Mr Sampson points to the growing number of people approaching his organisation for advice and information on the home repossessions process to substantiate his claim. “In the last six months we have seen the number of people clicking on the…
Continue reading the "Shelter fires repossessions warning" »
The Insolvency Service has revealed that in the year ending March 31st 2007 there were 113,089 people who opted to declare themselves bankrupt or enter into an Individual Voluntary Arrangement (IVA) in the UK. Additionally, the service noted that there…
Continue reading the "Personal insolvencies up 23% in a year" »
Inflation rises and the ongoing growth in property markets around the UK will see the bank increase its base rate of interest to 5.5 per cent, suggests director of housing at Legal & General, Stephen Smith. “With inflation running away…
Continue reading the "Bank set to “turn the screw on borrowers”" »
With debt management difficulties mounting up for millions of people around the country, the financial comparison service has discovered that close to 2.29 million banking customers have changed their service providers over the course of the last three months. “Current…
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over the course of the last three months will set a new record. The official figures, which are due for release this week, could show that more than 30,000 people have opted for this kind of debt solution during a…
“We are really financially illiterate today”, Glen Bullivant, vice president of the Institute of Credit Management, claimed at a recent event hosted by IVA.co.uk to address some of the issues surrounding Individual Voluntary Arrangements (IVAs) and spiraling debt management difficulties…
Continue reading the "UK consumers “financially illiterate”" »
Recent research published by Scottish Widows claims that the rising levels of personal debts across the country mean that 3.5 million families with children are reliant upon a consistent income from two parents. Additionally, the average British family with two…
Continue reading the "Mums ‘forced to work due to debt fears’" »
Recent figures from Engage Mutual show that Britons aged under 25 are now more likely to take out a mortgage at a younger age than was the case for their grandparents, despite house prices nationwide continuing to increase. Much of…
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