Neil Morrisey, the star of Men Behaving Badly has opted for an IVA to help relieve his multi-million pound debt problems.
After a property scheme that he had invested in collapsed, the actor and TV star was forced to seek debt help after losing £2.5 million pounds.
The voice of Bob the Builder had invested in a [...]
University students starting their degree courses this autumn could be developing debt problems for years to come, as they are expected to graduate owing around £23,000 a survey predicts.
The study of 2,024 students by The Push Student Debt Survey, questioned academics at varying stages of their degree courses and discovered that debt levels averaged more [...]
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, head of [...]
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 announce [...]
So far this year around 12,000 independent shops and almost 7,000 major chain branches have closed across Wales and England as debt problems impact the high street.
Research by the Local Data Company (LDC) found that the average retail vacancy has risen by almost 8% since last year – from 4% to 12% now.
Worst hit was [...]
The cost of running a vehicle looks set to increase after the debt problems of many drivers has forced them to hold back on renewing their policies – pushing the cost up for everyone else.
The recession has forced many debt problems over the edge, and as a result more drivers are failing to renew their [...]
A tenth of Britons with severe debt problems owe more than £60,000, excluding mortgage payments, according to latest research.
One in ten people facing bankruptcy, were found to have debts over £60,000, showing the full extent of the debt management crisis faced by many financially overstretched households.
The report on the Telegraph website also outlined the average [...]
Credit card debt in Britain will continue to worsen, with a wave of payment defaults from customers, according to a report by the International Monetary Fund (IMF).
The IMF predicts Britain, which has the highest number of credit card borrowers in Europe, would suffer from much of the £1.5bn of consumer debt that it predicts will [...]
Deflation fears were increased today after the underlying inflation rate fell to its lowest recorded level, bringing fears that debt problems may take longer to clear.
According to data from the Office for National Statistics (ONS), inflation as measured by the consumer price index (CPI) fell by 0.4 per cent to 1.8 per cent in June [...]
If you’ve been made redundant your debt problems could be set to grow, as banks levy charges on accounts for failing to deposit minimum amounts.
The penalty fees are charged on some “best-buy” accounts, if you fail to pay in the minimum amount each month.
These accounts typically offer a favourable rate of interest if customers pay [...]
Londoner’s debt problems have become deeper, more widespread and complex since the recession, with creditors acting more aggressively to recover outstanding payments according to an advice group.
The report from Capitalise found that the average debt level amongst people living in the capital was just over £18,000 – up by 16% since January 2007 – and [...]
Customers may be charged a pound to spend a penny as troubled airline Ryanair tries to reverse the debt problems recently reported.
The Irish airline reported £155m losses this week, the first negative figures in its 20 year history, and now aims to recoup these by maximising additional revenues and sorting out their debt management issues.
Two [...]
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 will [...]
Despite thousands of people experiencing debt problems, it seems someone still has £8m to spend on a car. It wasn’t even a new one!
As many of us are struggling to juggle our finances and get out of debt, elsewhere the sale of a vintage car has set a new record for the most expensive car [...]
Men are failing to cope with worries about the recession and debt problems according to the mental health charity, Mind.
The survey showed that almost 40 per cent of men admit to feeling low because of pressure from work, regarding job security and money troubles, playing on their minds.
Their results also suggested that women were more [...]