paying off their debt, a new study suggests.Research published by Confused.com has fou...
People 'must learn to avoid debt'
Posted by on 12th November 2009 to Debt News
People are going to need to learn how to avoid getting into debt, an expert has claimed.David Kuo, director of motleyfool.co.uk, has asserted that individuals must change their mentalities about savin...
Growth of household debt 'led to the credit crunch'
Posted by on 12th November 2009 to Debt News
Growing levels of household debt contributed to the financial crisis, a new report has claimed.Research published by the Trades Union Congress (TUC) reveals that this grew from 45 per cent of income i...
Majority of British people worried about financial problems
Posted by on 11th November 2009 to Debt News
The stress of mounting debts is leading many British people to take time off work or to become less productive on the job, a new survey finds.New research from AXA showed that more than 80 per cent of...
UK people concerned about poor credit rating
Posted by on 11th November 2009 to Debt News
Many people are concerned that their debt problems will lead to them being rejected by credit card companies and a poor credit rating.Research from Confused.com found that 40 per cent of people from t...
Savings run dry as parents struggle with debt
Posted by on 11th November 2009 to Debt News
A quarter of parents do not have savings they can rely on in an emergency, as many have used them to meet their basic costs of living.New research by Abbey Savings has found that 28 per cent have no n...
Expert: Insolvency figures are unbelievably frightening
Posted by on 11th November 2009 to Bankruptcy Advice News
The recent insolvency figures are "unbelievably frightening" as the boom of credit takes its toll on the UK, one expert has said.Nick O'Reilly, insolvency practitioner and director at Vantis...
New debt management advice sessions launched
Posted by on 10th November 2009 to Debt News
Older people in the East Midlands will be given debt management advice at upcoming sessions in the area.Pensioners are being invited to two events, on November 11th and 18th, which will teach them abo...
Report: Credit card charges will rise in 2010
Posted by on 10th November 2009 to Debt Consolidation News
People who have not consolidated their personal debts could find the cost of their credit cards increases next year.A new report from PricewaterhouseCoopers (PwC) has warned that 31 million credit car...
1 in 3 credit card holders 'do not expect to pay off debt in 6 months'
Posted by on 9th November 2009 to Debt News
New research reveals that 30 per cent of credit card users do not plan to repay their balance in the next half year.Figures published by moneysupermarket.com suggest that these borrowers could face es...
Personal insolvencies 'have reached 35,243'
Posted by on 9th November 2009 to Bankruptcy Advice News
In July, August and September, a total of 35,243 individuals entered insolvency in England and Wales.New figures published by the Insolvency Service found this was an increase of 28.2 per cent on the ...
Number seeking bankruptcy advice 'could exceed 30,000'
Posted by on 6th November 2009 to Bankruptcy Advice News
The number of people seeking bankruptcy advice is expected to reach over 30,000 when figures are released later today.Alec Pillmoor, head of personal insolvency at Baker Tilly, tells the Guardian that...
Loan sharks 'make debt problems worse'
Posted by on 5th November 2009 to Debt News
A new campaign is warning those struggling with debt management to avoid loan sharks.The initiative, which is being run by Community Housing Cymru (CHC), will raise awareness of the risks people are e...
People 'will focus on debt problems more after Christmas'
Posted by on 5th November 2009 to Debt News
People are more likely to focus on debt management once Christmas has passed, a commentator asserts.Mark Potter, writing for Reuters, claims that people's current optimism about the economy is unlikel...
Shelter: Repossession rates to soar
Posted by on 4th November 2009 to Bankruptcy Advice News
More people are likely to need debt help advice after a leading Scottish charity predicted the country will see repossession rates soar.Homeless charity Shelter Scotland said that there has been a 20 ...
OFT to review debt management companies
Posted by on 4th November 2009 to Debt News
The Office of Fair Trading (OFT) is to review the debt management industry and levels of compliance within it.A number of different areas will be looked at by the government department, including adve...
Families given cash boost after benefits change
Posted by on 3rd November 2009 to Debt News
Families who get child benefit could receive an extra £1,000 a year after changes from the Department for Work and Pensions.A new system introduced by the government department means income from ...
