Retired and unemployed debt-worriers have seen their debt rise in the last five years, as a proportion of income. Employed and self-employed people had less of a debt burden in 2010 than they did in 2005.
Unemployed debt rising fast enough to prove a real burden when they re-enter employment.
Continue reading the "Unemployed debt rising fast – may pose problems for recovery" »
In 2010 only in Britain’s poorest households did the unsecured debt/take home pay ratio rise. Data from ClearDebt sample of more than 59,000 people with debt worries.
Continue reading the "2010: unsecured debt amongst poorest households goes up" »
Negative equity is a big problem for Britain’s highest earning debt worriers and fewer people can rely on adding to their mortgage to fund credit card debt.
Spending more than you earn is the quickest route to misery – so said Dicken’s character Mr Micawber – we look at people with debt worries and the numbers that can’t make ends meet.
Continue reading the "The Micawber Principle – Who owes more than they can repay?" »
The Insolvency Service recently published annual statistics for the period 2000 to 2009, covering bankruptcies, debt relief orders (DROs) and Individual Voluntary Arrangements (IVAs) in England and Wales by geographical areas. Using an interactive motion chart, ClearDebt have republished this data to display the evolution of personal insolvencies by district.
ClearDebt, the AIM listed IVA provider, today comments on the smaller than expected rise in the number of IVA’s registered in the final quarter of 2006.
Continue reading the "ClearDebt Comments on Insolvency Figures" »
To enable use of cookies, you must agree to our cookie policy
We use necessary cookies to make our site work. We also would like to use analytics cookies which help to make improvements by measuring how you use the site. These will be set only if you consent and click agree.
Necessary Cookies: These cookies enable core functionality, such as security, network management and accessibility. You may disable these by changing your browser settings, this will effect how this website works and how you can use it.
Analytics Cookies: We’d like to set Google Analytics cookies to help us improve our website site by collecting and reporting information on how you use it. The cookies collect information in a way that does not directly identify anyone. For more information on how these work please read our Cookie Policy.
