Featured

Questions raised on credit card affordability checks

Over a quarter of credit cards opened were in serious arrears just a year later

 
According to an investigation by the Financial Conduct Authority, a quarter of credit cards  aimed at borrowers with poor credit scores opened in 2013 were in severe or serious arrears by 2014. 

Changes to Insolvency Fees

The amount which the official receiver will be charging in cases of bankruptcy are changing from today.

 

In 2014, the Insolvency Service decided that it would carry out a full review of its funding, including that of the Official Receiver Services.

Is summer more expensive than Christmas for parents?

A survey has found that parents expect to spend more on entertaining their children this summer than at Christmas

 
Keeping children busy over the long summer months can be extremely difficult, especially as this summer already appears to be such a washout in the UK; indoor activities often come at a steep price.

Callers pretending to be from Debt Advice Foundation

Have you received a call from Debt Advice Foundation which you have not requested?

Debt Advice Foundation Chairman receives OBE

Debt Advice Foundation are thrilled to learn that our Chairman of the board of Trustees has been honoured as an Officer of the Most Excellent Order of the British Empire.

Debt Advice Foundation responds to Government consultation on future of the Money Advice Service

In the March Budget, the Treasury announced that the Money Advice Service (MAS) is to be abolished. 

 
The organisation has provided financial and debt advice to consumers since 2010 and will be replaced by a smaller advice body in 2018.
 
Debt Advice Foundation has responded to the Governments consultation on the future of the Money Advice Service, calling for the organisations free Debt Advice Locator Tool to remain when the new body comes into existence.

Thinking about accessing your pension?

So you want to exercise your new pension freedoms, but do you know what the exit fee will be?

 
Currently those wishing to access their pension pots can be stung with exit fees reaching up to 20% of the value of their savings, though many lenders have capped fees to 5%. 

Debt Advice Foundation now member of NHAS

Debt Advice Foundation is delighted to announce that we have been given full membership of the National Homelessness Advice Service. 

 
This means that the charity can offer a more holistic service, with our advisers able to receive extra training on all aspects of debt including that caused by homelessness and housing issues.

What are the different types of vehicle finance?

It is one of the most common reasons for taking on credit, but do you understand what kind of car loan you have? 

Google bans adverts for payday loans

The search engine will no longer allow ads for loans where repayment is due within 60 days.

 
The update is set to be enforced from July 13th 2016.