The UK’s debt management issues have been affected more than you think, with an overall fall in personal wealth of ¬¨¬£31,000 according to a study by the Halifax bank. Due to the global credit crunch and recession, the nation’s finances have suffered from an average fall of almost ¬¨¬£31k per household, straining many people’s ability [...]
credit crunch
Debt advice required as economy shrinks
News that the UK economy is set to continue shrinking in 2009 has caused concern amongst financial advice specialists. They are worried that there could be a large increase in the need for debt advice from hard up consumers, and at a time when the system is already struggling to cope. According to figures released [...]
Women’s spending hides future debt management issues
Research on the spending patterns of Britain’s women has revealed that they may be storing debt management issues for the future by continuing spending. The study, by Post Office Financial Services, found that millions of women are secretly borrowing money from relatives to maintain their spending habits, as they try to uphold their image and [...]