Many households could be plunged further into the debt management mire when their pre-payment metre is assessed in line with increased pricing criteria of which they were unaware, Citizens Advice has suggested. Energywatch is also concerned by the recent failure…
Continue reading the "Energy providers slammed over ‘back-charging’" »
Barclays Bank has got behind the so-called Financial Inclusion Partnership Project, which will promote the exchange of best practice and aim to build useful operating collaboration between the credit unions and CAB. In a number of instances in England and…
David Kuo, head of personal finance at fool.co.uk, claims many people could find themselves deeper in credit card debt as a result of “sneaky” practices employed by certain providers. “I think credit card companies are just trying to find sneaky…
Continue reading the "Credit providers ‘aiming to catch out consumers’" »
In a recent speech outlining the broad plan of action aimed at tackling the prevalence of debt management concerns nationwide, Mr Balls suggested ten per cent of families in Britain have their financial situations worsened due to a lack of…
This figure is based on the premise that around ten per cent of low earning Brits take action on the debt advice they receive at a national finance service as is planned by the government. In addition, the Resolution Foundation…
Continue reading the "National advice service ‘would slash debt figures’" »
The debt advice charity was granted access to £33 million from the fund to support its activities in England and Wales and the organisation suggests its extension demonstrates a commitment within the government to helping those with serious debts. And…
Continue reading the "Citizens Advice welcomes new funding plan" »
The money education charity suggests the problem of the UK’s rising debt mountain – now standing at in excess of £1.3 trillion – is behind the 300 or so insolvency declarations among the public each day. And with Britain becoming…
The One Stop Money Shop was perceived to have fallen foul of Consumer Credit (Advertisements) Regulations (CCARs) and after meeting with OFT representatives has agreed to alter its advertising strategy in the interest of clarity. With debt management problems prevalent…
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