The bureau claims that many suffering from debt are penalised further by private bailiffs who intimidate and harass them whilst charging excessive fees. “Reports from clients of intimidation, unreasonable demands and excessive charges by bailiffs are commonplace,” said David Harker,…
Continue reading the "Citizens Advice to take on bailiffs" »
According to Fidelity International, a fifth of people never check how their long-term retirement plans are doing, meaning that many could be surprised to suffer debt even if they think they are prepared. “The problem is not that people are…
Continue reading the "Study reveals poor plans for future" »
Last month there was a £186 million increase in loan and overdraft use on July’s figures, even though credit card lending fell. Although David Dooks, BBA’s director of statistics, said that this was a “weak increase”, it still shows that…
The Department of Work and Pensions minister said that there were arguments for further funding of credit unions, which can help people get out of the “nightmare spiral” of debt. “£100 million should reduce the nightmare spiral of debt that…
Continue reading the "Minister pledges credit union support" »
The charity says that a third of all working households with occupants under 40 cannot afford a home as prices rise and savings are hit by mounting bills and debt repayments. “Our analysis points to worrying prospects for those on…
With some credit card applications taking up to six weeks to become approved, Moneysupermarket.com is urging consumers to start creating a debt management plan now. Richard Mason, a director with the consumer finance website, told This is Money: “People always…
Continue reading the "Consumers urged to start saving for Christmas" »
The Consumer Council for Water Midlands (CCWater Midlands) has invited top representatives from water firms to give tips to customers on debt management. Sir James Perowne, chairman of CCWater Midlands, said: “I’m sure people will find it beneficial to gain…
Economic affairs spokesman Vince Cable said that both the major parties were “wholly silent” on the issue of personal debt, yet bankruptcy cases are rising. Speaking at the party’s conference, Mr Cable said that current debt levels affect the futures…
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