And the ongoing efforts by the organisation to stress the need for such a service have been backed up today by a work and pensions select committee report presented to the government. In its latest report, the committee suggests the…
Continue reading the "Resolution Foundation highlights debt concerns" »
Insolvency director at Debt Free Direct Derek Oakley suggests that consumers should be made more aware of the kind of debt advice available to them and stop trying to ignore the reality of their financial circumstance. “There’s a lot of…
Continue reading the "Debt denial ‘causing financial woes’" »
The work and pensions select committee suggests in its latest report that the personal accounts system, which was proposed in a government white paper last December, would need a national financial advice service to ensure its success. However, with millions…
“Urgent action” is required to reduce the number of people in the UK for whom bank accounts, low-interest loans and credit cards are difficult or impossible to access, according to the University of St Andrews’ Professor John Wilson. “Financial exclusion…
Continue reading the "Calls to tackle financial exclusion" »
A recent poll carried out by Ciao covered 1,000 British adults and revealed that around 83 per cent of those asked suggested they were worried that their children would eventually find themselves facing debt management trouble. The findings have been…
Continue reading the "Financial worries ‘too often a taboo subject’" »
Saving money for their children is proving increasingly difficult for the growing number of single parents across the country, the financial services provider makes clear. And in comparison with married parents, lone mothers or fathers are able to put away…
Continue reading the "Single parents ‘struggling financially’" »
Debt management problems among millions of consumers have seen banks losing profits to bad debt in recent years and the so-called crackdown is seen as a direct response. Over the course of the last six months, more than 2.8 million…
Continue reading the "Bad debt sees credit card lenders ‘get tough’" »
Plans have been outlined in a newly published white paper in the wake of recent figures from the Consumer Credit Counselling Service (CCCS) suggesting that the country’s debt management burden is increasingly being shifted to older generations. The numbers in…
Continue reading the "Government consults on latest pension reforms" »
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