Debt Management providers have welcomed the news that consumer borrowing has recorded its biggest fall since Bank of England records began some 16 years ago. There has been a large increase in the number of people struggling with debt problems, and having to seek financial advice to improve their situation. Consumers have been turning to [...]
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Tag Archive: debt help
Water bill debt help soars
Latest figures released show that the number of vulnerable people needing debt help with their water bills has soared by 20 per cent in the last year. According to water regulator Ofwat there are many people who could relieve debt problems and benefit from lower bills, but thousands aren’t using the reduced WaterSure tariff even [...]
Homeowners not receiving full debt help from lenders
Despite the base rate of interest being cut by 4.5 per cent over the last twelve months, mortgage lenders have failed to pass on this debt help to their customers – only dropping the rates on their customer’s mortgage debt by an average of 1.3 per cent. Figures from moneysupermarket.com show that the average interest [...]
Debt problems for major card shop
If you’re relying on a birthday card with money in it to solve your debt problems, you may have some wait ahead. Card specialist Birthdays, has been placed into administration by parent company Clinton Cards, threatening the jobs of 2,000 of its staff. The firm, based in Bury – Lancashire, announced that all 223 stores [...]