It fears that some people are living lavish lifestyles thinking that they can have debt wiped out as a bankrupt, when in reality the consequences could affect them for as long as 15 years. To highlight its point, the Insolvency…
Continue reading the "Insolvency Service warns over bankruptcy" »
John Borgars of Equity Development claims that the households would be unable to cope if they were hit by unexpected illness, injury or redundancy. “For the last eight years, Britons in aggregate have been spending more than they earn resulting…
Continue reading the "2 million ‘on financial knife-edge’" »
The campaign group, Debt on Our Doorstep, wants to see a limit put on the credit interest to ensure that those people being targeted, often the most vulnerable members of society, do not fall even deeper into debt. Interest on…
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Encouragingly, many people would be happy to shun life in the fame limelight if they could guarantee themselves a place on the property ladder, getting by financially and achieving equilibrium between work and life. Produced by Churchill, managing finances and…
Bad debt charges rose from £22.5 million to £44.5 million, but the company was still able to increase its profit growth target by five per cent. Its chief executive, Adam Applegarth, pointed the finger at the change in UK bankruptcy…
According to John Borgars of Equity Development, many firms set up to help people clear debt charge fees which can add to their problems. He praised ClearDebt for its affordability, in contrast to firms such as Loanmakers, which collects a…
Price comparison website uSwitch has criticised lenders for dropping monthly minimum repayments to as little as two per cent of the balance, arguing that this makes borrowing more expensive in the long-term. Nick White, head of personal finance at uSwitch,…
Continue reading the "“Unjustifiably low” repayments will not clear debt" »
High levels of student debt mean that the majority of graduates are increasingly sceptical of their chances of getting on the property ladder. The need to clear debt before saving up for a deposit means that more than a third…
Continue reading the "Struggle to clear debt keeps graduates from housing ladder" »
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