Archive for the ‘Debt Management’ Category

A steep rise in those becoming ineligible for debt repayment plans is bad news for anyone struggling to make ends meet. Follow our tips to improve your financial position. Full story

According to figures released by debt charity Consumer Credit Counselling Service, men are more likely to become insolvent than women. Last year, of those the charity recommended an Individual Voluntary Agreement (IVA) to, 55.4% were men, whilst 51.4% of those recommended bankruptcy were also men. The existence of an insolvency gender divide is supported by ... Full story

Advice UK, Citizens Advice, the Institute of Money Advisors and the Money Advice Trust yesterday released a report setting out five steps creditors should take to achieve best practice in debt collection. To coincide with the report, the aforementioned groups are also calling on the credit industry to discuss with them about how debt ... Full story

Fuel, phone and overdraft debt problems have soared according to figures from Citizens Advice, but make these three switches and save yourself £400 - and problems. Full story

Government plans to make more people eligible to apply for Debt Relief Orders (DROs), providing extra support for those in financial difficulty, have been announced by Business Minister Ian Lucas. The proposed changes to DROs would mean that those with very small pension pots would be able to apply for the Orders, which ... Full story

Inflation reaching 3.7 per cent last month means most of us are now losing money on our savings - here's how to make sure you are not. Full story

The Council of Mortgage Lenders (CML) has reported that the total number of repossessions in 2009 was 46,000 - the highest since 1996. Meanwhile, the Ministry of Justice has released the latest statistics on mortgage possession actions in the county courts during the fourth quarter 2009. The report reveals that 20,061 mortgage ... Full story

The latest figures from the Insolvency Service have revealed that there were 35,574 individual insolvencies in England and Wales in the fourth quarter of 2009. This was an increase of 24.9% on the same period a year ago. This was made up of 17,007 bankruptcies (which were down 5.5% on the corresponding quarter of the ... Full story

The high cost of housing is fracturing families, a charity has warned today. New research by the housing charity Shelter has revealed the huge impact the housing shortage is having on families across Britain, with 1.5 million adults saying they are unable to look after their elderly parents because they can't ... Full story

The Financial Services Authority (FSA) has set out a package of measures that it claims will help to ensure that mortgage holders in arrears are treated fairly. The proposals strengthen existing rules on arrears handling, aiming to: - Make plain that firms must not add early repayment charges on arrears charges and interest levied ... Full story