Debt problems are nothing new to us in these times, however, there are new concerns in the stock markets across Europe courtesy of Dubai.
Dubai is a country associated with extreme wealth due to oil and hyper-tourism, but in recent times, many of the luxurious properties built by state-owned companies such as Dubai World have struggled [...]
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Tag Archive: debt problems
Share prices fall due to Dubai debt problems
£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 [...]
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 had risen, [...]
Lenders seek to reduce debt problems
Amid signs of an economic recovery lenders are trying to reduce the chances of developing debt problems by lowering limits on cards and tightening loan criteria.
A report by the Bank of England suggests that lenders will enforce stricter limits on those they give money to and reduce limits on plastic to reduce the amount of [...]
Credit card debt written-off in landmark court case
A judge has ruled in a landmark case that £8,000 worth of credit card debt could be written-off, after payment protection insurance (PPI) had been wrongly sold.
The claim was made by Lynne Thorius against MBNA, after she was charged thousands of pounds in PPI premiums on the Sunderland FC credit card she had applied for.
The [...]
Energy bill wording fuelling debt problems
Energy bills filled with misleading and confusing jargon that make them harder to understand could be fuelling debt problems.
The difficult language chosen by gas and electricity companies to make understanding bills more difficult has been questioned, after consumer association Which? said that customers were frequently left confused.
They have asked for a simple-to-understand summary box to [...]
Student's debt problems force proactive job hunt
An unemployed recent graduate with debt problems of around £20,000 has taken decisive action to clear his debts by walking the street between two sandwich boards advertising for a job.
The history graduate from the University of Kent, decided enough was enough after trying to secure employment the conventional way of mailing CVs and contacting recruitment [...]
IVA help needed as debt problems on increase
IVA help could be required by more households, as new figures reveal that UK consumers are continuing to spend themselves into financial difficulty. The widely held opinion, in financial circles, was that we are tightening our spending in order to avoid future debt problems, however, recent statistics show that this may not be the case.
The [...]
Millions relying on lottery win to solve debt problems
Over a quarter of Brits are pinning their hopes on a lottery win to wipe away their debt problems and help their financial situation, according to latest research.
With the chances of winning the lottery at fourteen million-to-one, you’re more likely to receive a phonecall from an alien who could tell you a way to deal [...]
Debt problems in North West and Midlands fuelling repossessions
People who live in the North West or the Midlands are more likely to have their homes repossessed due to mounting debt problems the government has suggested.
As a result, the government is launching a new TV campaign recommending those that are struggling with their mortgage repayments to seek impartial debt advice.
The hotspots that are prime [...]
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% [...]
Petrol duty increase stretches debt problems
Motorists who are experiencing debt problems could see their debt management issues made even worse after another rise in fuel duty.
The 2p rise in the tax on petrol from today, is the third increase in nine months and puts household finances under further pressure.
It’s feared that this could also spell the end for more hauliers, [...]
Katona arrested after attack over debt problems
Former “I’m a celebrity…” contestant Kerry Katona has been arrested by police in Warrington on suspicion of attacking her accountant over an argument regarding her debt problems.
Cheshire Police confirmed that a 28-year-old woman from Wilmslow, understood to be Kerry Katona, was detained at Hawthorne Business Park yesterday.
The mother-of-four was also questioned on suspicion of criminal [...]
Debt problems strained by 'one in five' young uninsured drivers
Over one in five young drivers (aged between 17 and 20) has no car insurance, which is causing further strain on the debt problems of other drivers, according to latest figures released.
The study by the Motor Insurers’ Bureau, shows that hundreds of thousands of recently qualified drivers are driving illegally. This has a detrimental effect [...]
Country's debt problems at an end?
A surge in confidence amongst businesses could signal that the UK’s debt problems are at an end, according to research.
A study by the Institute of Chartered Accountants in England and Wales (ICAEW), found that optimism among professionals soared in the third quarter, to the highest levels in two years when the financial crisis began.
The confidence [...]