Recent figures from the Finance & Leasing Association show that consumers are becoming increasingly reluctant to take out additional credit. The report revealed that credit card and store card borrowing in July was down 9% and 24% respectively year on year, indicating that consumers remain uncertain over whether the economy is in the midst of […]
Read MoreDebt Advice Foundation is urging women with debt problems to seek help and advice, after new figures revealed the number of insolvencies among females in the UK has soared over the past decade. Research by the Insolvency Service shows that the number of women being declared bankrupt increased from 6,042 in 2000, to almost 30,000 […]
Read MoreAs the nation awaits the outcome of the government’s emergency budget next week, a survey has indicated that people’s confidence in the UK’s economy has hit ‘rock bottom’. uSwitch, the comparison and switching website, has revealed that 45% of the people it polled are concerned about their finances, with many unwilling to commit to life […]
Read MoreWorrying research from R3, the industry body for insolvency, estimates that up to 67,000 people struggling with debts have contacted a loan shark or doorstep money lender, and even more have considered doing so. R3 President Steven Law says: “Going to this source for financial resolution will simply build up a larger store of debt […]
Read MorePopular coronation street actress Beverley Callard who plays brazen landlady Liz McDonald, has recently been sharing her story with the press as she announced her engagement. In an interview with the Mirror (opens a new window) the actress talks openly about her depression and the effect of debt on her relationship.
Read MoreA 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 […]
Read MoreNew 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.
Read MoreResearch 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 […]
Read MoreWith 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 […]
Read MoreAs 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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