Debt Management News Articles

Blog: The house price crash-ometer row - Published:15/12/07

I was more than a little surprised this week to receive a letter from the corpse that represents nearly every British mortgage lenderThe industry has issued a grim caution on mortgage lending What does it denote for you Editor's commentThe Council o...

overindebted on unsecured loans, and in denial - Published:14/12/07

Almost four million Britons qualify for the official tag of 'overindebted' by devoting more than 25 per cent of their take-home disburse to disburseing off unsecured loans every month, debt organization firm Chiltern has warnedOne in 16 Britons clas...

BBA encourages IVA regulation - Published:13/12/07

As a figure of fee and rate increases hits the credit card market, it is "more important than ever" that people supermarket around for a good deal, according to WhichInternet shoppers have been advised to use their credit cards for online purchases ...

Read More: Bba Encourages Iva Regulation >>

experts unconvinced by falling insolvency figures - Published:12/12/07

New statistics free by the Insolvency Service reveal that the figure of people declared insolvent fell by five per cent in the third quarterThat marked the third quarterly fall in a line and the first annual decrease in five years, but analysts caut...

consumers warned no end in sight to credit crisis - Published:11/12/07

Borrowing is becoming more luxurious as the wider economic turmoil afflicting global monetary markets continues to gather paceThat's according to Chris Tapp, director of debt management charity praise Action, who is caution that UK consumers need to...

Young people need better education on debt, charity says - Published:08/12/07

As a number of charge and rate increases hits the credit card market, it is "more important than ever" that people shop around for a good contract, according to WhichInternet shoppers have been advised to use their credit cards for online purchases ...

young people 'lack debt prevention skills' - Published:07/12/07

One leading financial specialist is warning that young people lack the skills to stop themselves descending into unmanageable debtAlastair Mathews, director of rule at the Personal Finance Education Group (PFEG), said that while most young people ap...

Young people need better education on debt, charity says - Published:06/12/07

Moving financial records from one bank to another is "easy", according to the British Bankers' AssociationThe value of Christmas presents can "significantly" have an effect on home contents insurance, warns NFU MutualAxa is launching My financial pl...

average debt currently â£26.5k - Published:05/12/07

The Chiltern Debt Monitor has exposed that the average person seeking assist with financial problems has £26,537 worth of debtsWith debtors on standard earning just £23,416 a year and having a disposable income of £229, that income the majority of p...

Read More: Average Debt Currently Â£26.5K >>

Lenders 'wary' of debt management firms - Published:04/12/07

News: Men In 20% More Debt Than Women - Published:26/10/07

Men are racking up 20% more debts than women, and can afford to pay less to their creditors in spite of earning more, novel statistics have revealedResearch by Chiltern Debt Management shows that on average, men seeking help to run their finances ta...

Treasury wants more mortgage info - Published:31/08/07

The Treasury has announced its meaning to ensure that Britons are able to make more knowledgeable choices when they look for a mortgageIn an announcement that followed the major minister's vow to create more affordable housing and encourage greater ...

Consumer comfortable with their borrowing - Published:31/08/07

According to one industry professional customers in the UK are quite content with their borrowing, and are keen to utilize monetary tools such as consolidation and homeowner loans in order to improved manage their finances and to help maintain their...

Debt management companies target struggling borrowers - Published:25/05/07

According to recent information a number of debt management companies are targeting customers in the UK who are struggling to pay back their loans and other debts by obtaining their details from lenders with the present of a large commissionOne expe...

Banks 'more willing' to question debt management services - Published:23/02/07

Banks are now more likely to call into question the practices of debt management services with the arrival of increased individual voluntary preparations (IVAs)This is the opinion of financial charity the customer Credit Counselling Service (CCCS) w...

IVAs being rejected by many UK banks - Published:15/02/07

A most important debt management company in the UK has admitted that many UK banks are now rejecting IVAs at an early phase, which has resulted in a slow down in the region of IVAs An IVA is an individual voluntary arrangement, and is where a borrow...

Debt firms to be undercut by debt charity - Published:08/02/07

Over the history year more and more consumers in the UK have twisted to IVAs in order to try and ease their money owing problemsAn IVA is short for individual voluntary preparations; each creditor agrees to accept a set repayment on the balance that...

Debt firms to be undercut by debt charity - Published:07/02/07

Over the past year additional and additional consumers in the UK have twisted to IVAs in order to try and ease their debt problemsAn IVA is short for individual unpaid arrangements; each creditor agrees to believe a set repayment on the equilibrium ...

Property repossessions soar - Published:01/02/07

information Companies & markets Investing Power portfolio Campaigns Mortgages & homesMortgage featuresInsurance Consumer advice Broadband & phones Retirement economy & banking Credit & loans Small business duty & wills Message boards Money blog gear...

Read More: Property Repossessions Soar >>

More bad loans predicted for the early part of 2007 - Published:18/01/07

A figure of banks and building societies in the UK are predicting that there will be a rise in bad debts and loans in the first quarter of 2007 The situation with awful debts has already spiralled out of control according to some experts, with some ...

Insolvencies 'to hit 30,000 in January' - Published:09/01/07

In the wake of excessive Christmas spending, many persons in the UK will be counting the price of the festive period and accountant Grant Thornton predicts that almost 30,000 individuals will become insolvent in the first quarter of this yearThis es...

Bad debts hit record levels for banks - Published:08/01/07

2006 saw the highest level of consumer bad amount overdue for banks on record, according to info released from KPMG The figures indicate that for the first time the one hundred thousand barrier has been out of order in terms of the number of people ...

ABCUL recommends loans over credit cards - Published:04/11/06

The organization of British Credit Unions (ABCUL) has recommended that consumers concerned about debt problems and issues could be far better off taking out a personal loan rather than a credit card if they are looking to raise financeThe Associatio...

Brits keep silent on money, says first direct - Published:02/11/06

Only a minority of people disclose in their best friends about their money troubles, according to new investigate undertaken by first directIt found that just 22 per cent of persons in the UK would consider discussing their cash problems with a most...

UK far from debt meltdown, says A&L - Published:01/11/06

The UK is a extended way from the debt meltdown predicted by some analysts, figures from coalition & Leicester have claimedAs bankruptcies and other debt management schemes such as Individual Voluntary Agreements (IVAs) have hit record take-up level...

brits can't keep rein on summer spending - Published:31/10/06

Brits are not in manage of their summer spending, according to figures from Chiltern Debt Management which will give consumers much cause for concernMore than one in three UK people is live with fire when taking a break from work, the firm said, wit...

Debt managers 'brought pain' - Published:30/10/06

Like many people who have fallen through the money owing trap door, Paul Ronney consideration he could handle his borrowings"Everything was reasonable until I brreasonablee up with my partner and lost the possibility of overtime at work At that poin...

Read More: Debt Managers 'Brought Pain' >>

Teachers lack confidence in teaching finance - Published:28/10/06

Financial education in minor schools is being held back by teachers' lack of specialist information of the field says a survey by the monetary Services Authority (FSA)While many said that they believed that schools should assist pupils to gain a bas...

Barclaycard launches flexi-rate credit card - Published:27/10/06

Following a successful trial era, Barclays has announced the general let go of its flexi-rate credit card from 24th October 2005University of Warwick carried out research into the ground-breaking credit card format that aims to help people run their...

Golden rules of debt - Published:26/10/06

persons who are in debt are already under considerable pressure, but they can exacerbate their trouble by falling into traps while annoying to deal with their debt problemAn adviser from a leading indepedent free money owing helpline gives her golde...