Debt Community

This is where we publish blog posts, articles, research and other debt related information. You'll also find contributions from site users in the debt story section.

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Write About Your Debt Experience And Win £250

Topic: Misc. Debt | Posted: 7 weeks 10 hours
We're looking for writers who know what it's like to be in debt to create short articles outlining their personal experience. What could the article include?

Having trouble covering your monthly mortgage payments? You are not alone.

Topic: Debt News | Posted: 7 weeks 2 days
Millions of Britons are struggling to meet their mortgage or rent commitments, and many of them are resorting to extreme measures to keep on top of their payments. In fact, more than one million cash-strapped householders have used credit cards to pay their mortgage or rent in the last 12 months, according to research from homelessness charity Shelter.

When you're married and in debt, actions speak louder than words

Topic: Misc. Debt | Posted: 8 weeks 11 hours
When you're married or in a relationship and in serious debt, the chances are your relationship is suffering. We say for richer or poorer but most couples don't realize just how hard standing by a vow like that actually is. Debt puts an almost impossible strain on any relationship and it's often what ends up not being said signals the end of the road.

Debt poetry to inspire you to beat debt

Topic: Misc. Debt | Posted: 9 weeks 7 hours
About a year ago we ran a national competition to find a debt poem suitable for our generation as the only one we could find was over a hundred years old. Here's a link to them - debt poems

79% of people in debt will not borrow again - is this good or bad?

Topic: Debt News | Posted: 9 weeks 11 hours
Our research has had hundreds of respondents over the course of the year. A statistic that has not suprised me but worried me is that 79% of people in debt are put off borrowing again.

68% having work affected by debt - here is a plan to get back on track

Topic: Debt News | Posted: 9 weeks 16 hours
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.

1000 people a day contacting the CAB

Topic: Debt News | Posted: 9 weeks 3 days
Money website Claims Financial reported that the 'Citizens' Advice Bureau is dealing with 9,300 new cases a day from individuals seeking help with 1000 people attempting to make debt consolidation arrangements each day.'

10 Debt Myths Busted – A Must Read

Topic: Misc. Debt | Posted: 9 weeks 3 days
What to do and what your options are when you’re in serious debt it knowledge nearly everyone is without until $@&’s hitting the fan. Not because debt doesn’t affect millions, but because those who have been through the experience don’t tend to talk about it.

What will it take to stop consumers’ annual descent into Christmas debt?

Topic: Debt News | Posted: 9 weeks 4 days
Will we ever stop spending money we don’t have? You might think that the long and dismal recession would have put a dampener on our need to splurge. But the latest retail analysis figures show that the Boxing Day sales attracted the highest number of shoppers since records began.

UK’s Best Debt Advice Charities

Topic: Debt Companies | Posted: 9 weeks 4 days
The UK is very luck to have a wide range of debt advice charities.

7 Mistakes You Must Not Make If You Want To Get Out Of Debt

Topic: Misc. Debt | Posted: 9 weeks 4 days
Don’t rob Peter to pay Paul If you find yourself taking our 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.

Start The New Year Debt Free

Topic: Misc. Debt | Posted: 10 weeks 4 days
On behalf of all of the team at Talk About Debt we'd like to wish all of the websites visitors a happy New Year.

Bad Credit Credit Card Debt Rises

Topic: Debt News | Posted: 29 weeks 3 days
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.

Make Debt Management FREE

Topic: Debt Management | Posted: 29 weeks 4 days
Debt Management Plans are not a formal solution that requires you or your creditor to register the plan centrally.

Social Stigma Stopping People Getting Debt Help

Topic: Debt News | Posted: 29 weeks 4 days
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.

Credit Record Affecting Employment?

Topic: Debt News | Posted: 36 weeks 5 days
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.

Take Up Of New Debt Relief Orders Disappoints

Topic: Debt News | Posted: 38 weeks 3 days
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.

YouGov Survey Results: 700,000 Hidden insolvencies

Topic: Debt News | Posted: 39 weeks 1 day
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.

Credit Card Interest Rates at Record Peak

Topic: Debt News | Posted: 39 weeks 3 days
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%!

Commercial Court, London Scuppers Get Debt-Free Quick Schemes

Topic: Debt News | Posted: 40 weeks 5 days
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.

Those in Debt Targeted by Scam Artists

Topic: Debt News | Posted: 41 weeks 2 days
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.

Unsecured Debt May Still Result in Home Repossession: Charging Orders

Topic: Repossession | Posted: 41 weeks 3 days
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.

Twenty and Thirty-something Women Face Higher Debt Costs

Topic: Misc. Debt | Posted: 41 weeks 4 days
Younger people in particular have run into debt in the opening years of the new millennium and are now facing drastically higher debt costs as we end the first decade.

Know Where You Stand with Debt

Topic: Money Management | Posted: 42 weeks 1 day
It does not take much to push a good paying customer who has stuck by their debt repayments to suddenly fall behind a couple of months and even more. Losing a job is an obvious reason but it can be many others too such as loss of overtime or reduced bonuses, illness causing loss of income or increased expenses for a variety of reasons such as a new child or car repair costs.

Is Debt Consolidation the Answer for Me?

Topic: Debt Consolidation | Posted: 42 weeks 3 days
Running up debts from multiple lenders is a fact of life for many households; it is typical to have a couple of credit cards and an overdraft alongside a car loan and maybe another loan or two under credit agreements for the TV or kitchen makeover.