Britain’s indebted children are relying on their parents as a debt solution, according to the latest research from MoneyExpert.com. Some 40 per cent of parents have been called upon to offer their children some form of assistance with their debts,…
National money education charity Credit Action has called for greater financial education to help people with debt management or to stay debt free. The organisation’s deputy director, Chris Tapp, said that while further regulation is not necessarily the way to…
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Individual voluntary arrangements (IVAs) give consumers who have struggled with debt an opportunity to start again, according to the Insolvency Practitioners Association (IPA). The IPA has said that the arrangement between debtors and creditors as a debt solution is a…
Consumers have been advised by an industry expert to keep an eye on their credit report in the wake of the credit crunch. Jim Hodgkins, managing director of CreditExpert.co.uk, has said that it is important those who are not debt…
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Prepaid credit cards can help people stay debt free, according to Tuxedo, a company that offers such a product to the market. One of the benefits of using such a card is that no debt is taken on, according to…
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There are risks associated with spread betting as with any other form of trading, according to the chairman of a bet broker and clearing house. Wayne Lochner, chairman of Betbrokers, said that there will always be people that struggle as…
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Hobbyists across Britain are managing to avoid the need for debt management to enjoy their favourite pastimes, according to research from Friends Provident. The firm found that while around one in ten (nine per cent) of people spend more than…
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The Office of Fair Trading (OFT) has welcomed the news that HSBC is to offer information about going into debt through an overdraft at its ATM machines. A spokesperson for the OFT said that the information, which could help people…
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