Archived News & Related Stories

Northern Rock to increase debt-related appointments
Northern Rock has announced plans to redeploy members of its workforce to the debt management sector as it expects the number of people struggling to pay mortgages and loans to increase in the next year, according to reports.... >>

UK bank reduces overdraft charges
Anyone looking to avoid either debt management or debt problems may be interested by news that Barclays is to reduce its fees for unauthorised overdrafts, it has emerged.... >>

Survey reveals expectation of less disposable income
More than one out of every three Britons expect to have a reduced disposable income, it has been claimed.... >>

UK teenagers `aspire to debt`
New research has drawn the worrying conclusion that many British teenagers consider debt a necessary part of their financial future.... >>

Debt Management: when bankruptcy isn`t the answer...
Debt management plans are almost certainly keeping thousands of borrowers from going bankrupt. As figures from the Insolvency Service reveal, there were over 25,000 insolvencies in the first three months of 2008 – and according to R3, the Association of Business Recovery Professionals, that figure tells only part of the story. ... >>

Debt problems `affecting more affluent`
A national advisory body for debt advice centres has claimed that debt problems are growing in some of the least expected locations.... >>

The plus side of falling house prices
Panic is occurring in the property markets. After a decade and more of spectacular growth, the inevitable is currently happening. Price growth is slowing and, in some areas of the UK, house prices are starting to fall.... >>

Debt management helps the money go further
When someone can only just manage their monthly debt payments, how do they cope when the cost of living shoots up? According to consultancy Capital Economics, the average household is spending far more on food, bills and other unavoidable expenses than they were just 6 years ago, when these costs accounted for 25% of their income. Today, this figure stands at 31%. ... >>

Banks` debt problems `worry consumers`
While many consumers do not seem too worried about their own debt problems, many are concerned about the financial traumas facing their banks, a new study has revealed.... >>

Banks will penalise "excessive" savings withdrawals
Many banks are likely to hit customers with penalties if they make too many withdrawals from instant savings accounts to pay off bills and debts, an industry expert has warned.... >>

Summer hols culled as debt worries grow
Over half of Britons will cut back on spending on their summer holidays this year as debt problems continue to mount, a new study has found.... >>

House prices fall for first time in 12 years
House prices across the UK have fallen on an annual basis for the first time in over 12 years, according to new data from Britain`s largest building society.... >>