UK house prices fell by 0.40% this month, according to figures released by the Nationwide. This has partly reversed the rise that was seen last month. The Nationwide’s figures showed that the rate at which house prices are declining has slowed, however the average UK house has seen a 15% reduction in value since this [...]
-
DEMSA/OFT Approval
We are a member of DEMSA and subscribe to the DEMSA Code of Conduct.
DEMSA is an organisation founded to monitor and maintain high standards in the Debt Management industry. All members of DEMSA are bound by the terms of the Code of Conduct established by DEMSA. Read more...
Monthly Archives: April 2009
Banks Debt Problems
The share prices of two large banks fell after it emerged that regulators had informed them that they may have to raise more capital. The banks affected are Bank of America and Citigroup. Citigroup shares fell by 5.9%, whilst Bank of America shares were down by 8.6%, as a result of the news. The Wall [...]
US Economy In Decline
Official figures have revealed that the US economy has continued to shrink during the first three months of this year. Gross Domestic Product contracted by 6.1% from January to March, which was not much better than the previous quarter, where the contraction was 6.3% for the period October to December of 2008.
These latest figures, released [...]
Consumers Seek IVA Advice
There has been a recent increase in the numbers of UK consumers seeking IVA advice, in an effort to find a way to get out of debt. Recent figures suggest that more people are having difficulty with larger debt levels, which tends to be the point at which an IVA may be the most suitable [...]
Tesco Lose Market Share
As UK consumers try to reduce spending, Tesco has lost ground to discount supermarket chains such as Lidl and Aldi. Last month, Tesco’s market share fell to 30.40%, down from 30.80% for the same period last year.
Tesco’s share of the UK market has dropped in every month so far this year. Sainsbury’s market share remained [...]
30 pets a day abandoned as families cut back to get out of debt
The number of abandoned pets has risen by almost 60% during the recession, as households desperately try to save money to get out of debt.
According to figures from the RSPCA, households are curbing their spending by dumping animals at a rate of 30 each day.
In some cases, extreme measures are being taken by owners, as [...]
Jobless up In France
The French minister of the economy has stated that unemployment in France rose by up to 70,000 in March.The figures for March have not yet been officially released, but it is widely thought that the jobless increase will fall somewhere between 60,000 and 70,000. Whilst this is still a depressingly high figure, it is slightly [...]
Credit Crunches Zig and Zag
An average of more than 30 animals were abandoned across England and Wales every day in 2008, according to the animal welfare charity. It called for people to donate money or time to help it cope with rising demand amid the UK’s ongoing financial crisis.
The RSPCA reported it dealt with 11,586 dumped pets last [...]
Unemployment On Increase
The number of people unemployed in the UK increased by 177,000, between December 2008 and February 2009, to reach more than two million. The number of actual jobless benefits claims rose also by nearly 74,000, in March, to reach nearly 1.5 million.
The Office for National Statistics confirmed that the unemployment rate had reached 6.7% for [...]
Debt Management and IVA providers gear up
Financial help specialists are seeing an increase in the numbers of borrowers with out of control credit card debt and unaffordable personal loan repayments. More and more consumers with debt problems are seeking advice on how to get out of debt, and be debt free. The situation does not look good, for a lot of [...]
Cameron Attacks Government Over Economy
The leader of the opposition, David Cameron, has accused Labour of leaving the economy in an utter mess. The Conservative leader made this comment after Alistair Darling, the chancellor, had confirmed that the economy is expected to shrink by 3.5% over the next twelve months.
Mr Cameron criticized Labours economic record, describing it as “tarnished”. He [...]
Credit card firms causing debt problems
Credit card companies are out of touch with their customers, and could be fuelling debt problems, according to consumer watchdog Which?’s report.
They found that 28 major credit card lenders had either raised charges or interest rates, or reduced the interest-free period on new purchases.
According to the organisation’s findings, the average interest rate on cards went [...]
Redundant City execs offload designer goods in bid to raise cash
It seems that the recession is also hitting city executives hard, as the number of designer goodies being sold by people who have been made redundant has risen.
Trading website Gumtree reports that designer bags and mobile phones worth around £3,000 are being sold at knockdown prices, as redundant city bankers and executives raise cash by [...]
Recession strikes again
The recession appears to be claiming the same victims as previous ones, as traditional manufacturing areas bear the brunt of the current economic slump, according to recent research.
Unemployment as a percentage of the local population was rising fastest in the established industrial areas of the Midlands, northern England and south Wales the findings from a [...]
Credit Card Debt Relief
These days, almost everyone uses credit cards as part of their daily life, but with personal loans, store cards, catalogues and other bills adding to the problem, its not surprising that many people are in need of credit card debt relief.
For many people, using their credit card regularly isn’t a present a problem until something [...]