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Debt Advice Foundation implements new universal debt-calculating tool

Debt helpline now using the Standard Financial Statement for all calls

 
The charity’s advisers are now using the Money Advice Service’s new guidelines, known as the Standard Financial Statement (SFS) when speaking to callers about their income and expenditure. 
 

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Debt Advice Foundation implements new universal debt-calculating tool

Debt helpline now using the Standard Financial Statement for all calls

 
The charity’s advisers are now using the Money Advice Service’s new guidelines, known as the Standard Financial Statement (SFS) when speaking to callers about their income and expenditure. 
 

Consumer spending increased momentum in February

Following a slowdown in January, consumer spending picked up again in February

 
Concerns were raised about the January dip as consumer spending, often on credit cards, was said to be propping up the UK economy after the shock of Brexit.  

The dangers of becoming desensitised to debt

With University Degrees now costing a maximum of £27,000, are students becoming desensitised to debt?

 

Debt worries in retirement

One in four people retiring this year expects to do so in debt according to new report

 
Prudential’s Class Of 2017 report also states that those retiring in debt do so owing an average of £24,300, up from one in five last year.
 

Unsolicited calls from Debt Advice Foundation

Have you had a call from us that you didn’t ask for?

 
Please be aware that we have had a number of enquiries from members of the public to say they have missed a call from our 0800 helpline number, but we have not called them. 
 

Top tips to surviving financial difficulty

How to survive being in debt

 
There is no typical person who is most likely to get into debt. It can literally happen to anyone, at any time. Often there is a ‘shock’ which radically lowers household income, such as job loss or the end of a relationship. With many people having little savings, they can find they are no longer able to repay monthly credit commitments or start to run up debts to meet living costs.

Debt Advice Foundation passes with flying colours

Quality mark retained after audit

 
Staff at Debt Advice Foundation are celebrating after successfully maintaining the charity’s Advice Quality Standard (AQS) approved status, a nationally recognised quality mark for organisations who provide free and independent advice to members of the public.  
 

New help for home improvement workers to tackle problem debt

Two charities have formed an alliance to tackle the impact of low income and debt 

HSBC to pay £4million in redress

HSBC has agreed to set up a compensation scheme for customers who may have paid unreasonable debt collection charges

UK inflation at highest for 2 years

Inflation was at its highest in December since July 2014

 
Inflation rose to 1.6% between December 2015 and December 2016, a sharp rise when compared with a 1.2% rise between November 2015 and November 2016.
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