Despite taking a £5million pay cut this year, Jenson Button will have no debt management worries after securing the Formula 1 world championship. At the start of the season Button and his team mates were told that there was no future for the team as they had lost their funding. Parent company Honda, who owned [...]
Debt Management Plans | IVAs | Debt Help
Monthly Archives: October 2009
More middle-class debt management problems
During the last twelve months, more middle-class households have been affected by debt management problems, according to latest findings. The study by leading debt management specialists Chiltern, found that households from traditional middle-class areas had increased over the last year faster than other sectors of society. This could be due to the financial turmoil increasing [...]
Londoner's debt management problems set to be stretched
For people living in London their debt management problems look set to be pushed even further to the limit, after bus and tube fares are to be increased. London Mayor Boris Johnson announced the price increases in an effort to plug the multimillion pound deficit in transport funding within London. Added to this was the [...]
Does actor Nicolas Cage need debt advice?
Hollywood superstar and Oscar-winning actor Nicolas Cage is reportedly in need of some debt advice, after facing claims for millions of pounds in unpaid taxes. The actor who is responsible for hits including Leaving Las Vegas, Captain Corelli’s Mandolin and Con Air, and who commands around £10 million-a-film is currently offloading many properties from his [...]
Financial help for pensioners in debt
Financial help for pensioners in debt could become a reality if the State Pension Age increases to 66 from the current 65 according to the Shadow Chancellor – George Osborne during the Conservative Party Conference in Manchester last week. In fact this is one of the proposed policies the Conservatives intend following a successful general [...]
Debt management helped by death of self-cert
In a bid to prevent a repeat of the disastrous debt management issues that the financial world has had to cope with recently, the Financial Services Authority (FSA) is set to eliminate self-certification mortgages. The loans which have been branded controversial, as they allow mortgages to be granted without the proof of income, look set [...]
Debt management prevents mental health problems
According to latest research, people who are struggling with their debts should consider debt advice to avoid mental health problems from developing. The study by the Royal College of Psychiatrists and Rethink, revealed that half of British adults struggling with debt problems are also potentially dealing with a mental health issue. Their findings suggest that [...]
UK most expensive in Europe fuels debt management problems
The cost of living in the UK is higher than across Europe but quality of life is amongst the lowest, which is why so many people are experiencing debt management problems, according to research by uSwitch.com. The study found that whilst the average household income is the highest in Europe, the cost of food, fuel [...]
Further debt management worries for Duchess
Sarah Ferguson has sparked further rumours about the state of her debt management, after receiving a £17,000 bill from another one of her creditors. The Duchess of York also received another threat of legal action after receiving the unpaid bill for more than £17,000 from Richard Owen, a PR consultant, for work to help the [...]
£2,000 a year energy bills strain debt management
If Britain misses its green energy targets we could all face energy bills of up to £2,000 a year, which would place further strain on the debt management of many struggling households. In a worst case scenario, household bills could rise upto 60 per cent by 2016, driving energy bills to the £2,000 mark for [...]
Low interest rate helps 100,000 people's debt management a month
Around an extra 100,000 homeowners are benefitting from the lowest interest rates in history, as their mortgage debt management is eased following the end of a fixed-rate term. According to the Council of Mortgage Lenders (CML), 42% of existing mortgage-holders are still enjoying a fixed rate deal. For those whose introductory rate has come to [...]
Interest rate hold eases debt problems
The Bank of England have decided to keep interest rates on hold at their record low of 0.5% for the eighth straight month, in a bid to ease the economy and curb the nation’s debt problems. The Bank also said that they would continue with the Quantitative Easing programme, where they will pump an extra [...]
High earners suffering with debt management problems too
Middle-class workers and high earners are suffering with their debt management problems at a similar rate to those on lower incomes according to leading debt advice experts. With the withdrawal of many credit lines and tighter lending conditions, even those who earn decent salaries are struggling to find loans in the credit crunch. Many who [...]
Airlines suffering debt problems amid record losses
Aer Lingus and British Airways have reported that they will be cutting jobs and freezing pay to ease debt problems, as the International Air Transport Association predicts record losses. The Irish airline have announced they will be cutting around 700 jobs and freezing pay for people earning over £32,000, to try and bring the company [...]
Burglaries up as debt problems grow
The recession is being blamed for a surge in the number of burglaries, as people struggle to deal with mounting debt problems. Across the country the number of burglaries has risen, as they also did during previous recessions in the 1970s and early ’80s. Earlier this year the British Crime Survey revealed that opportunist crime [...]