The Ministry of Justice (MoJ) has closed down more than a hundred claims management firms in the last two years, after they had been found guilty of giving misleading debt advice to vulnerable consumers. The report from the MoJ said the companies, which included a number of personal injury and claims management firms, were guilty [...]
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Monthly Archives: August 2009
"Debt problems, for the Arsenal"
As the Premiership football season kick-started this weekend, many supporters around the country risk developing debt problems to support their multi-million pound footballing icons. According to research, around one in five football fans has been forced into debt to cover the cost of following their team. With the cost of following your football team rising [...]
Debt problems forever for one in seven
Research carried out by Moneysupermarket found that one in seven people believe they will always be in debt. The study also found that over a quarter of people had increased their borrowing in the last twelve months, which suggests that some may be trying to hide their debt management issues by borrowing further. Tim Moss, [...]
Barclaycard declines half of applicants over debt problems fear
Barclaycard is expected to announce that it is turning away more than half of people who apply for a credit card, over fears that they may have debt problems and would have difficulty repaying their balance. As its parent company prepares to release their first half results, the credit card provider is widely tipped to [...]