Repossessions were up 40% in the first three months of 2008, compared to the previous year – and things look set to get worse. (more…)
Archive for the ‘Debt in the News’ Category
Sharp Rise in Repossessions.
Friday, August 8th, 2008Number Of People Going Bust On The Decrease
Friday, August 1st, 2008How Long Before You Run Out Of Cash?
Tuesday, July 29th, 2008The average person’s savings would last for 52 days if other income ceased, a report by the Yorkshire Building Society has suggested. (more…)
The average household is 15% worse off than in 2003
Friday, July 4th, 2008Consumer spending power has fallen dramatically due to rises in the cost of living according to a report by Ernst & Young. (more…)
Are You a FUNT - A Financial Untouchable ?
Friday, June 20th, 2008Many people who have had difficulty repaying their debts are treated by the financial services industry as funts – or financial untouchables. We believe that those who do their best to repay their creditors should be offered the incentive of no black marks, not being treated as financially untouchable and not waiting 6years for credit blemishes to be overlooked.
822 pensioners each day enter into poverty
Thursday, June 19th, 2008The number of pensioners living below the poverty line in the UK has rises to 2.5 million in June 2008, the first increase since 1998. (more…)
600,000 Britons Facing Insolvency
Thursday, April 24th, 2008Almost 600,000 people will be unable to refinance their debts this year after their normal lines of credit are being cut off according to a report by TDX Group. (more…)
Are You Financially Fit, Overweight or Obese ?
Friday, March 14th, 2008A report from Lloyds TSB claims 46% of British adults are ‘financially overweight’, and that 10% are the ‘financially obese’. Lloyds TSB is calling this the Bank Mass Index (BMI) which was developed by Stephen McKay of the Birmingham University.
Call For Government Sponsered Financial Advice Scheme
Wednesday, March 5th, 2008With So many UK consumer experiencing debt management problems, there is clear need for financial educational from an independent body.
March 2007 Statistics From Credit Action Show 9.1% increase in personal debt
Monday, March 3rd, 2008Credit Action are a national money education charity who collate and publish consumer debt statistics each month. (more…)
