Debt News
Govt crackdown on minimum wage 'could help those with debt problems'
Posted by on 31st December 2009 to Debt News
Those suffering with debt problems could benefit from a government crackdown on companies failing to pay their workers the minimum wage.HM Revenue and Customs has announced that it will be tackling so...
Saving now 'key to avoiding Xmas 2010 debt problems'
Posted by on 31st December 2009 to Debt News
People facing debt problems as a consequence of their festive spending must ensure that they start saving now for next year's Christmas, an organisation asserts.The Citizens Advice Bureau (CAB) and th...
Avoid credit cards 'to minimise debt problems in 2010'
Posted by on 30th December 2009 to Debt News
Among the key tips for those looking to get their finances under control in the new year is to ensure they are not racking up debt with an expensive credit card. Which? magazine has issued advice on h...
NHS Stressline 'to tackle health problems caused by debt stress'
Posted by on 30th December 2009 to Debt News
The Department of Health has announced that it is to start offering a service designed to help tackle the stress related to debt problems. NHS Stressline will offer health advice on issues relating to...
Working after retirement 'can ease debt problems'
Posted by on 30th December 2009 to Debt News
Debt problems are less likely to affect those who have retired if they continue to work part-time, an expert has claimed. Emma Soames, editor at large for Saga Magazine, says that money worries are mo...
4m more adults in debt following Christmas
Posted by on 29th December 2009 to Debt News
New figures show that nearly four million people have entered debt in order to pay for their Christmas celebrations this year.Figures published by insolvency trade body R3 show that nearly six million...
Late 2010 'will put most pressure on those with debt problems'
Posted by on 24th December 2009 to Bankruptcy Advice News
Those with debt problems will be facing the worst of their problems during the second half of 2010, an expert has asserted.Martin Bamford, chartered financial planner for Informed Choice, claims that ...
White-collar workers 'also facing debt problems'
Posted by on 24th December 2009 to Debt News
The risk of white-collar workers being made redundant and facing debt problems has been higher during this recession than in previous instances, an expert has claimed.Phil Flaxton, chief executive of ...
Today marks day when debt victims draw out most cash
Posted by on 23rd December 2009 to Debt News
Today (December 23rd) will be one of the busiest days on record for people's spending, which could concern those with debt problems.Figures published by Tesco Bank show that this will be the most hect...
Debt repayments 'will become more difficult in next 12 months'
Posted by on 23rd December 2009 to Debt News
People will increasingly struggle to meet their debt repayments during the next 12 months, an expert has claimed.Tim Moss, head of loans at moneysupermarket.com, puts this down to the instability of t...
OFT decision 'could hurt those with debt problems'
Posted by on 23rd December 2009 to Debt News
The Office of Fair Trading (OFT) has dropped its challenge against overdraft fees, which could hurt those struggling with debt problems.Martin Bamford, a chartered financial planner for Informed Choic...
Govt 'to scrap bills of sale laws to make debt fairer'
Posted by on 22nd December 2009 to Debt News
The government has announced plans to remove a law that enabled the sale of high-cost loans, which could be good news for those with debt problems.Kevin Brennan, consumer minister, claims that bills o...
UK economy 'shrank 0.2% in the third quarter'
Posted by on 22nd December 2009 to Debt News
New figures from the Office for National Statistics (ONS) have confirmed that the UK remains in recession.The ONS has revised its estimation of growth figures in the three months to September to a con...
Banks 'to thank for low number of repossessions'
Posted by on 22nd December 2009 to Bankruptcy Advice News
Banks should be applauded for the low number of people who need to seek repossession advice, an organisation has claimed.Andy Pratt, chief operating officer at Alexander Hall, claims that lenders are ...
33m could be exacerbating debt problems through poor tax understanding
Posted by on 21st December 2009 to Debt News
Nearly 33 million people in the UK do not understand how taxation works, which could impact on their debt problems.Figures published by Fidelity International show 15 per cent do not know what tax ban...
Fuel bills to rise 33% over the next 10 years
Posted by on 21st December 2009 to Debt News
Those suffering with debt problems could see their fuel bills increase by a third in the next decade, an organisation has warned.Which? has found that poorly-insulated homes face a rise of 35 per cent...
Debt problems 'could lead older people to suffer health problems'
Posted by on 18th December 2009 to Debt News
It is crucial that older people with debt problems do not put their health at risk by failing to put their heating on, an expert has suggested. Yvonne Doyle, regional director of public health for the...
UK mortgage lending level falls to £12bn
Posted by on 18th December 2009 to Debt News
The amount of mortgage debt in the UK fell by ten per cent from October, which could be good news for those struggling with repayments. Figures published by the Council of Mortgage Lenders show that t...
UK economy 'still on a knife edge'
Posted by on 18th December 2009 to Debt News
Unemployment figures show that the economy is currently on a knife-edge, which could concern those with debt problems.Brendan Barber, general secretary of the Trades Union Congress, claims that the re...
Overpaying gas bills 'could hurt those with debt problems'
Posted by on 17th December 2009 to Debt News
Homeowners could be exacerbating their debt problems by paying more than they need to on their gas bills, an expert has advised.Stephen Ratcliffe, energy product manager at beatthatquote.com, warns th...
UK employment market 'showing promising signs for those in debt'
Posted by on 17th December 2009 to Debt News
The employment market in the UK could be beginning to recover from the recession, which could be good news for those worried about their debt problems.Thomas Usher, research fellow at the Institute fo...
Fewer people needing repossession advice
Posted by on 17th December 2009 to Bankruptcy Advice News
The number of people in need of repossession advice is falling, which should receive a cautious welcome, an expert has claimed.Russell Hamblin-Boone, head of communications at the Finance and Leasing ...
Could debt problems be addressed through progressive taxation?
Posted by on 16th December 2009 to Debt News
Those struggling with debt problems could benefit from a more progressive tax system, a leading lobby group asserts.Joe Cox, campaigns organiser at Compass, claims that those with lower incomes curren...
Debt problems 'could be eased if inflation falls early next year'
Posted by on 16th December 2009 to Debt News
Recent rises in inflation are likely to drop off quickly, an expert has suggested, which could be good news for those with debt problems.Vicky Redwood, UK economist for Capital Economics, says that th...
30-to-64 year olds 'will suffer most due to inflation'
Posted by on 16th December 2009 to Debt News
Those aged between 30 and 64 will be hardest hit by this week's rise in inflation, an organisation has asserted.Alliance Trust has analysed the consumption habits of different age groups and found tha...
Expert: Plan spending to avoid new year debt problems
Posted by on 15th December 2009 to Debt News
People who get into debt problems this Christmas could face high fees in the new year if they go over their overdraft limit, one expert has warned.Moneynet.co.uk said that a new year hangover of debt ...
People 'need more debt advice on credit cards'
Posted by on 15th December 2009 to Debt Consolidation News
The majority of people with debt problems do not understand how their credit card payments are allocated, new research has found.Research from Nationwide has found that two-thirds of the credit card c...
Repossession advice: SMI helping those in debt
Posted by on 14th December 2009 to Bankruptcy Advice News
Government schemes are helping those experiencing debt problems from facing the risk of repossession, an organisation has asserted.A spokeswoman for the Chartered Institute of Housing has claimed that...
Debt help: Campaign highlights rights to refund over Xmas
Posted by on 14th December 2009 to Debt News
A leading campaign is highlighting the rights of consumers when buying gifts this Christmas and New Year, which could help those with debt problems avoid unnecessary costs.The Know Your Consumer Right...
Bank offers 'could put people off protecting themselves from future debt'
Posted by on 14th December 2009 to Debt News
Banks are currently removing their best savings accounts, which could reduce the incentive for people to protect themselves against future debt problems.Ed Bowsher, head of consumer finance at lovemon...
32% will lie to their children because of debt problems
Posted by on 11th December 2009 to Debt News
Only one in three people struggling with debt are going to be honest with their children about the fact they are spending less money on Christmas.More than a quarter of these people hope that their ch...
Middle-income earners 'to carry heaviest tax burden'
Posted by on 11th December 2009 to Debt News
Middle-income families with debt problems will lose out the most from the changes brought in through the pre-Budget report, an expert has asserted.Martin Bamford, chartered financial planner at Inform...
Repossession advice: Good communication reduces possessions
Posted by on 10th December 2009 to Bankruptcy Advice News
Mortgage providers are committed to avoiding confiscating properties except as a last resort, which could interest those seeking repossession advice.Michael Coogan, director general of the Council of ...
Pilot to help those with debt problems avoid fuel poverty
Posted by on 10th December 2009 to Debt News
A pilot scheme has been launched which is designed to reduce the number of people in fuel poverty due to debt problems.Commission for Rural Communities and the Rural Services Network (RSN) are spearhe...
Homeowners Mortgage Support scheme extended
Posted by on 9th December 2009 to Bankruptcy Advice News
Those in need of repossession advice are to have the help provided to them by the Homeowners Mortgage Support extended.Communities and Local Government has announced that the scheme will help to suppo...
Entertaining children 'could put pressure on those with debt problems'
Posted by on 9th December 2009 to Debt News
Those struggling with debt problems are spending up to £40 a day on entertaining their children, new research suggests.Figures published by Egg show that three quarters of parents admit that they...
Electricity bills 'could harm those with debt problems'
Posted by on 9th December 2009 to Debt News
Those struggling with debt problems may experience additional financial pressure from planned rises in electricity bills.Ofgem, the energy regulator for the UK, reports that fuel will become more expe...
Middle classes 'to suffer £300 squeeze in income next year'
Posted by on 8th December 2009 to Debt News
The middle-classes could lose up to £300 a year in 2010 due to rises in food and mortgage costs, research suggests.A study by PricewaterhouseCooper (PwC) predicts that, ahead of the pre-Budget re...
Mental health 'often linked with debt problems'
Posted by on 8th December 2009 to Debt News
Mental health issues are often involved in people's debt problems and can make these issues worse, a source reveals.A debt advisor has told the Independent that debt, depression and divorce are regula...
16% to pay for Xmas on a credit card
Posted by on 8th December 2009 to Debt News
One in six people intend to fund their Christmas spending on their credit cards, which could leave more people in debt come the new year.Research by Saga has shown one in four intend to pay off this d...
Smart meters 'could present problems for those with debt problems'
Posted by on 7th December 2009 to Debt News
Families who are suffering with debt problems could be harmed by the introduction of smart meters, an expert has claimed.Maria Wardrobe, director of communications at National Energy Action, asserts t...
Debt problems 'could be helped by low interest rates'
Posted by on 7th December 2009 to Debt News
The recession is leading people to put more money aside and could help them to tackle their debt problems, an expert suggests.Darren Cook, spokesperson for Moneyfacts.co.uk, claims that low-interest r...
Govt 'must do more for those in debt'
Posted by on 4th December 2009 to Debt News
The government needs to do more to help those with debt problems and should enact legislation on this subject, a source reveals.Adrian Coles, director general of the Building Societies Association, cl...
Rental rises in February 'may hit those with debt problems'
Posted by on 4th December 2009 to Debt News
Those suffering with debt problems may face higher rents from next February, an organisation has predicted.Mark Garner, chief executive of LettingZone, claims that there will be a hike in the number o...
People 'cutting back on Xmas spending to avoid debt'
Posted by on 3rd December 2009 to Debt News
Many people are cutting the amount they are willing to spend over the Christmas period, new research has found, which could reduce the number of people in debt.A study by Saga Platinum has found indiv...
Scottish people 'drowning in debt'
Posted by on 3rd December 2009 to Debt News
Many people in Scotland are drowning in debt and this is on the rise, it has been claimed.Susan McPhee, head of social policy at Citizens Advice Scotland, asserts that the poor financial conditions ar...
Understanding finances 'key to tackling debt'
Posted by on 3rd December 2009 to Debt News
The first step for those looking to improve their financial security should be to ensure they create a list of their income and outgoings, an expert asserts.Jill Kerby, writing for The Anglo Celt, sug...
9,300 people a day seeking debt help
Posted by on 3rd December 2009 to Debt News
The number of people in the UK seeking debt help is increasing by more than 9,300 per day, new figures show.Credit Action's UK Debt Statistics report highlights the fact that the Citizens Advice Burea...
Smart meters 'could make bills cheaper for those with debt problems'
Posted by on 2nd December 2009 to Debt News
Every home in the UK will have a smart metre by the end of 2020, which could help those struggling with debt problems to control their fuel bills.The Department of Energy and Climate Change has announ...
Debt advice: Start saving now for next Xmas
Posted by on 2nd December 2009 to Debt News
People looking to avoid debt in Christmas 2010 should ensure they start saving now, an expert has asserted.Andrew Hagger, spokesperson for Moneynet.co.uk, claims that the best tip is to put money asid...
Some gold buying firms 'exploit those with debt problems'
Posted by on 2nd December 2009 to Debt News
Council trading standards officers have warned those struggling with debt problems to avoid gold-buying companies.Councillor Paul Bettison, chairman at council regulatory body Lacors, claims that thes...
Britons 'would rely on debt if out of work'
Posted by on 1st December 2009 to Debt News
Many Britons cannot accurately assess the amount of time they could survive if made redundant and risk debt if they are out of work.Bright Grey's Reality Gap Report has found that most adults could la...
Man seeks repossession advice over £91k debt
Posted by on 1st December 2009 to Debt News
A man has had to seek repossession advice after falling behind on the repayments for his £91,000 debt, a source reveals.Roy Barker tells the Kent and Sussex Courier that he took out the loan to c...
