Inflation officially stands at 2.4 per cent, but the Capital Economics research found that debt management for poor people is harder due to rising living costs. According to the study, pensioners’ costs rose by 8.9 per cent in the 12…
The study shows that more than a third of people aged over 65 living on the lowest household incomes saw a tenth of their income eaten up by fuel bills. Over a quarter of pensioners said that paying council tax…
In this scheme, which ClearDebt believes is unique in the industry, the debtor’s monthly IVA contributions can be claimed for up to 12 months should a debtor be unable to work due to an accident, illness or involuntary unemployment. “Our…
In the Tesco Personal Finance survey, 22 per cent of respondents said that they were worried about their Christmas debt management, with only a third feeling optimistic about their yuletide spending. “It could be that as we move into autumn,…
According to Cooperative Insurance, 82 per cent of the younger generation have savings of some form, but 42 per cent do not consider pensions and planning for the future to be a necessary part of debt management. David Newman, director…
Continue reading the "Youngsters becoming more astute with money" »
Mervyn King told the Treasury select committee that credit card debt and loans were getting people into problems. “The real problems in indebtedness are not in the mortgage market but in the unsecured debt market where a number of people…
Continue reading the "Families ‘could lose everything to debt’" »
From Monday January 2nd, most train operators will increase season ticket and saver ticket prices by 4.3 per cent. This is one per cent above inflation, but other fares are set to rise by up to 7.3 per cent. In…
MPs from the House of Commons culture, media and sport committee met consumer groups such as Citizens Advice to discuss the debt problems that television phone-ins can create. Shari Vahl, from BBC Radio 4, said that many people “got a…
Continue reading the "MPs hear how phone lines cause debt" »
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