Retailer John Lewis is apparently trying to prevent people from developing debt problems by reprinting a thrift and debt help guide from yesteryear. Dozens of useful tips and debt advice have been compiled by staff at department store John Lewis into a booklet called “Make Do And Mend”. This was the title used by the [...]
August, 2009
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 [...]
Katona arrested after attack over debt problems
Former “I’m a celebrity…” contestant Kerry Katona has been arrested by police in Warrington on suspicion of attacking her accountant over an argument regarding her debt problems. Cheshire Police confirmed that a 28-year-old woman from Wilmslow, understood to be Kerry Katona, was detained at Hawthorne Business Park yesterday. The mother-of-four was also questioned on suspicion [...]
Debt problems strained by ‘one in five’ young uninsured drivers
Over one in five young drivers (aged between 17 and 20) has no car insurance, which is causing further strain on the debt problems of other drivers, according to latest figures released. The study by the Motor Insurers’ Bureau, shows that hundreds of thousands of recently qualified drivers are driving illegally. This has a detrimental [...]
Debt problems to grow as jobless households hit 12 year high
The debt problems of millions of households look set to continue, as figures released today show the number of jobless households has leapt to almost half a million – the highest level since 1997. According to figures released today by the Office for National Satistics (ONS), the number of households with at least one person [...]
Country’s debt problems at an end?
A surge in confidence amongst businesses could signal that the UK’s debt problems are at an end, according to research. A study by the Institute of Chartered Accountants in England and Wales (ICAEW), found that optimism among professionals soared in the third quarter, to the highest levels in two years when the financial crisis began. [...]
Brits delay divorces over debt management worries
More people are putting off getting a divorce because of the financial and debt management implications of the recession, according to recent research. According to a survey of divorce lawyers by advice website unbiased.co.uk, there has been a decline in divorce agreements during the recession, due to the economic climate. Their study found that half [...]
Homeowners not receiving full debt help from lenders
Despite the base rate of interest being cut by 4.5 per cent over the last twelve months, mortgage lenders have failed to pass on this debt help to their customers – only dropping the rates on their customer’s mortgage debt by an average of 1.3 per cent. Figures from moneysupermarket.com show that the average interest [...]
Lender’s “magic” trick causes debt management worries
You wouldn’t think that banks and other lenders could be magicians, but they are increasingly causing debt management worries by one of their nasty “magic” tricks. It doesn’t involve a rabbit and a hat, or a scantilly clad Debbie McGee-type assistant being chopped in half, but rather more a worrying financial trick of turning an [...]
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 [...]
Men Behaving Badly star opts for IVA to relieve debt problems
Neil Morrisey, the star of Men Behaving Badly has opted for an IVA to help relieve his multi-million pound debt problems. After a property scheme that he had invested in collapsed, the actor and TV star was forced to seek debt help after losing £2.5 million pounds. The voice of Bob the Builder had invested [...]
Students facing debt problems for years to come
University students starting their degree courses this autumn could be developing debt problems for years to come, as they are expected to graduate owing around £23,000 a survey predicts. The study of 2,024 students by The Push Student Debt Survey, questioned academics at varying stages of their degree courses and discovered that debt levels averaged [...]
More than 100 ‘misleading’ debt advice firms closed by Ministry of Justice
The Ministry of Justice (MoJ) has closed down more than a hundred claims management firms in the last two years, after they had been found guilty of giving misleading debt advice to vulnerable consumers. The report from the MoJ said the companies, which included a number of personal injury and claims management firms, were guilty [...]
“Debt problems, for the Arsenal”
As the Premiership football season kick-started this weekend, many supporters around the country risk developing debt problems to support their multi-million pound footballing icons. According to research, around one in five football fans has been forced into debt to cover the cost of following their team. With the cost of following your football team rising [...]
Debt problems forever for one in seven
Research carried out by Moneysupermarket found that one in seven people believe they will always be in debt. The study also found that over a quarter of people had increased their borrowing in the last twelve months, which suggests that some may be trying to hide their debt management issues by borrowing further. Tim Moss, [...]