The rate at which Welsh consumers are resorting to Individual Voluntary Arrangements (IVAs) is increasing dramatically, according to the latest data from the Insolvency Service. Since 2000, the number of people in Wales entering an IVA on an annual basis…
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The extent to which people in the UK are in debt has been revealed by new research. According to SaveBorrowSpend, there are currently more credit cards in Britain than there are people, with the nation’s current outstanding balance approximately £65…
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The terms and conditions relating to student loans should help young British consumers understand the reality of what it is to spend on credit, according to one expert. In response to news that credit reference agencies will be informed of…
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A new savings initiative unveiled as part of the Budget recently could help some British families avoid increasing their debt management problems, it has been suggested. Under the terms of the so-called savings gateway, the government will make contributions the…
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The Chartered Institute of Housing (CIH) has called for more to be done to tackle the problem of fuel poverty in the UK. With millions of people struggling to become debt free, the latest figures suggest that more than two…
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Citizens Advice has called on the government to do more to help the poorest people living in the UK. The organisation has welcomed commitments within the Budget to raise the child tax credit and child benefits, but is keen to…
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Financial education must be practical and apply clearly to real-life situations, the Personal Finance Education Group (pfeg) has warned. Speaking in light of the government’s recently aired plans to invest in financial education, pfeg director of policy Alastair Mathews said…
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Pensioners who are finding themselves up against debt problems should act swiftly to ensure they are not missing out on any financial support from the state. That is the message from Citizen’s Advice, which is reminding millions of those worst…
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