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Latest figures released show that the number of vulnerable people needing debt help with their water bills has soared by 20 per cent in the last year.
According to water regulator Ofwat there are many people who could relieve debt problems and benefit from lower bills, but thousands aren’t using the reduced WaterSure tariff even though [...]
A study of around 2,000 students revealed that the majority believe they will graduate with debt management issues that won’t be resolved quickly.
The survey commissioned by Endsleigh insurance, showed that almost thirty per cent (29.2%) of students questioned thought that they will graduate with debts of over £20,000.
There was also over a quarter more (26.4%) [...]
Millions of customers who have signed up for a new energy deal have not had their debt management worries eased, as they don’t believe they have got a good deal.
Research carried out by comparison site uSwitch, found that less than a quarter (22 per cent) of the people they questioned thought that they hadn’t got [...]
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 [...]
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 [...]
Millions of Halifax customers with current accounts have seen their debt management worries eased as the highstreet lender agrees to cut penalties when they go overdrawn.
This has prompted speculation that lenders are coming under growing pressure to lower their charges before a ruling next month by the new Supreme Court.
A test case has been trialled [...]
As postal strikes blight the country, thousands of consumers awaiting their store card and credit card statements could face debt management issues – as the bills are still sitting in sorting offices.
Most major credit card companies levy charges for late payment (of around £12 per month), meaning that the average person with two cards could [...]
Undergraduates waiting to start at University are in debt management turmoil after the student loans system revealed one in ten will have to wait a month without cash.
The meltdown of the student loans process, reportedly caused by poor planning, administrative blunders and the recession, has left ten per cent of students without cash at the [...]
The number of people worrying over their debt management looks set to increase, as unemployment figures released today are at their highest level in 14 years.
In the three months to July, around 210,000 more people have been made unemployed, and the jobless figure now stands at 2.47 million, according to the Office for National Statistics.
People [...]
Naming your child with a name associated with “naughtiness” could bring it future debt management problems, according to a new study.
The saying “Give a dog a bad name and hang him” could also apply to your children, after latest research shows that teachers make preconceptions of children based on their names.
A name associated with all [...]
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 [...]
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 [...]
The UK’s debt management issues have been affected more than you think, with an overall fall in personal wealth of £31,000 according to a study by the Halifax bank.
Due to the global credit crunch and recession, the nation’s finances have suffered from an average fall of almost £31k per household, straining many people’s ability to [...]
Whilst ex-workers at car makers MG Rover were toiling over their debt management issues, bosses handed themselves a multi-million pound remuneration package, a new report has revealed.
The Phoenix Four along with Chief Executive Kevin Howe, are believed to have rewarded themselves with around £42 million in pay and pensions, after buying the troubled car brand [...]
Despite a drop in wholesale funding costs throughout August, the price of fixed-rate mortgages has risen to its highest level in eleven months – causing debt management worries for homeowners.
A report by the Bank of England said that average five-year fixed-rate mortgage costs had increased to 5.72 per cent between July and August – up [...]