CreditExpert warns that couples who once held joint accounts could be penalised for not declaring that they are newly-single and thus push themselves into debt. “Divorce and break ups are a harrowing process but the situation can be made worse…
However, CAB spokeswoman Moira Haynes cautioned that they are not a “magic” debt solution and that people need to ensure they take quality advice. “People need good, impartial, independent advice,” said Ms Haynes, urging that consumers take IVA advice. “They…
Continue reading the "Citizens’ Advice: IVAs can be helpful" »
According to Chris Tapp, associate director of Credit Action, advertising is a “major issue” as it tempts people to get into credit card debt. “Advertising is a major issue. When it comes to credit cards, one thing we do see…
Continue reading the "Credit card advertising ‘leading to debt’" »
According to the BBC report, young women are selling their eggs to donors to help clear debt and are advertising this on the internet. “I’m 25 and I’ve got three jobs – one in an office in the day, two…
Continue reading the "Women selling own eggs to clear debt" »
Tessa Jowell stated that regulations will benefit consumers while offering help to those whose addiction spirals out of control and leads to a massive debt. One proposal to help people tackle their debt problems is to allow them to sign…
Continue reading the "New gambling bill to include debt help" »
One company alone has seen a 245 per cent increase in IVA use in the past year as more and more people take it as an alternative to the more damaging effects of bankruptcy. Charles Howson, chief executive of Accuma…
According to the Debt Counsellors, credit card debt accounts for 91 per cent of people’s “serious debt problems”, as Britain’s total credit card debt for the end of September stood at £55.6 billion. “It’s clear that credit card debt is…
Continue reading the "Most money problems ‘from credit card debt’" »
Linking up with the Financial Services Authority (FSA), Teachers’ TV will show the Financial Capability programme to build up confidence in money matters for educators and to aid teaching of personal finance. Commenting on the launch of the new series,…
By continuing to use the site, you agree to the use of cookies. more information
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.
