British charity Family Action has called on energy companies to help vulnerable families from falling into debt by passing on more of their profits. Chief executive of the trust Helen Dent noted that the organisation is continuously hearing from low-income…
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Britons may find themselves more susceptible to debt as a result of the rising costs related to running cars, it has been revealed. According to Sainsbury’s Finance, the annual expense of keeping a vehicle on the road has risen again,…
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Britons believe that financial security is an essential factor in the decision to start a family, a new report has revealed. According to NS&I – a UK-based savings organisation – 64 per cent of people consider this to be a…
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The option of bankruptcy for those struggling with debt management should be considered a last resort, the government has said. Following proposals to allow people to submit bankruptcy applications online or by post as opposed to in court, Minister for…
The difference between young and old demographics in terms of credit card spending has been revealed in a new study. Conducted by Confused.com, the survey indicated that 77 per cent of those in their early 50s are not concerned about…
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Debtors have been advised to change their habits from spending on credit cards to saving money. Director of motleyfool.co.uk David Kuo remarked upon the fact that more than a quarter of parents currently have no savings or investments to rely…
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The prevalence of debt denial in the UK is a growing problem and one that needs to be addressed. This is the opinion of David Rodgers, managing director of the Debt Advice Foundation – a charity dedicated to the prevention…
Individual voluntary arrangements (IVAs) have been applauded as a better route for some debtors to go down than bankruptcy, which even in these modern times still comes with some stigma attached to it. Insolvency practitioner and director at Vantis Business…
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