Daniel Richardson, 22, ran up £30,000 of debt in 30 minutes on his father’s credit card while his parents were away on a long weekend. Blackburn magistrates heard that his father, Stephen Richardson, returned to find an email pointing to…
Continue reading the "Debt dangers of internet gambling exposed" »
It says that with the introduction of top-up fees, students will stay in debt for longer, so the sooner parents start saving towards the future cost of a child’s higher education, the better. Commenting on recent estimates that students currently…
Continue reading the "Parents need to plan ahead to combat increased student debt" »
Experian, the credit monitoring company, has reiterated the impact that being declared bankrupt can have on a person or family, something that needs to be remembered as the numbers using this route grows. “Lenders are increasingly charging higher rates for…
Continue reading the "Effects of bankruptcy means it’s not the easy way out" »
The 360money credit card allows transactions to be viewed online or over the phone, as with most other credit cards, but the prepay system means the consumer is never borrowing or getting into debt, something 360 money says eradicates “nasty…
Continue reading the "Credit card attempts to teach financial discipline" »
George Osborne told the Credit Today conference that an “imaginative solution” was needed to tackle debt problems before lives are destroyed. “The expansion of credit has brought challenges,” warned Mr Osborne. “For some, especially vulnerable families, too much debt can…
Continue reading the "Credit card Britain is on its way, MP says" »
Government figures show that debt levels drove 24,000 to become bankrupt or take out an IVA to manage their debt. Laws introduced in 2002 liberalised the bankruptcy regime, making it easier for people to turn to bankruptcy and IVAs as…
Research by Friends Provident shows that 24 per cent of Britons lack insurance to pay mortgage debt upon their death, leaving their family to pick up the bill. Ian Jefferies, head of protection marketing at Friends Provident, commented on the…
Continue reading the "Mortgage debt can lead to family misery" »
The Conservative MP told a Credit Today conference that there was a “vulnerable” minority of people who had poor debt managementwhich was leading to problems. “For some, especially vulnerable families, too much debt can cause misery and great financial hardship,”…
Continue reading the "Debt misery warning by Shadow chancellor" »
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