Debt News
Low interest rates 'benefiting those with debt problems'
Posted by on 29th January 2010 to Debt News
Those with mortgage debt problems have been the big beneficiaries of low interest rates, an expert has claimed.David Kuo, director of the Motley Fool, claimed that this has left many people with addit...
Car insurance price hike 'could hit those with debt problems'
Posted by on 29th January 2010 to Debt News
Those with debt problems could find themselves struggling, following a seven per cent rise in car insurance premiums during the last three months of 2009.The AA British Insurance Premium Index has rec...
Recession 'has led many to seek debt help'
Posted by on 28th January 2010 to Bankruptcy Advice News
Borrowers may have been spurred into seeking debt help by the recession, an expert has claimed. Pierre Williams, head of research at MoneyExpert.com, claimed that the downturn has shocked many people ...
Debt problems 'will not be immediately helped by economic growth'
Posted by on 27th January 2010 to Debt News
People's debt problems will not improve quickly following the UK's exit from the recession, an expert has claimed.Malcolm Hurlston, chairman of the Consumer Credit Counselling Service, claimed that th...
VAT rise 'could exacerbate debt problems in the new year'
Posted by on 27th January 2010 to Debt News
Those facing debt problems will spend less in the new year due to the reintroduction of the normal rate of value-added tax (VAT).One in two intend to go back to more restrained spending habits, with 4...
Parent's debt problems 'can disadvantage children'
Posted by on 27th January 2010 to Debt News
Parents in debt can affect large numbers of the UK's families, a new report has suggested.A study by the National Equality Panel has highlighted the importance of tackling child poverty due to the dis...
Recession's end 'could be good news for those in debt'
Posted by on 26th January 2010 to Debt News
The recession has ended after a year and a half of economic shrinkage, new figures have shown, which could relieve those with debt problems.Numbers published by the Office for National Statistics have...
FSA 'highlights banks' obligations to those with debt problems'
Posted by on 26th January 2010 to Debt News
New measures have been announced that are designed to protect those who have fallen into arrears with their debt.The Financial Services Authority (FSA) aims for these proposals to ensure that mortgage...
Selling possessions 'symptomatic of debt problems'
Posted by on 25th January 2010 to Bankruptcy Advice News
Those in a situation where they could have to sell their possessions in order to keep their finances afloat are likely to have an underlying debt problem, an expert has claimed.David Rodger, managing ...
People with debt problems 'do not trust banks to treat them well'
Posted by on 25th January 2010 to Debt News
Only seven per cent of British people trust their banks to treat them fairly, those with debt management problems may be concerned to discover.Money.co.uk conducted research that found fewer than one ...
Those with debt problems 'need more support'
Posted by on 22nd January 2010 to Debt News
It is crucial that more support is offered to people with debt problems, an expert has claimed.Rhian Beynon, head of policy and campaigns at Family Action, claimed that the recession is putting pressu...
Fewer people will be able to get in debt following recession
Posted by on 22nd January 2010 to Debt News
People will turn away from getting into debt following the aftermath of the recession, an expert has claimed.Jasmine Birtles, founder of consumer site moneymagpie.com, claimed that the downturn has be...
Cheaper insurance deals 'could help those with debt problems'
Posted by on 21st January 2010 to Debt News
Those struggling with debt problems should try and switch provider to find a cheaper deal rather than losing their insurance, an expert has claimed.Neil Munroe, external affairs director for Equifax, ...
Gold-buyers 'often offer those with debt problems poor prices'
Posted by on 21st January 2010 to Debt News
People with debt problems must avoid selling their gold by mail, as services which offer this option are often bad value, it has been claimed.The results of a Which? Money investigation showed that bu...
Credit card firms 'must offer more debt help'
Posted by on 20th January 2010 to Debt News
Credit card providers must make sure that they offer help to those with debt management problems, it has been claimed.Moneysupermarket.com has highlighted the importance of these companies being compe...
8% rise in those relying on debt to cover living expenses
Posted by on 20th January 2010 to Debt News
Eight per cent more people will be relying on debt to fund their day-to-day living expenses this month, new figures show.Research published by the Post Office shows that 38 per cent will be turning to...
Debt problems could be eased by falls in personal loan rates
Posted by on 20th January 2010 to Debt News
New figures show that the number of people getting into debt with personal loans is falling, with interest for these beginning to drop.Statistics published by moneysupermarket.com showed that the aver...
Cost of living rise 'could hurt those with debt problems'
Posted by on 19th January 2010 to Debt News
People face a rising cost of living that could impact on their ability to cope with debt, it has been claimed.David Kuo, director of Fool.co.uk, claimed that inflation has risen from 1.9 to 2.9 per ce...
Debt problems 'being made worse by wasted spend on mobile contracts'
Posted by on 19th January 2010 to Debt News
People with debt problems are spending far too much on their phone contracts and are wasting much of this money, research has suggested.Figures published by moneysupermarket.com found that the UK spen...
Families in debt 'could face 10% higher winter fuel bill'
Posted by on 19th January 2010 to Debt News
People struggling with debt problems could be forced to pay an additional ten per cent on their energy bills following the recent snow, it has been claimed.Moneysupermarket.com has claimed that £...
Debt fears 'leading couples to put off having children'
Posted by on 18th January 2010 to Debt News
People's fears about debt problems could be causing them to delay having children, new research has suggested.Figures published by Shelter show that 18 per cent of young adults are putting this off ou...
Debt problems 'could be worsened by cold snap'
Posted by on 18th January 2010 to Debt News
Two thirds of homeowners have expressed their concern about the financial repercussions of the recent spate of cold weather, which could be sparked by their debt worries.Figures published by Which? ma...
44% of households 'rely on two incomes to meet debt obligations'
Posted by on 18th January 2010 to Debt News
Problems with debts have lead to 44 per cent of UK households relying on at least two salaries, new figures suggest.Research by Scottish Widows has found that this increases in those families with chi...
Turning to illegal borrowing 'will fuel debt problems'
Posted by on 18th January 2010 to Debt News
The poor availability of credit is meaning that many people are turning to illegal moneylenders, which is making their debt problems worse.Faisel Rahman, board member of charity Debt on our Doorstep, ...
Blue Monday 'can highlight debt problems'
Posted by on 18th January 2010 to Debt News
Today (January 18th) is known as the most unhappy day of the year for a number of reasons, including the fact that this is the day most people feel overwhelmed by their debt.Simon Read, writing for th...
Low mortgage rates 'good news for those with debt problems'
Posted by on 15th January 2010 to Debt News
Those with debt problems have benefited from a reduction in mortgage rates, it has been claimed.Figures published by Moneyfacts.co.uk show that this advantage could allow people to pay off more of the...
Cold weather 'impacting on those with debt problems'
Posted by on 15th January 2010 to Debt News
More support must be given to help those with debt problems avoid suffering during the cold weather, a thinktank has claimed.The Institute for Public Policy Research claims that the deaths predicted t...
People with debt problems 'could be hit by rising food prices'
Posted by on 15th January 2010 to Debt News
Those struggling with debt problems could be hit by rising food prices if a supermarket ombudsman is introduced, an expert has claimed.Richard Dodd, head of media and campaigns at the British Retail C...
Recession 'may not change borrowing habits'
Posted by on 14th January 2010 to Debt News
People have become no more likely to pay off their debts quickly due to the recession, an expert has claimed.Chris Tapp, director of Credit Action, claimed that Britain is continuing to enjoy its love...
Rising cost of living 'leaves retirees facing debt'
Posted by on 14th January 2010 to Debt News
Those in retirement are increasingly entering debt as their incomes are falling beneath the cost of living, new figures show. Research by MGM Advantage reveals that there is approximately a £429 ...
Loyalty to banks 'can make debt harder to repay'
Posted by on 13th January 2010 to Debt News
Those looking to alleviate their debt problems by signing up to the best financial deals should not feel loyal to their bank, an expert has advised.David Black, banking specialist at research firm Def...
Identifying debts 'is first step to tackling them'
Posted by on 13th January 2010 to Debt News
Working out how much a person owes is the first step to tackling this debt, an expert has claimed.Steve Bucci, president of Money Management International Financial Education Foundation, recently told...
Debt management plans 'must be realistic'
Posted by on 12th January 2010 to Debt News
Those who have borrowed on a credit card must make sure they develop a realistic plan for repaying their debt, it has been claimed. Moneysupermarket.com warned that the nine million people who have pa...
Splurging in the sales 'can make debt problems worse'
Posted by on 12th January 2010 to Debt News
Those with debt problems need to be more constrained in the January sales, as approximately £2 billion has been spent on items considered to be a 'waste of money', research suggested. A study by ...
One in four parents 'anxious about financial security'
Posted by on 11th January 2010 to Debt News
A quarter of parents worry about their financial security which could show an anxiety about debt problems, an expert has claimed.Figures published by Scottish Widows show that 32 per cent feel they ar...
Homeowners 'using credit cards to meet mortgage repayments'
Posted by on 11th January 2010 to Debt News
New research shows that over one million people in Britain use credit cards to pay for their mortgages and rent.Figures published by Shelter have shown four per cent have resorted to borrowing to pay ...
Majority make money-based resolutions including tackling debt
Posted by on 8th January 2010 to Debt News
The majority of those making New Year's resolutions have committed to doing something money-related, new research suggested.Figures published by Which? magazine found 56 per cent took this course of a...
John Healey: Tackle your debt problems this year
Posted by on 8th January 2010 to Debt News
People should make a new year resolution to tackle their mortgage worries and overcome their debt problems, the housing minister has claimed.John Healey advised people take control of their finances i...
Bank of England 'holds interest rates at 0.5%'
Posted by on 8th January 2010 to Debt News
The Bank of England has maintained interest rates at 0.5 per cent, which could be good news for those with debt problems.In addition to the Monetary Policy Committee's decision to allow this to remain...
People 'tackling debt problems while interest rates stay low'
Posted by on 7th January 2010 to Debt News
Low interest rates are inspiring many people to try and pay off as much of their debt as they can, it has been claimed. Ed Bowsher, head of consumer finance at advice site lovemoney.com, claims that s...
Couples remain living together after break-ups 'due to debt'
Posted by on 7th January 2010 to Debt News
One in four separated couples are being forced to stay in the same house together because of the downturn, partly due to the fear of debt. Research by Easyroommate.co.uk has found that two thirds cont...
Paying off debt 'big new year resolution this year'
Posted by on 6th January 2010 to Debt News
Among the most popular new year resolutions this year has been the commitment to get out of debt, new research has shown.Figures published by social network CitySocialising found 16.2 per cent of Brit...
UK personal debt grows 0.7% in November
Posted by on 6th January 2010 to Debt News
Personal debt at the end of November reached £1,459 billion for the UK, a year-by-year growth of 0.7 per cent.Total lending rose by £1.1 billion, with secured borrowing rising by £1.5 b...
People's financial confidence 'falling'
Posted by on 6th January 2010 to Debt News
Consumer confidence has fallen to its lowest level since November 2008, which could be due to people's debt problems weighing on their minds.Figures published as part of the Nationwide Consumer Confid...
Boiler scrappage scheme 'could help those with debt problems'
Posted by on 5th January 2010 to Debt News
The government has announced a new scheme designed to reduce people's fuel bills, which could help those with debt problems.As of today, the boiler scrappage scheme will allow those with G-rated boile...
New year 'key period to get debts under control'
Posted by on 5th January 2010 to Debt News
It is crucial that people get their debt under control in the new year to prevent themselves struggling, an expert advises.Beccy Boden-Wilks, debt advice expert at the National Debtline, tells the Dai...
Young people 'must receive help with debt problems'
Posted by on 5th January 2010 to Debt News
Steps need to be taken to help young people cope with the emotional consequences of debt problems, a charity has claimed.Sarah Brennan, chief executive of YoungMinds, claims that the poor employment s...
People 'increasingly borrowing through secured credit'
Posted by on 4th January 2010 to Debt News
The majority of lenders have increased the availability of secured credit to UK householders, a new survey has found.Figures published by the Bank of England have found that the three months to Decemb...
People in the UK 'managing their debt better'
Posted by on 4th January 2010 to Debt News
People in the UK are paying back an unprecedented amount of their unsecured credit in an effort to address their debt problems, new figures show.Research published by Santander Cards has revealed that...
