Tessa Jowell stated that regulations will benefit consumers while offering help to those whose addiction spirals out of control and leads to a massive debt. One proposal to help people tackle their debt problems is to allow them to sign…
Continue reading the "New gambling bill to include debt help" »
One company alone has seen a 245 per cent increase in IVA use in the past year as more and more people take it as an alternative to the more damaging effects of bankruptcy. Charles Howson, chief executive of Accuma…
According to the Debt Counsellors, credit card debt accounts for 91 per cent of people’s “serious debt problems”, as Britain’s total credit card debt for the end of September stood at £55.6 billion. “It’s clear that credit card debt is…
Continue reading the "Most money problems ‘from credit card debt’" »
Linking up with the Financial Services Authority (FSA), Teachers’ TV will show the Financial Capability programme to build up confidence in money matters for educators and to aid teaching of personal finance. Commenting on the launch of the new series,…
Government figures are said to show that the consumer price index (CPI) has increased by this proportion due to mounting bills and higher taxes, affecting the amount of disposable income consumers have to repay debt. Mark Till, marketing director at…
Continue reading the "Better planning needed as cost of living rises" »
According to the website, this could even translate into nearly £6,000 of annual savings, such as through the intelligent management of credit card debt. “A family with a typical financial portfolio could save £967.35 in time for Christmas, or £5,646.11…
In the Sesame survey, women aged over 35 owed on average £8,219 while their male counterparts only owed £3,436, yet 57 per cent of women admitted to being ashamed about the amount they owe. Alastair Conway, head of customer propositions…
According to moneyfacts.co.uk, users who repay their credit card debt can gain some benefits, yet others are paying interest. “As the problem of indebtedness in the UK worsens, every day we either see advertisements in the press for the ‘best…
Continue reading the "Credit card users told to ‘be savvy’" »
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