Topic: Money Saving Tips | Posted: 2 weeks 1 day 1. Make a budget
A typical family spends more than £820 on Christmas, according to YouGov - which just shows how important it is to budget in preparation. In fact, budgeting is a great habit to get into next year and the years after!
Topic: Money Saving Tips | Posted: 12 weeks 1 day It’s that time of year again…and is it me, or does time fly that much faster with every year that passes? We’re left with memories of hubbie burning the sausages on Summer barbeques and toddlers squealing in paddling pools. (Well, at least we had a Summer this year.)
Topic: Money Management | Posted: 16 weeks 19 hours
A report was published earlier this month by the Government backed Money Advice Service and I'm sorry to say that it doesn't make for happy reading. I've highlighted just some of the key points made:
Topic: IVA | Posted: 17 weeks 1 day I was recently asked by Sarah Pennells, ex BBC journalist and founder of the wonderful SavvyWoman.co.uk website to write an article that would help those people struggling with debt problems to better understand how an Individual Voluntary Arrangement or IVA could help them depending on their personal circumstances.
Topic: Misc. Debt | Posted: 3 years 46 weeks We're encouraging you to write a short article about what it's like to be in debt based on your personal experience.
The idea is simple - to encourage others who are in debt to learn from your experience and help them to realise that they're not alone with their own debt problems.
Your article may include some of the following points:
Topic: Debt News | Posted: 3 years 46 weeks At the time of writing, millions of Britons are struggling to meet their mortgage or rent commitments and many of are resorting to extreme measures to keep on top of their payments. In fact, more than one million cash-strapped householders have actually used credit cards to pay their mortgage or rent in the last 12 months, according to research from the homeless charity Shelter.
Topic: Debt News | Posted: 3 years 48 weeks Our research has received hundreds of responses over the course of the year. A statistic which has not suprised me but is a worry, is that 79% of people in debt are put off borrowing again. This being the case, how will people be able to get themselves back on track and leading life how they would like to?
Topic: Debt News | Posted: 3 years 48 weeks A survey has been running on our homepage for nearly a year now and some of the results are worrying. For example, 68% of respondents said that their work is being affected by debt.
Topic: Debt News | Posted: 3 years 48 weeks Money website 'Claims Financial' reported that the 'Citizens' Advice Bureau is dealing with 9,300 new cases a day from individuals seeking help with 1,000 people attempting to make debt consolidation arrangements each day.
Topic: Misc. Debt | Posted: 3 years 48 weeks When you’re in serious debt one of the biggest hurdles you face is that people don’t tend to open up and talk about their problems. This might leave you thinking that you are the only one facing your problems.
Topic: Debt News | Posted: 3 years 48 weeks Will we ever stop spending money we don’t have?
You might think that a long, drawn out recession would put a dampener on our need to spash out at Christmas. At the time of writing, however, the latest retail analysis figures show that the Boxing Day sales attracted the highest number of shoppers since records began.
Topic: Debt Companies | Posted: 3 years 48 weeks The UK has a wide range of debt advice charities available. Collectively they help hundreds of thousands of people a year and provide valuable and free expert debt advice.
Topic: Misc. Debt | Posted: 3 years 48 weeks Don’t rob Peter to pay Paul
If you find yourself taking out new loans to pay back existing loans at expensive rates of interest because your credit rating is not as good as it once was, it may be time to stop and get help.
Topic: Debt News | Posted: 4 years 16 weeks It won't be a surprise to hear that credit card companies are noticing the fallout from giving consumers too much credit. The latest research from KPMG said there is a rising trend in defaults on unsecured loans such as credit cards.
Topic: Debt News | Posted: 4 years 16 weeks With the economic crisis causing more and more people to fall into debt, these perceived social stigmas are causing a number of repercussions. The findings indicate that a quarter of people (23%) take over a year to deal with their financial troubles.
Topic: Debt News | Posted: 4 years 23 weeks A recent question asked on the forum was whether a County Court Judgment (CCJ) would harm the candidate’s chances of becoming a police officer. It is a question many people ask who are working in a variety of professions for both the public and private sectors.
Topic: Debt News | Posted: 4 years 25 weeks Overworked Insolvency Practitioners have reported that there is a low take-up of the new Debt Relief Orders (DRO) which came into force in April this year. The problem may be that DRO’s only apply to a tiny percentage of debtors – principally those with no income and no assets to work with.
Topic: Debt News | Posted: 4 years 26 weeks The latest figures from YouGov demonstrate that over 700,000 people who are technically insolvent are currently being left off the official insolvency figures even though they are technically insolvent. The reality of debt for Britons is over 1 million are insolvent in the UK – a number which testifies to the prevalence of debt issues confronting so many people today.
Topic: Debt News | Posted: 4 years 26 weeks The Bank of England may have frozen interest rates at 0.5% but someone must have forgotten to tell the credit card companies because their rates are at an all-time record high of around 18%!
Topic: Debt News | Posted: 4 years 27 weeks The Courts in London recently ruled on use of unfair provisions in the Consumer Credit Act which has been promoted by innumerable debt agencies charging enormous up-front fees for a debt solution.
Topic: Debt News | Posted: 4 years 28 weeks The worry which debt brings can and frequently does cause people to make decisions they otherwise would not entertain in a million years. The Office of Fair Trading (OFT) has highlighted the vulnerability of those suffering from debt concerns and that this section of the population is now even more of a target for online and internet scams than their 2008 preferred group – the elderly.
Topic: Repossession | Posted: 4 years 28 weeks An increasing number of homeowners are discovering that unsecured credit cards and loans are being used to compel the sale of their homes to repay the debt. A little known provision in the law allows for unsecured lenders to compel homeowners to sell their homes even though the debt is and was established on an unsecured basis; charging orders.