News that cheaper mortgage deals are coming on to the market has been welcomed by debt management providers who believe that lower housing costs could help relive the pressure on hard up consumers.
Since the onset of the recession, mortgages have been difficult to get, and few providers have been offering mega deals, since they did [...]
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Tag Archive: debt management
Cheaper mortgages could help debt management clients
Debt management help for pensioners
Data released by debt management specialists has revealed that increasing numbers of older UK citizens are finding it difficult to cope with the recession, and are unable to quit work since they have to maintain excessive debt repayment levels.
According to recently released figures nearly 2 million people are planning on working beyond their retirement, as [...]
Pensioners forced to cut fuel bills amid debt management worries
Older people are having to reduce their energy usage as their fuel bills soar, in a bid to stave off debt management worries.
According to the Institute for Fiscal Studies, pensioners have seen their electricity bills rise by 36per cent in the two years to April 2007, while gas bills have soared jump by 55 per [...]
Back to school costs cause debt management worries for half of parents
The cost of sending children back to school is causing debt management worries for over half of UK parents.
Over half of UK parents can’t afford the costs incurred with sending their children back to school, and many face mounting debt problems to cover these costs, according to latest findings.
The study by YouGov for charities “Save [...]
Pensioners in Britain most likely to have debt management issues
Britain’s over 65’s are amongst the poorest in Europe, and as a result could be most likely to suffer from debt management issues and subsequent poverty.
Our pensioners are worse off than their counterparts in countries such as Poland, Romania and France, according to figures published by the European Commission.
The study, analysing relative poverty across 27 [...]
Debt Management worries as recession drags on
The National Institute of Economic and Social Research, NIESR, has predicted that the recession will continue for a while yet, and that it may take as much as five years before we see the standard of living return to the level that it was in early 2008.
The news from the leading think-tank caused concern amongst [...]
Recession sees increase in Debt Management and IVA cases
There has been a sharp increase in the number of consumers signing up for Debt Management Plans, or entering into an IVA, since the start of the recession.
The real problems began a long time before the credit crunch hit. Whilst the UK was enjoying something of a boom that just seemed to go on and [...]
Debt Management required as jobless numbers rise
According to figures from the ONS, the Office for National Statistics, the number of people unemployed in the UK rose to 2.261m in the period February to April this year. This is the highest it has been since November 1996. The rise sparked fears that more consumers could be forced into financial difficulty, and may [...]
Cheque ban could avoid debt management
The government will today unveil its consumer protection plans that will include a ban on credit card cheques.
One of the main contributory factors to severe debt problems is too much credit card debt, and credit card cheques have simply made it far easier for a consumer to rack up big bills. Critics of the cheques [...]
Higher cost of living adds to debt management worries
According to figures released by the Joseph Rowntree Foundation, the cost of living for people existing on minimum household income, is increasing faster than the rate of inflation.
This news has caused concern amongst debt management providers, worried that the most vulnerable members of society are also the most likely to be suffering with debt problems [...]
Rising house values could ease debt management woes
According to figures released by the Nationwide building society, house prices went up by 0.9% during June. This news has been welcomed by debt management providers, since an end to the housing slump could offer additional options to over indebted consumers by way of debt consolidation loans.
The Nationwide confirmed that house prises have risen in [...]
Women's spending hides future debt management issues
Research on the spending patterns of Britain’s women has revealed that they may be storing debt management issues for the future by continuing spending.
The study, by Post Office Financial Services, found that millions of women are secretly borrowing money from relatives to maintain their spending habits, as they try to uphold their image and avoid [...]
Unclaimed benefits could ease debt management worries
Around £10.5bn worth of income-related benefits went unclaimed in 2007-9 in Britain, which could have eased many people’s debt management issues.
The figures, published annually by the Department of Work and Pensions (DWP), showed that between 15 – 23% of all entitlement money went unclaimed from the five key income-related benefits – Income Support, Jobseekers Allowance, [...]
Women more likely need debt management help
In an effort to match their celebrity idols, women now make up the majority of young bankrupts in Britain, according to a leading accountancy firm.
The report from Wilkins Kennedy said that of all under 24-year-olds going bankrupt, 55 per cent were women – against just 48.3% five years ago. In 2008 there were 1,560 women [...]
Debt management could help control credit card debt
Recent research has shown that people are cutting back on using plastic, in order to reduce the size of their credit card debt.
According to figures from Tescocompare.com, more that a third of all individuals that are trying to spend less on credit, are doing so in order to shrink the overall size of their debt.
Since [...]