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 management
Debt Management worries ease as consumer borrowing falls
Debt management and IVA providers worry as jobless on increase
Unemployment in the UK will continue to rise, Alistair Darling warned yesterday. In a break from normal procedures, where chancellors resist the temptation to predict future jobless figures, the Mr Darling told MPs that “unfortunately it will continue to rise for a while“. The announcement has caused concern amongst IVA and Debt Management [...]
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 Duchess [...]
£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 the [...]
Students predict debt management worries
A study of around 2,000 students revealed that the majority believe they will graduate with debt management issues that won’t be resolved quickly.
The survey commissioned by Endsleigh insurance, showed that almost thirty per cent (29.2%) of students questioned thought that they will graduate with debts of over £20,000.
There was also over a quarter more (26.4%) [...]
Doorstep energy doesn't alleviate debt management issues
Millions of customers who have signed up for a new energy deal have not had their debt management worries eased, as they don’t believe they have got a good deal.
Research carried out by comparison site uSwitch, found that less than a quarter (22 per cent) of the people they questioned thought that they hadn’t got [...]
Postal strikes causing debt management issues
As postal strikes blight the country, thousands of consumers awaiting their store card and credit card statements could face debt management issues – as the bills are still sitting in sorting offices.
Most major credit card companies levy charges for late payment (of around £12 per month), meaning that the average person with two cards could [...]
Students face debt management meltdown
Undergraduates waiting to start at University are in debt management turmoil after the student loans system revealed one in ten will have to wait a month without cash.
The meltdown of the student loans process, reportedly caused by poor planning, administrative blunders and the recession, has left ten per cent of students without cash at the [...]
Unemployment rise means more debt management worries
The number of people worrying over their debt management looks set to increase, as unemployment figures released today are at their highest level in 14 years.
In the three months to July, around 210,000 more people have been made unemployed, and the jobless figure now stands at 2.47 million, according to the Office for National Statistics.
People [...]
Debt management issues rise as we all lose £31k
The UK’s debt management issues have been affected more than you think, with an overall fall in personal wealth of £31,000 according to a study by the Halifax bank.
Due to the global credit crunch and recession, the nation’s finances have suffered from an average fall of almost £31k per household, straining many people’s ability to [...]
Good news for debt management as bank slashes fees
Debt management industry chiefs welcomed news that bank charges could be on the way down, at least for some of their clients.
The RBS-NatWest banking group, now majority owned by the UK taxpayer, has announced that it plans to reduce overdraft charges. The decision comes ahead of a much awaited decision from the Supreme Court regarding [...]
Debt management problems reducing congestion
Traffic on UK roads has dropped significantly due to the recession and the debt problems of motorists, according to latest research.
The five year study by the AA, shows a fall in motorway and truck-road congestion by almost a third – the first drop in congestion for 20 years.
According to their figures, there was a 15% [...]
Cheaper mortgages could help debt management clients
News that cheaper mortgage deals are coming on to the market has been welcomed by debt management providers who believe that lower housing costs could help relive the pressure on hard up consumers.
Since the onset of the recession, mortgages have been difficult to get, and few providers have been offering mega deals, since they did [...]
Debt management help for pensioners
Data released by debt management specialists has revealed that increasing numbers of older UK citizens are finding it difficult to cope with the recession, and are unable to quit work since they have to maintain excessive debt repayment levels.
According to recently released figures nearly 2 million people are planning on working beyond their retirement, as [...]
Pensioners forced to cut fuel bills amid debt management worries
Older people are having to reduce their energy usage as their fuel bills soar, in a bid to stave off debt management worries.
According to the Institute for Fiscal Studies, pensioners have seen their electricity bills rise by 36per cent in the two years to April 2007, while gas bills have soared jump by 55 per [...]