Latest news articles
Debt consolidation
- Consumers `increasingly experiencing debt problems` [07/09/2009]
The number of consumers in the UK suffering with debt problems is increasing, it has been claimed. - Over-50s `better at managing credit card debt` [03/09/2009]
Consumers aged 50 and over are better at managing credit card debt than their younger counterparts, it has been suggested. - New banking rules `may restrict access to loans` [03/08/2009]
Consumers may find it more difficult to access loans and other forms of credit as a result of new responsible lending rules which have been proposed by the government. - UK `must reduce consumer debt` [24/06/2009]
People are being more sensible with their money and are reducing their levels of personal debt, which is good for the UK, it has been claimed. - 700k `on Debt Management Plans` [05/06/2009]
Official insolvency figures are neglecting to include the 700,000 people who are currently on Debt Management Plans (DMPs), it has been revealed. - Recession `could lead to financial problems for retirees` [27/05/2009]
Retirees could be left facing financial difficulties - potentially including debt problems - as a result of the economic downturn, it has been suggested. - Charity sees increase in debt, mortgage and loan arrear enquiries [16/04/2009]
A branch of charity Citizens Advice has reported an increase in the number of enquiries it has received concerning a range of issues, including debt, mortgages and secured loan arrears. - Retirees` finances `may be damaged by rate cut` [18/03/2009]
The recent reduction in the UK`s base rate of interest of 0.5 per cent may have a detrimental effect on the finances of retirees, it has been claimed.
Debt advice
- More than 4 million fear they`ll be made redundant [16/12/2010]
According to R3`s quarterly personal debt tracker, more than 4 million (an estimated 4,258,737) people fear they`ll be made redundant. - Consumers took on more mortgage debt in July [26/08/2010]
Consumers took on £2bn more mortgage debt than they repaid in July, according to the latest figures from the British Bankers` Association (BBA). - Debts called in by parents [26/08/2010]
According to research, `the bank of Mum and Dad` is now calling in its debts - as parents ask for larger amounts of money back from their children, The Telegraph reports. - Teenagers `scared of debt` [19/08/2010]
Nearly two thirds of teenagers are `scared` of debt, according to a survey for discount website MyVoucherCodes.co.uk. - Rising household costs could pressure people in debt [10/08/2010]
The UK may be about to see a rise in food price inflation that could put extra pressure on already-stretched household finances, The Independent reports. - Pensions debt may impact workers` retirement funds [05/08/2010]
According to a report by actuaries LCP, an entire generation of workers may be left with little money to retire on because companies haven`t reduced their pension debts, lv.com reports. - Welsh young adults `at highest risk of debt problems` [03/08/2010]
Young adults are more at risk of debt problems than other age groups in Wales, according to a study into the use of credit. - Over 50s can`t afford to enjoy retirement because of debts [01/07/2010]
According to a study by Saga Equity Release, 17% of over 50s are left with very little money to enjoy their retirement once they have repaid their debts, while 41% of retirees find repaying their debts difficult, headlinemoney.co.uk reports.
IVAs
- Consultation on debt management launched [21/09/2009]
The government has launched a consultation on debt management schemes. - Govt aid for those struggling with mortgages `too late for some` [15/09/2009]
Although the government has "woken up" to the problems facing some homeowners in terms of their mortgage repayments, it is "too little, too late" in certain cases. - Pensions `no problem` for IVAs [04/06/2009]
Britons have been told not to worry that they could lose their pensions when setting up Individual Voluntary Arrangements (IVAs). - UK reaping what it has sown in terms of personal debt, expert claims [04/02/2009]
The UK is reaping what it has sown in terms of the high levels of personal debt possessed by many consumers. - Struggling consumers `likely to default on TV subscriptions` [15/01/2009]
Paid-for TV subscriptions are among the bills most likely to go unpaid by consumers who struggling with their personal finances - potentially including those with debt problems. - Consumers `struggling to cope with mounting debt` [25/12/2008]
A quarter of UK consumers are struggling to cope with their mounting debts, new research indicates. - Bankruptcy increases by 7% [17/11/2008]
The number of consumers in England and Wales facing bankruptcy increased by seven per cent during the third quarter of this year, it has emerged. - `More Brits applying for personal loans` [24/09/2008]
In the light of growing personal finance difficulties, increasing numbers of UK consumers are opting to take out personal loans.
Credit card debt
- Credit cards: data to be shared on people at risk of debt problems [26/11/2008]
A number of credit card companies are getting together to share information on consumers who may be at risk of falling into financial problems, it has been revealed. - Disposable incomes `falling` [06/11/2008]
The disposable incomes of UK consumers have declined significantly over recent years, new figures reveal. - Credit cards `being used to pay off debts` [27/10/2008]
Consumers struggling with their personal finances in the UK are increasingly relying on credit card spending as a way of paying off other debts. - `Not surprising` loans are becoming more expensive [09/10/2008]
Given the fact that the credit crunch was precipitated by bad debt, it is not surprising that cheap credit is drying up, it has been suggested. - Consumers stretching personal finances in DIY stores [22/09/2008]
Consumers in the UK may be stretching their personal finances by splashing out in DIY stores. - Credit card debt `to last for over 30 years` [05/09/2008]
Consumers who opt to pay off the minimum amount of credit card debt each month could be repaying their balance until August 2039. - Newly-weds `risking debt problems` [03/09/2008]
The cost of so-called "newly-wed nesting" is causing many people in the UK to risk getting into debt problems, it has been suggested. - Save to prevent home disasters [29/08/2008]
Those worried about debt problems may want to put money aside in case of home disasters.
Debt in scotland
- Initiative announced to support Scottish people in debt [21/01/2009]
An initiative designed to make sure that the Scottish government is doing all in its power to help people struggling with debt has been announced. - More Scots with extreme credit card debts, charity reports [05/11/2008]
More consumers in Scotland are reporting financial problems such as extreme credit card debts, it has emerged. - Govt actions `could lead to debt for pensioners` [08/10/2008]
The government`s response to the banking problems in the UK could lead to a deepening of the pensions crisis. - Middle-class families in south-east `most in debt` [02/09/2008]
Research conducted into debt patterns among consumers across the UK has revealed that middle-class families in London and the south-east are the most affected. - Scottish bankruptcies double [21/07/2008]
The number of individuals in Scotland declaring bankruptcy has increased more than two-fold in the space of a quarter, new figures have indicated. - BBC Scotland looks at effects of debt on health [11/07/2008]
Volunteers have been sought to take part in an investigation looking at the physiological effects of debt. - Scotland avoids house price decline [04/07/2008]
Property in Scotland has avoided the national drop in prices, according to Nationwide`s recent figures. - Optimism for Scottish economy [26/06/2008]
Latest economic figures from Lloyds TSB Scotland indicate a slowdown but growth overall.
Bankruptcy
- Debt in Swindon `on the rise` [21/04/2009]
Debt levels in Swindon are on the increase, new figures suggest. - New debt management option "a positive step" [17/04/2009]
A new debt management option has been described by one expert as "a positive step". - Consumers `should get advice over IVAs, bankruptcies and DROs` [02/04/2009]
People who are struggling with debt problems should seek advice, it has been claimed. - Women `less likely to file for bankruptcy` [27/01/2009]
Female consumers are less likely to file for bankruptcy than their male counterparts, it has been suggested. - Councils `filing for bankruptcy for those who fail to pay tax` [21/01/2009]
Some consumers who are failing to pay their council tax are facing the prospect of bankruptcy, new figures suggest. - Consumers lying about finances [12/11/2008]
More than one-third of UK consumers have lied to a partner, friend or relation about the state of their finances, it has been revealed. - Rise in bankruptcies revealed [10/11/2008]
There has been an increase in the number of consumers in the UK who are going bankrupt, it has been found. - Scottish bankruptcies on the rise, new figures suggest [17/10/2008]
The number of consumers declaring themselves bankrupt in Scotland has risen significantly this year, new figures reveal.
Mortgage and remortgage
- Struggling mortgage holders `should seek advice` [18/09/2009]
Mortgage holders who are struggling to make their repayments should seek advice, an expert has said. - Remortgage enquiries `rise in June` [11/08/2009]
The number of people enquiring about remortgaging rose in June, new figures indicate. - Mortgage approvals `up in June` [30/07/2009]
Mortgage lending in June was at its highest level in more than a year, new figures reveal. - UK mortgage market remains weak, CML says [23/07/2009]
The mortgage market in the UK remains weak, according to an industry body. - Consumers `should avoid lying on mortgage applications` [15/07/2009]
People should resist any temptations to lie on their mortgage applications, an expert has said. - BoE releases Trends in Lending report [23/04/2009]
A report entitled Trends in Lending has been released by the Bank of England (BoE). - Brits `prioritising debt repayment` [20/04/2009]
Consumers in Britain are increasingly prioritising debt repayment, new research suggests. - "Sensible lending" needs to be restored for home buying [20/04/2009]
Banks need to resume "sensible lending" if the house buying market is to be restored to health.
