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Three-Quarters Of Complaints Against Payday Lenders Upheld By Ombudsman

Posted: 30th Jan 2012 by Press Office | Categories: DAF News

Debt charity Debt Advice Foundation is warning consumers of the dangers of taking out payday loans after new data from the Financial Ombudsman Service revealed they topped the table for the percentage of complaint decisions made in favour of the consumer.

In the last three months of 2011, almost three quarters of complaints about payday loans were upheld. The Financial Ombudsman Service received 75 new complaints about payday loans from October to December last year – 25% more than they received for the whole of 2010/11.

Debt Advice Foundation Helps The Sun's Readers

Posted: 18th Jan 2012 by Press Office | Categories: DAF News

With payday loans very much in the national spotlight at present, The Sun’s SunWoman section put together a comprehensive article demonstrating just how quickly this type of credit can spiral into unmanageable debt.

SunWoman also wanted to offer their readers a dedicated helpline on the day, which is how two members of Debt Advice Foundation team found themselves in the midst of the Sun’s editorial floor, fielding calls from Sun readers on what turned out to be a wide range of debt issues.

MPs United In Call For Financial Education To Be Part Of The National Curriculum

Posted: 15th Dec 2011 by Press Office | Categories: DAF News

Debt Advice Foundation has warmly welcoming today’s (15 December) debate in the House of Commons which called for financial education to be included in the national curriculum to help address the "national problem of irresponsible borrowing and personal insolvency".

A detailed report was also published ahead of the debate.

The 12 Debt Tips Of Christmas

Posted: 5th Dec 2011 by Press Office | Categories: DAF News

We all want to be generous at Christmas – but with so many families facing reduced incomes this year, how do you make sure you don’t end up with your own personal credit crunch come January?

Here are Debt Advice Foundation’s top tips for keeping your Christmas spending under control:

Payday Loans Fuelling Consumer Debt Problems

Posted: 21st Oct 2011 by Press Office | Categories: DAF News

Our latest research has found that payday loans are fuelling consumer debt problems, while demand for this type of easy-access credit appears to be soaring across the UK.

The charity’s latest survey has found that 41 per cent of those struggling with debt claim their financial problems are the result of high interest ‘payday’ lending. We’ve also found that online searches for ‘payday loans’ have worryingly doubled in the past 12 months.

Southlands Pupils Become Money Mentors For ‘My Money Week’

Posted: 18th Jul 2011 by Press Office | Categories: DAF News

Pupils at Southlands High School marked this year’s My Money Week by mentoring a group of primary pupils using Money Diaries, a classroom resource tackling financial issues written by Southlands students in partnership with Debt Advice Foundation.

Charity Supports All Party Parliamentary Group

Posted: 17th Jun 2011 by Press Office | Categories: DAF News

Debt Advice Foundation has become a registered supporter of the All Party Parliamentary Group on Financial Education for Young People.

The group, which is chaired by Justin Tomlinson MP, aims to support schools in the delivery of financial capability and ensure young people are equipped to make informed financial decisions.

Shadow Education Minister Visits Charity’s Money Education Centre

Posted: 27th May 2011 by Press Office | Categories: DAF News

The Shadow Secretary of State For Education, The Right Hon Andy Burnham MP, officially presented Debt Advice Foundation and Southlands High School with the PFEG Centre of Excellence accreditation for work undertaken in establishing the Money Education Centre for children.

The award recognises projects in the UK that have taken big steps in bringing the subject of personal finance into classrooms.

A Fond Farewell To Trustee Paul

Posted: 20th Apr 2011 by Press Office | Categories: DAF News

We would like to wish one of our Trustees – Paul Latham – the very best for his relocation to America.

Paul has played a significant role in the development of the charity over the last 4 years and we are extremely grateful to him for volunteering his time and expertise to Debt Advice Foundation. He officially steps down from his role as Trustee this month and we wish him well for his new life in the US.

Money Diaries Schoolchildren Interview Meryvn King And Robert Peston

Posted: 21st Sep 2010 by Press Office | Categories: DAF News

Last week pupils from Southlands High School met with the Governor of the Bank of England, as part of our Money Diaries education initiative.

Chairman of Debt Advice Foundation, Dennis Benson, accompanied a team of students to London to meet a number of financial experts - to discuss the provision of financial education in schools and help the pupils get a better understanding of why the UK's debt crisis happened.