Guests splash out a combined total of £13.8 billion annually on attending nuptial celebrations in the UK at an average of £340, figures released by Churchill Home Insurance has revealed. These amounts include the traditional ‘stag’ or ‘hen’ night, which…
With the UK’s debt management mountain continuing to rise the findings demonstrate that after 14 years of reduction 2005 and 2006 have seen the number of County Court Judgments (CCJs) rise. And as millions of Brits struggle to control their…
However, the Office of Fair Trading (OFT) has disappointed some of those consumers facing debt management concerns by indicating the process will not be complete until towards the end of 2007. Pricing and charging practices among British banks are seen…
Ill-informed decisions about which financial packages to take out and how to handle a debt management problem can often make a bad situation worse, Derek Oakley, from Debt Free Direct, suggests. The personal finance expert also claims that there are…
Continue reading the "Don’t borrow your way out of debt, expert urges" »
And the ongoing efforts by the organisation to stress the need for such a service have been backed up today by a work and pensions select committee report presented to the government. In its latest report, the committee suggests the…
Continue reading the "Resolution Foundation highlights debt concerns" »
Insolvency director at Debt Free Direct Derek Oakley suggests that consumers should be made more aware of the kind of debt advice available to them and stop trying to ignore the reality of their financial circumstance. “There’s a lot of…
Continue reading the "Debt denial ‘causing financial woes’" »
The work and pensions select committee suggests in its latest report that the personal accounts system, which was proposed in a government white paper last December, would need a national financial advice service to ensure its success. However, with millions…
“Urgent action” is required to reduce the number of people in the UK for whom bank accounts, low-interest loans and credit cards are difficult or impossible to access, according to the University of St Andrews’ Professor John Wilson. “Financial exclusion…
Continue reading the "Calls to tackle financial exclusion" »
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