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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. 

Could your family survive an “income shock”?

The unexpected has happened: Coping with a reduced income

 
There is no typical person who is most likely to get into financial difficulty. It can literally happen to anyone, at any time. 

The UK suffers first rise in unemployment in seven months

A report by the Office of National Statistics (ONS) shows the UK’s unemployment total climbed by 21,000 to 1.7 million in the three months to February.

 
This increase in the jobless rate was the first since August 2015. The claimant count, which measures people receiving out of work benefits, also made its first shift since August, rising by 6,700 in March.

How should the financial sector serve the ageing consumer?

The number of people aged 65 and over is projected to rise by over 40 per cent in the next 17 years to over 16 million*

 
As breadwinners become retirees, how can banks and other financial establishments change their practices to support them?

Bankruptcy moves online

Bankruptcy used to mean a visit to the court, but new rules mean it can now be done online.

 
On the 6th April 2016, the bankruptcy application process was changed. So how do you apply for bankruptcy? If you have been advised that applying for bankruptcy is the best option for you, below is an overview of these changes and how they might affect you.
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