Three quarters of families are at risk of developing debt management problems as research shows they are set to spend more money than they can afford on keeping children entertained over Christmas.
The additional cost of keeping children entertained over the festive season means that more than three in four parents (77 per cent) admit that [...]
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Category Archives: Blog - Money Mole
Three in four parents risk developing debt problems this Christmas
Baywatch star reveals debt management problems
Baywatch babe Pamela Anderson has revealed on TV that she has recently experienced debt management issues.
The American star confessed that she had failed to keep abreast of her financial affairs and had suffered in the recession as a result of a string of investments turning sour.
Anderson, who is infamous for blowing thousands (on her plastic), [...]
Liar Loans banned to prevent debt management issues
New rulings proposed by Financial watchdog the FSA (Financial Services Authority) look set to minimise potential debt management issues further by calling an end to “Liar Loans”.
The self-certificate home loans, labelled “Liar Loans” as they require no proof of earnings or additional income, look set to be outlawed under new proposals from the FSA.
Following in-depth [...]
No debt management worries for Button…yet!
Despite taking a £5million pay cut this year, Jenson Button will have no debt management worries after securing the Formula 1 world championship.
At the start of the season Button and his team mates were told that there was no future for the team as they had lost their funding.
Parent company Honda, who owned the team [...]
Does actor Nicolas Cage need debt advice?
Hollywood superstar and Oscar-winning actor Nicolas Cage is reportedly in need of some debt advice, after facing claims for millions of pounds in unpaid taxes.
The actor who is responsible for hits including Leaving Las Vegas, Captain Corelli’s Mandolin and Con Air, and who commands around £10 million-a-film is currently offloading many properties from his portfolio [...]
Debt management helped by death of self-cert
In a bid to prevent a repeat of the disastrous debt management issues that the financial world has had to cope with recently, the Financial Services Authority (FSA) is set to eliminate self-certification mortgages.
The loans which have been branded controversial, as they allow mortgages to be granted without the proof of income, look set to [...]
High earners suffering with debt management problems too
Middle-class workers and high earners are suffering with their debt management problems at a similar rate to those on lower incomes according to leading debt advice experts.
With the withdrawal of many credit lines and tighter lending conditions, even those who earn decent salaries are struggling to find loans in the credit crunch.
Many who have lived [...]
Could your child's name bring future debt management problems?
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 [...]
Bosses cream off £42m at MG Rover amid debt management worries for staff
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 [...]
Highest mortgage rates straining debt management
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 [...]
Friends and family providing debt help during recession
Friends and family are offering debt help to people struggling with their debt problems during the recession, research has shown.
Findings by Future Foundation, found that families and friends are assisting people through the recession and helping them to overcome their debt management issues.
They identified a “financial family” – a collaborative unit of friends and family [...]
John Lewis offers debt help
Retailer John Lewis is apparently trying to prevent people from developing debt problems by reprinting a thrift and debt help guide from yesteryear.
Dozens of useful tips and debt advice have been compiled by staff at department store John Lewis into a booklet called “Make Do And Mend”. This was the title used by the wartime [...]
Debt problems to grow as jobless households hit 12 year high
The debt problems of millions of households look set to continue, as figures released today show the number of jobless households has leapt to almost half a million – the highest level since 1997.
According to figures released today by the Office for National Satistics (ONS), the number of households with at least one person of [...]
Brits delay divorces over debt management worries
More people are putting off getting a divorce because of the financial and debt management implications of the recession, according to recent research.
According to a survey of divorce lawyers by advice website unbiased.co.uk, there has been a decline in divorce agreements during the recession, due to the economic climate.
Their study found that half of the [...]
Lender's "magic" trick causes debt management worries
You wouldn’t think that banks and other lenders could be magicians, but they are increasingly causing debt management worries by one of their nasty “magic” tricks.
It doesn’t involve a rabbit and a hat, or a scantilly clad Debbie McGee-type assistant being chopped in half, but rather more a worrying financial trick of turning an unsecured [...]