February 2010

Overindebted Consumers Reluctant To Share Financial Problems With Their Partner

Research carried out by debt advice charity Debt Advice Foundation has revealed 47% of people struggling with debt are hiding their financial problems from loved-ones, with 21% claiming they’d been burdened with their partner’s debts.

Charity Launches Online Debt Tools As Personal Insolvency Reaches All Time High

With personal insolvency at an all time high, national debt charity Debt Advice Foundation has launched an online debt tools section to combat Britain’s spiralling debt problems.

Figures released today show that 134,142 people became insolvent in the UK during 2009 and a report from the National Audit Office has highlighted that traditional sources of debt advice are struggling to cope with demand.