Industry News | Page 40 of 42 | Debt Advice Foundation

Misleading Debt Management Firms Shut Down In High Court

A number of Stockport based debt advice and loan brokerage companies, run by the same group of directors, have been shut down in the High Court after an investigation in to mismanagement of the firms by the Insolvency Service. The companies, which included theloansupermarket.co.uk, Easysteploans (UK), Carter & Carter Financial and TLG Loans were wound-up […]

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UK Unemployment Increases Again

New statistics issued by the Office for National Statistics (ONS) have revealed that UK unemployment rose by a further 53,000 in the first quarter of 2010, pushing the number of unemployed to its highest level since 1994. The statistics also revealed that the unemployment rate was up 0.2% on the quarter, bucking the recent trend.

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Recession Takes Toll On UK’s Wellbeing

Research carried out by mental health charity Mind, has revealed compelling evidence that the recent global economic downturn had a serious impact on the wellbeing of British workers. According to the research, 10% of workers had visited their GP due to stress caused by the recession whilst 7% have started taking antidepressants. Staggeringly, the research […]

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How Will Parliament Hang With UK Consumer Debt?

With the UK preparing for its first hung parliament in over 35 years and with individual insolvencies reaching an all-time high, we’re asking whether consumer debt is high enough on the political agenda and how the Government is going to tackle the growing consumer debt crisis. Previous attempts by Government to tackle consumer debt have […]

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Consumer Debt Time-Bomb Ticks In The Countdown To The Election

As we count down to the UK’s general election, it is important to look at how the political parties intend to tackle the consumer debt crisis and what impact new leadership could have. With one-in-ten British residents struggling to manage their credit commitments and personal debt now standing at around £1,500 billion, addressing the problem […]

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British Consumers Hiding £55 Billion Debt

We were interested to read the research recently published by the Post Office, which claims that UK consumers are hiding £55 billion worth of debt from friends and family. According to the research, one fifth of the population are not telling their partner the truth about how much they owe, with one third keeping it […]

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Call For Government Debt Advice Strategy Overhaul

margin: 0cm 0cm 0pt; text-align: justify;”> A damning report into the failings of the Government’s multi-million pound debt advice strategy has highlighted the need for a new approach in tackling the UK’s consumer debt crisis. margin: 0cm 0cm 0pt; text-align: justify;”> As a national debt charity that has demonstrated the benefits of sustainable, self-funded debt […]

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Government Debt Advice Strategy Branded A ‘Failure’

margin: 0cm 0cm 0pt; text-align: justify;”> The management of the government's strategy for helping people in debt has been branded a "complete failure" by a committee of MPs. margin: 0cm 0cm 0pt; text-align: justify;”> The Public Accounts Committee said 51 different projects since 2004 had been uncoordinated, with no-one in charge.

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Household Debt Continues To Rise

MARGIN: 0.0cm 0cm 0pt; TEXT-ALIGN: justify”>Britons now owe more money than the value of the entire country’s annual produce according to the latest figures from Credit Action. Average UK household debt including mortgages, is now £58,083.The typical adult owes £30,328 including repayments on their home – 132% of average earnings.

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Many Still In The Red As The Green Shoots Of Economic Recovery Start To Show

margin: 0cm 0cm 0pt; text-align: justify;”> According to research carried out by the British Banker’s Association, £1.3bn in consumer loans was issued in February 2010, which is an increase of £100m on the previous month and the highest on record since September 2009.

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