New research has suggested that people in the UK are becoming more open about their money worries, particularly when it comes to sharing the burden of debt problems with partners and other loved ones.
The Consumer Credit Counselling Service (CCCS) found that there has been a significant drop in instances of people who are hiding [...]
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Monthly Archives: September 2011
Increase in people sharing debt problems with their partners
Mortgage approvals soar as consumers steer clear of unsecured debt problems
A report by the British Bankers’ Association (BBA) has revealed that UK consumers are successfully steering clear of unsecured debt problems, as approvals for mortgages rocket.
According to the BBA, people are managing to pay off existing unsecured debts such as personal loan and credit card debt at a faster rate than before. In August [...]
Nationwide supports financial and debt management education campaign
The building society Nationwide has reportedly added its support to a campaign to make financial and debt management education in schools a compulsory part of the national curriculum.
The campaign is being spearheaded by Martin Lewis, who is the founder of the consumer advice website MoneySavingExpert.com. He says that children should be able to learn [...]
Students more worried about debt problems than employment prospects
According to the findings of a new survey, students starting university for the first time are more concerned with tuition fees and future debt problems than they are about their employment prospects once they graduate.
The survey was conducted by BestCourse4Me, a non-profit website which helps students to make better and more informed decisions when it [...]
Debt problems escalate for young people in Northern Ireland
Worrying new figures have shown that debt problems for young people in Northern Ireland have worsened over the last year, and the total amount of debt for this age group has now reached £0.8 million.
The Consumer Credit Counselling Service (CCCS), a national charity which points people with money worries in the direction of professional debt [...]
Debt management warning for over-55s throughout the UK
Older people living in all areas of the UK have been warned about increasingly pressing debt management problems as the cost of living rises and energy prices soar.
According to the Milton Keynes Citizen, the average amount of debt owed by over 55s in the area was around £22,945. This figure was reported by the [...]
Man accused of killing his wife over debt problems
A man from Norfolk has been accused of killing his wife in a row over debt problems, which were so severe that the couple was facing bankruptcy.
Chelmsford Crown Court heard that Warren Goring, 67, was given an eviction notice the night before his wife was found dead at their home in Mundsley on 18th February [...]
Dundee man handed four-year bankruptcy restriction order for breaking rules
A man from Dundee has been handed a four-year bankruptcy restriction order after it was revealed that he received thousands of pounds in cash and withheld his income from bankruptcy officials.
John Fernie Morris was investigated by Accountant in Bankruptcy (AiB), an executive agency of the Scottish Government, after officials were tipped off that he [...]
Troubled footballer Colin Hendry speaks out on bankruptcy hell
Speaking in a two-part interview with Scottish newspaper The Daily Record, the troubled former footballer Colin Hendry has spoken about the traumatic two years which followed the death of his wife Denise.
Hendry, who is somewhat of a football hero in Scotland after captaining the national team in the 1998 World Cup, fell into a [...]
Australian politician saved from bankruptcy by government
According to an expose by the Herald Sun, Australian politician Craig Thomson was rescued from bankruptcy by the New South Wales Labor Party. Despite this bailout, the latest reports suggest that Mr Thomson is now planning a home renovation costing $100,000.
Mr Thomson, who is an Australian Labor Party member for the Division of Dobell, [...]
Severe debt problems push bank manager to steal from pensioner
The former manager of a branch of Barclays bank has been found guilty of stealing a total of £23,000 from a pensioner, a crime he committed due to mounting debt problems.
Barry Gillard, from Basingstoke in Hampshire, was jailed for a total of two and a half years after he was caught stealing thousands of [...]
HMRC crack downs on business owners who see bankruptcy as an easy solution
HM Revenue & Customs (HMRC) is reportedly starting to take a tougher line on small business owners who see bankruptcy as an easy solution to theirs and their company’s tax debt problems.
Officials at the deparatment have become increasingly concerned about unpaid taxes amongst the owners of small businesses. It seems that many of these [...]
Parents facing debt problems due to childcare costs
A new survey has revealed that parents from some of the UK’s poorest families may be facing severe debt problems in order to afford rising childcare costs.
The survey, conducted by Save the Children and the Daycare Trust, involved questioning a total of 4,359 parents on childcare costs and general household finances.
The findings revealed that nearly [...]
Micro-pig breeder faces bankruptcy over unpaid employee wages
The owner of a successful micro-pig breeding farm based in the Cambridgeshire district of Fenland is now facing bankruptcy after two employees alleged they were owed thousands of pounds in unpaid wages.
Jane Croft initially enjoyed fame and success through her business, the Little Pig Farm, which she set up back in 2009. The business involved [...]
Former MUFC goalkeeper Roy Carroll sued over debt problems
Roy Carroll, who previously played as a goalkeeper for both Manchester United and West Ham, is reportedly being sued over his debt problems.
The footballer, who hails from Fermanagh in Northern Ireland but now plays for OFI Crete in Greece on a two year contract, is understood to have taken out a loan of £307,000 from [...]