Plans have been outlined in a newly published white paper in the wake of recent figures from the Consumer Credit Counselling Service (CCCS) suggesting that the country’s debt management burden is increasingly being shifted to older generations. The numbers in…
Continue reading the "Government consults on latest pension reforms" »
With debt management problems continuing to rise nationwide, the DWP is keen to see increased support for parents looking to secure a working wage to support their children. In all, a full £150 million is to be diverted to aid…
Continue reading the "DWP targets childhood poverty" »
With the slight increase in inflation seen in recent weeks, the Alliance Trust Research Centre has claimed that low earners, who could already be searching for a debt management plan, are hit 34 per cent harder by such rises than…
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Finance website Fool.co.uk claims that the increasing popularity of fixed-rate mortgage deals suggests people are worried about the prospect of another rise in the cost of borrowing in the coming months. And any increase in the base rate would add…
Continue reading the "Interest rate rises leaves Brits ‘unsettled’" »
Ads featured in regional newspapers, which do not conform to industry standards on credit promotions and could contribute to the debt management problems of some consumers, have been reduced by 31.5 per cent in the last two years, according to…
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Several hundred millions of pounds are believed to be resting in long-tern unused accounts in the UK and this money could be “reinvested in society” without altering the procedure for reclaiming the relevant cash, the Tresury has suggested. The so-called…
Continue reading the "Treasury’s new plan could ‘aid the indebted’" »
Increased levels of borrowing among consumers, coupled with fewer people saving for their retirement, could see the UK heading for mortgage debt management crisis, suggests Dean Mirfin, business development director at Key Retirement Solutions. An average of £31,000 is owed…
Continue reading the "Over-60s ‘still owe £98m in housing debt’" »
The charity makes clear that thousands of Brits have faced debt management problems as a result of money being demanded back from them by the government after claims that tax credits were paid in error. And the issue ought to…
Continue reading the "Citizens Advice raises tax credit concerns" »