Debt

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Money News - Bringing the latest debt news, debt advice news, personal debt news and consumer debt news for the United Kingdom, UK

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Money News

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Utility debt 'creates financially excluded people'

Fri 5th Mar 2010

Water and utility debt is creating a demographic of financially excluded consumers who are struggling to repay, it has been suggested.

Prepaid cards 'may help to prevent debt'

Fri 26th Feb 2010

Using a prepaid card is one method being suggested to prevent consumers from getting into debt.

Five million 'permanently overdrawn'

Fri 26th Feb 2010

New research from financial advice website moneysupermarket.com has revealed that one in ten people in Britain are living off their overdraft.

Debt charities urge best practice in credit industry

Thu 25th Feb 2010

Debt charities have called on members of the credit industry to work together to create a policy of best practice.

Charity offers debt help to overdrawn consumers

Thu 25th Feb 2010

Consumers who are permanently in their overdraft should seek help from a debt charity to sort out their finances, it has been suggested.

Record numbers look for debt help

Wed 24th Feb 2010

Record numbers of people are approaching charities looking for help with managing their debts, it has been reported.

Complacency warning for Debt Freedom Day

Mon 22nd Feb 2010

Consumers have been advised to take a serious look at their financial situations to mark national Debt Freedom Day.

50 days pay used on interest, says unbiased.co.uk

Mon 22nd Feb 2010

The first 50 days earnings of this year were used to pay off the interest on debts, according to research by unbiased.co.uk.

One million people 'struggling with debt'

Fri 5th Feb 2010

Up to one million people in the UK are finding it difficult to sort out their debt problems, according to the Association of Business Recovery Professionals (R3).

Warning over debt management companies

Thu 4th Feb 2010

Consumers may be at risk of falling prey to debt management companies that charge fees for their services, according to moneysupermarket.com.

FSA changes are welcome for consumers

Fri 29th Jan 2010

New rules to be introduced by the Financial Services Authority (FSA) that will protect consumers who are using sale and rent back schemes are being welcomed by one debt expert.

Borrowers paying off debts 'due to recession'

Fri 29th Jan 2010

Consumers who had debts before the recession have focused on paying them off, which has resulted in a smaller debt crisis than had been feared, in the view of one specialist.

Shoppers 'remain cautious' over spending

Tue 26th Jan 2010

Consumers are still staying cautious over the amount they spend, despite reports that the economy is out of recession.

Consumers urged to sell items 'only as last resort'

Tue 26th Jan 2010

Individuals who are considering selling off their prized possessions in a bid to pay off their loans are being advised to call in the help of a debt charity first.

Consumer energy debt levels rise

Fri 22nd Jan 2010

The average energy debt level was 20 per cent higher in the third quarter (Q3) of 2009 than it was in the corresponding period of 2008, new figures have shown.

Parents return to work amid debt fears

Mon 18th Jan 2010

Many parents are returning to work earlier than they had intended to, amid worries about increasing levels of debt.

Inflation 'causing pensioners to release equity to pay debt'

Fri 15th Jan 2010

Rising food and fuel prices have been cited as one of the main reasons why an increasing number of older people are releasing equity from their homes in order to pay off debt.

Over 1m paying their rent with credit cards

Mon 11th Jan 2010

More than a million people in the UK are paying off their rent or mortgage using their credit cards, it has been stated.

Managing finances 'a new year's resolution'

Thu 31st Dec 2009

Planning finances more effectively is a new year's resolution for many, according to Gocompare.com.

British adults 'fall further into debt'

Thu 31st Dec 2009

Adults in the UK are falling further into debt as their savings levels drop, according to Unbiased.co.uk.

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