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February, 2008

• Consumers `heading for financial meltdown` [29/02/2008]
  British consumers could be heading towards the worst ever personal finance crisis, according to an industry expert.
• Diamonds are forever, but debts can become unenforceable [29/02/2008]
  Everyone knows: when someone borrows money, they have a responsibility to make sure it is repaid. But not everyone knows
• Scots parliament passes new bankruptcy rules [28/02/2008]
  New regulations designed to make it easier for people on lower incomes to declare themselves bankrupt are likely to come
• Scots calm as UK `goes switching crazy` [27/02/2008]
  Consumers are likely to transfer more than £6.6 billion between credit cards in the first six months of 2008, new
• Switching credit cards `could increase debt worries` [26/02/2008]
  Consumers running into debt problems with their credit cards could be charged £100 just to transfer credit to a new
• Govt pension plans `will increase financial worries` [26/02/2008]
  Government proposals to raise pension liabilities will "undoubtedly" increase the cost of defined pension schemes and force many workers into
• Single Brits `avoid debt problems easier` [25/02/2008]
  British consumers who find themselves to be single are also better off financially than their counterparts in relationships, new research
• Double whammy for IVA consumers? [25/02/2008]
  People with Individual Voluntary Arrangements (IVAs) may be hit twice as hard this year by fluctuating interest rates.
• Debt levels `restricting UK`s saving power` [22/02/2008]
  Debt problems in the UK are one factor restricting people`s ability to save, it has been claimed.
• Follow common sense to avoid card fraud, says Apacs [22/02/2008]
  One of the pitfalls of taking out credit cards is that they can create debt problems if not used sensibly.
• IVAs and Bankruptcies to rise in 2008? [21/02/2008]
  This February, the Insolvency Service announced that the number of insolvencies (bankruptcies and Individual Voluntary Arrangements or IVAs) in England
• Bankruptcy figures `hit record highs` [20/02/2008]
  Record numbers of people declared themselves bankrupt during 2007, as personal debt problems continued to mount, new figures have revealed.
• Housing slowdown continues [20/02/2008]
  The housing market is continuing to slowdown but prices of properties are still rising, new research has uncovered.
• Finance talk within couples "important" [20/02/2008]
  Financial planning within couples is "important" in order to avoid debt worries in the future, an industry expert has claimed.
• Pensions `causing debt problems due to longer lifespans` [19/02/2008]
  Pensions companies are not doing enough to alter their schemes to account for people living longer lives, an expert has
• `More IVA help` for debt-riddled consumers [19/02/2008]
  Consumers who have such severe debt problems that they require an Individual Voluntary Arrangement (IVA) will be given more help
• Scottish house prices `dropped at end of 2007` [18/02/2008]
  House prices in Scotland fell slightly over the last three months of 2007 after a year of rapid growth in
• TV personality declared bankrupt due to debt problems [15/02/2008]
  A TV personality famed for his love of numbers and sums has been declared bankrupt after years of debt problems
• Card providers `fuelling debt problems with payment allocations` [14/02/2008]
  Many UK consumers could be forced on to debt consolidation schemes as a result of their credit card companies not
• Credit crunch `could continue to hurt future retirees` [14/02/2008]
  UK consumers who have not been saving through conventional pension schemes could see their returns fall is the recent credit
• Rumours about debt: be careful who you listen to [14/02/2008]
  When we listen, we learn – but what exactly are we learning? Listening to rumours is always risky, and when
• Retirement thoughts `being push to back of minds` [13/02/2008]
  People across the UK have an ambivalent attitude about saving for retirement, an industry expert has claimed.
• Nearly 6m `change credit cards to limit debts` [13/02/2008]
  Nearly six million UK consumers switched their credit card providers during the last six months of 2007, in an effort
• New IVA system `to save consumers £57m` [12/02/2008]
  A new system of Individual Voluntary Arrangements (IVAs) could help consumers reduce their debts by £57 million in 2008, an
• Many Brits `failing to make a will` [11/02/2008]
  Nearly a third of people in the UK will not leave any money to family and friends to help ease
• Credit card fraudsters look for "easy target" [08/02/2008]
  By taking "simple steps", many consumers can reduce the risk of becoming the victim of credit card fraud, an industry
• Fraud cases should be noticed "immediately" [07/02/2008]
  Consumers across the UK should notify their bank "immediately" if they become the victim of credit card fraud, an industry
• Consumers `should be vigilant over online fraud` [06/02/2008]
  Consumers should ensure that their computer is protected with antivirus software before starting with online banking, an industry expert has
• Credit crunch will make 2008 "hard" [05/02/2008]
  Tighter credit conditions and lending regulations could force many consumers to take on more expensive debts, with the possibility of
• Personal loans "much better option" for debt consolidation [05/02/2008]
  Personal loans are a "much, much better option" than secured loans for debt consolidation, according to an industry expert.
• IVA applications rise as debt problems grow [05/02/2008]
  The number of UK consumers taking out an Individual Voluntary Arrangement (IVA) or applying for bankruptcy increased by 13 per
• Employees retiring `on £5,000 less per year than colleagues` [04/02/2008]
  Workers retiring during 2008 will have to live on £5,000 a year less than the average UK consumer, a new
• Debt problems mount for UK consumers [04/02/2008]
  The UK`s debt problems have grown to an all-time record high, new research has revealed.

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