People losing sleep over finances
April 1, 2011
It has been claimed that more and more people are losing sleep over their finances these days, with the strain on household finances causing immense stress for many people. Charities have warned that many people cannot sleep because of their debt problems, and have gone as far as to say that debt worries are keeping [...]
Consumers less confident about finances after budget
March 28, 2011
The recent 2011 Budget speech from the Chancellor of the Exchequer was, no doubt, meant to put the minds of consumers to rest, at least in some respects. However, despite George Osborne doing his best to lighten the load with various schemes aimed at increasing affordability such as first time buyers schemes and fuel duty [...]
More money found to fund debt advice
February 14, 2011
Recently the government announced that it would be cutting funding for debt advice services in the UK, sparking fears that the rising number of people hoping to get advice relating to their debt problems would be left high and dry. The situation elevated to the point where many debt advisors with the Citizen’s Advice Bureau [...]
CAB cuts debt advisor jobs
February 10, 2011
With personal debt problems at sky high levels getting debt advice has become a lengthy and challenging task, as there are so many people clamouring to get advice on their huge debt levels. Many have called for greater resources to ensure that struggling consumers are able to get the debt advice that they need, but [...]
Brits don’t worry about debt until they owe nearly £16,000
January 12, 2011
A recent survey has shown that alarmingly the average Brit does not start to worry about personal debt levels until they owe almost £16,000. The study was commissioned by Scottish Provident, and involved polling more than two thousand people. The results of the survey showed that only when the average Brit owed £15,837 on credit [...]
Consumers face fresh debt woes after Christmas
January 4, 2011
The excitement of Christmas and New Year is now well and truly over for yet another year, and for many people all that is left is the thought of facing the huge pile of debt that they have accrued over the festive season. Despite the difficult financial climate many people rushed out to the High [...]
Brits to start the New Year in huge debt
December 29, 2010
According to a recent report many Brits will start the New Year with a huge debt hangover, having spent a fortune over Christmas, which may have been added to existing debt that they already had prior to the festive season. However, another thing that is set to impact hugely on consumer debt levels is the [...]
Low interest rates have not helped with family debt
December 18, 2010
With the UK’s personal debt levels spiralling, and many struggling to hold on the their homes due to the inability to meet mortgage repayments, it was hoped that by bringing the base interest rate down to just 0.5 percent – its lowest level in the history of the Bank of England – households would be [...]
Card users could spend more this December than last year
December 16, 2010
The effects of the recession and the financial crisis are still causing havoc in households all around the country, and the many job losses that have been seen over the past year or two have left many people struggling to afford purchases and bill payments, and many are living with overstretched budgets on a month [...]
Will households cope with debt?
December 13, 2010
There are concerns that many households in the UK are not coping with debt or bill payments, after a recent survey by the Bank of England showed that over 50 percent of those that they polled with struggling with payments. The central bank carried out an annual survey into household debt and spending, and the [...]
