Increased fuel bills have driven more and more people in the UK into debt. That is the finding of uSwitch.com, which noted that prices actually decreased last year, but are still far above the level of the beginning of 2008.…
Continue reading the "Rising energy costs ‘creating debt problems’" »
Those facing problems with debt due to unemployment may benefit from signs that “the worst is over”. Research fellow at the Institute for Employment Studies Thomas Usher explained that although any recovery in the jobs market is likely to be…
Britons are likely to see mortgages become more affordable as the country comes out of recession, an expert has noted. Timothy Lambert, head of consulting at Ducalian, explained that that rising interest rates will cause problems for many households in…
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Consumers with debt problems have been warned against trying to raise cash by selling gold jewellery to companies advertising on television. Campaign group Which? explained that its investigation of such firms revealed that much better value can be found elsewhere.…
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People facing debt problems as a result of unemployment may be benefiting from a drop in joblessness. The Department for Work and Pensions (DWP) welcomed the news that the claimant count dropped by 15,000 in December, with the Office for…
Continue reading the "Investment in jobs “making a real difference”" »
Debt problems created by the recession could be contributing to an increase in fraud, as an expert has suggested the economic climate is playing a key role. According to Sarah Blaney, card fraud specialist at insurer CPP, the lack of…
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The potential consequences of only paying off the minimum amount of credit card debt each month should be made clearer to customers. That is the suggestion of moneysupermarket.com, which called for greater information to be provided to those in debt.…
Continue reading the "Credit card customers ‘need to be aware of risks’" »
Consumers are adding to credit card debt by using this form of finance to pay for everyday items, according to a Post Office report. An eight per cent increase on the level recorded in January 2009 means more than 12…
Continue reading the "Credit cards used for day-to-day items, study shows" »
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