Writing in his column in the Daily Telegraph, Andrew O’Hagan said that figures showed that the number of families with Individual Voluntary Arrangements (IVAs) had risen from 5,000 in 2002 to 40,000 this year. “This is the wider issue thrown…
Continue reading the "Debt management ‘needed in schools’" »
Financial advice website moneysupermarket.com states that people seeking to transfer their credit card debt could risk ending up paying higher interest rates if they are refused. “Our research shows Brits face a bit of a gauntlet when dealing with the…
Continue reading the "Warning over credit card applications" »
Alliance & Leicester’s report states that even when excluding mortgages, the average divorcee ends up with £4,984 of debt and is also likely to have no savings left. Findings also indicate that those preparing for a divorce would also benefit…
According to the National Debtline, rise in demand for debt advice is mirroring Britain’s mounting financial problems. “Most people’s finances are in quite a parlous state by the time they get to us. It’s not uncommon for a caller to…
According to MoneyExpert, people looking to transfer their debt with a BT to take advantage of zero per cent interest offers could be paying as much as £300 for the deal. “Playing your cards right is becoming more and more…
Sir James Perowne, chairman of the Consumer Council for Water Midlands, said that this sum is a 6.5 per cent increase in debt more than 12 months old compared to last year. “This news is not surprising, particularly as household…
Vincent Cable, the Liberal Democrats’ financial spokesman, said that while banks may have been lending to the wrong people, the government had a role to play in sorting out problems. “The government’s response to the debt crisis is to snipe…
Continue reading the "Government urged to lead on tackling debt" »
The Debt Counsellors claims in its new study that UK debt stands at £1.25 trillion and a sudden drop in income, such as the loss of overtime or ill health, is a major cause of this problem. John Porter, a…
Continue reading the "Debt growing at £15 million per hour" »
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