The Insolvency Service has reported an increase in the number of women who have been declared insolvent from 2000 to 2009. Is this due to poor money management by women? or is this more of a social issue due to the pay inequalities many women face compared to men?
Self Certification mortgages are due to be banned by the FSA, we question whether this will be good for cleaning up the housing market or just a way to discriminate against the people use self-cert mortgages the most: the self employed.
Continue reading the "Is the proposed ban on self certification mortgages a wise move?" »
During early customer market research of people in serious financial difficulty, it became apparent that there was a human tendency to assign the feeling of the burden of debt to an almost imaginary creature that followed you everywhere. It was clear that people regularly used this mental imagery technique as a way of coping. Hence the debt monster which you can tame.
Seemingly well-off people are secretly struggling to manage their debts whilst keeping up appearances within their communities. Is being is debt something people should be ashamed of?
Continue reading the "Secretly poor middle class struggle with debt" »
Do you cringe when you see your phone bill after returning from a holiday abroad? You’re not alone! According to a recent study 22 million British holidaymakers use their mobile phones whilst abroad and many are left with huge bills, which could ultimately turn into huge debts.
OK – I’m being cynical. And, I actually think that yesterday’s budget was pretty firm-but-fair: But, we are all familiar with the law of unintended consequences – and I think there may be one here. I believe that the VAT rise has a very good chance of creating, in 18 to 24 months time, a big increase in the number of people who can’t pay their debts.
Continue reading the "Whoopee! What a great budget for the debt management industry" »
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