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…
Hardships felt by people as a result of the downturn are expected to continue, despite reports of an imminent recovery, it has been suggested – an indication to debtors that their financial worries could be prolonged. Beccy Boden Wilks, a…
Continue reading the "“Human experiences of the recession” expected to continue" »
Indebted people could find it harder to take out low-cost loans now than during the same time a year ago, it has been suggested. Research by uSwitch.com revealed that there are fewer loans available to consumers than there were 12…
Continue reading the "Opportunities for loan consolidation ‘reduced’" »
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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An independent voluntary arrangement (IVA) has been suggested as a good way for indebted people to strengthen their financial positions. According to the Daily Mirror, 30,000 people began bankruptcy proceedings between April and June of this year, indicating that debt…
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…
Continue reading the "Debtors ‘at increased risk’ due to postal strikes" »
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…
Continue reading the "Unemployment could ‘hike up’ insurance premiums" »
The working population are so afraid of being made redundant during the recession – and possibly risk sliding into debt – that they are continuing to work regardless of how ill they feel. This is what has emerged as a…
Continue reading the "Debt fears mean ‘the end of the sick day’" »
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