Dorset debt concerns on the increase

According to charity officials there are now more people than ever in Dorset who are worried about personal debt levels. The data comes from the Citizen’s Advice Bureau which said that it is now dealing with more debt related issues than ever before in Dorset. In the past the number one concern, according to the [...]

Some Brits spend huge chunk of income on debt repayments

There are many people across the UK who have found themselves in increasing levels of debt over recent months, with the difficult financial climate making it more and more difficult for consumers to manage without turning to some form of credit. However, consumers are paying the price for their debts with a recent report indicating [...]

Pay freezes could lead to more debt

There are concerns that continued pay freezes amongst public sector workers in particular could lead to increased debt, as households continue to struggle trying to cope with soaring living costs on salaries that are not rising. Even employees that are receiving a pay rise are finding that the increase is nowhere near enough to cover [...]

Personal debt affects household income

Household finances for the month of July continued to decline, with the state of finances being blamed on both personal debt levels and inflation. Consumer spending power has plummeted over recent months, with soaring inflation resulting in households having to increase the amount that they are paying on essentials such as food, petrol and energy [...]

Low earning people more reliant on credit cards

Over recent years more and more people have become reliant on credit cards, often because the difficult financial climate has left them struggling to make ends meet the way that they were previously able to. Other factors have also affected the increasing reliance on credit cards, such as soaring inflation coupled with wage freezes or [...]

Younger people get advice on finances from family and friends

Whilst there are a number of financial experts available to offer assistance and help to consumers these days, a recent study has shown that the majority of younger people tend to ask their friends and family for advice and help about their finances rather than turning to the industry experts. The study was carried out [...]

Crewe debt levels cause for concern

Personal debt levels in the Crewe area have raised concerns amongst industry officials, who are worried about the high level of personal debt in the area, which has grown over the past couple of years. Personal debt levels have been increased or causing issues for households all around the country for the past few years [...]

Debt management firms exercising rogue practices

Following an investigation by the BBC it has emerged that some debt management firms have been exercising rogue practices, where they have been taking monthly payments off clients but have been failing to pass these on to the client’s creditors, leaving consumers in a worse situation than they were in before they signed up to [...]

Household debt for families gets worse

According to the results of recent research the household debt for families with children has been increasing since the beginning of this year whereas couples that do not have children are managing to reduce their debts and even save some money in some cases. The research was carried out by insurance and pensions giant Aviva, [...]

Many younger people struggling with debts

There are many people across the UK that are struggling with debts in the current financial climate, with people of all ages finding it difficult to cope with the level of debt that they have. The Money Advice Trust has now released figures relating to the debt related problems being experienced by younger people in [...]

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