Personal Debt Stories Making The News

God's principles help tackle debt - South Wales Evening Post

God's principles help tackle debt
South Wales Evening Post, UK - 16 Nov 2008
"The total personal debt in the UK is currently around £1.5 trillion, and is rising at a rate of £200 million every day. "In the middle of those pressures, ...

Energy firms under pressure to pass on new low oil prices - Independent

Energy firms under pressure to pass on new low oil prices
Independent, UK - 17 Nov 2008
Yesterday, the Citizen's Advice Bureau said the number of fuel debt inquiries increased 13 per cent during 2007-08. Age Concern warned that 5.4 million ...

Citizens Advice promises €˜self-help€™ debt management by 2010 - CreditChoices.co.uk

CreditChoices.co.uk
Citizens Advice promises €˜self-help€™ debt management by 2010
CreditChoices.co.uk, UK - 4 Nov 2008
David Harker, chief executive of Citizens Advice said: €œPersonal debt in the UK accounts for one in every three problems we are asked to help with. ...

Debt advice proposals unveiled - Belfast Telegraph

Debt advice proposals unveiled
Belfast Telegraph, United Kingdom - 7 Nov 2008
The survey was carried out in England and Wales, however Citizens Advice Chief Executive David Harker said personal debt across the UK is growing. ...

Bankruptcy up 10% as debt takes hold of UK - Fair Investment Company

Fair Investment Company
Bankruptcy up 10% as debt takes hold of UK
Fair Investment Company, UK - 7 Nov 2008
Commenting on debt and its side-effects, personal finance manager at uSwitch.com, Louise Bond, added: "At the moment, consumers are being hit from every ...

Charity calls for overhaul of 'self-help debt' - InTheNews.co.uk

InTheNews.co.uk
Charity calls for overhaul of 'self-help debt'
InTheNews.co.uk, UK - 3 Nov 2008
Citizens Advice chief executive David Harker said: "Personal debt in the UK is growing and it now accounts for one in every three problems dealt with by the ...

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Debt Management Case Study

Debt: £6,700
Old Payments: £458
New Payments: £200

Client X is a self employed and contracts work from another business, however, this business has gone bust still owing him £8000. The official receiver has advised the Client X that he will not receive any money and this has caused him financial difficulty. 9 months ago he had no debts, now he's paying back 2 loans and making minimum payments on several cards. Debt Management allows him to start clearing this debt at an affordable wait without having to borrow again.
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