The Ministry of Justice has issued a consultation document designed to discover the best ways to help those suffering from debt issues. With an estimated 100,000 to 150,000 people entering debt management schemes each year, justice minister Bridget Prentice commented…
Homeowners are declining to undertake restoration work on their houses during the recession, it has emerged, as a way of potentially preventing themselves from sliding further into debt. However, this decision can possibly lead to them having to spend more…
Indebted people could put themselves at more of an advantage through seeking independent financial advice, new research has indicated. Findings from protection specialist LifeSearch has revealed that 76 per cent of those who sought counsel on money matters were rewarded…
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The continuing postal strikes up and down the UK could have a detrimental effect on those already struggling with debt management, it has been suggested. According to This Is Money, thousands of families and businesses are increasingly at risk as…
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Those suffering from unemployment during the recession and struggling with debt management could find themselves being forced further into debt if they want to continue insuring their homes. Price comparison site Confused.com has issued this warning to consumers who may…
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Paying bills by direct debt as opposed to cash or cheque could help those experiencing debt management problems save some money each month, it has been suggested – which could potentially free up funds to pay back debts. Confused.com’s head…
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Those struggling with debt management are likely to continue experiencing difficulties well into 2010, an industry expert has said, as a result of joblessness and rising prices and interest rates. Chris Tapp, director of Credit Action – a national money…
Continue reading the "Solutions to debt problems ‘are a long way off’" »
Government initiatives to assist people in paying their mortgages – such as the series of advertisements in the press and online to raise awareness of measures in place to help people avoid repossession – has been dubbed “too little, too…
Continue reading the "Government solutions “too little, too late” for struggling homeowners" »
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