News Archive for June 2010

Virgin Money aids debt management with positive card payments order

30 June 2010

Debt management could become easier for Virgin Money credit card customers as a positive order of payments comes into force.



Rising credit card costs add to debt management burden

29 June 2010

Debt management efforts for credit card users could intensify as interest rates are predicted to rise in years to come.



Effective debt management 'depends on credit card offers'

28 June 2010

Short-term and long-term best-buy credit cards could have different applications as part of consumers' debt management efforts.



Consumers 'should understand debt management from outset'

28 June 2010

The implications of different products for debt management obligations should be known by consumers before they sign a contract, it is suggested.



Banks look to reform 'punitive' fees for poor debt management

25 June 2010

Fairer charges for overdraft debt management failings could see banking become cheaper for those living on the edge of affordability.



Lloyds TSB fee cuts are good news for overdraft debt management

24 June 2010

Debt management could be a little easier for Lloyds TSB customers as the bank cuts its charges on planned and unplanned overdrafts.



Higher rate aspirations may be bad news for debt management

24 June 2010

Debt management efforts could soon be hit as the MPC's appetite appears to shift towards higher interest rates.



Planned interruption to online bankruptcy forms service from July 16th

24 June 2010

People in bankruptcy may be affected by IT upgrades at the Insolvency Service this July.



New mums working through debt management fears

23 June 2010

Many mums return to work due to worries about debt management, research reveals.



Budget implications for UK debt management efforts

23 June 2010

Britons' debt management efforts could be affected by this week's Budget announcement.



Wales 'preparing for renewed debt management attempts'

22 June 2010

Welsh residents hold debt management aspirations for the months to come.



Overseas transactions could jeopardise credit card debt management

22 June 2010

Spending while abroad could put credit card debt management in doubt.



Four in ten struggle with debt management but do not seek help

21 June 2010

Two-fifths of people facing debt management difficulties still do not look for help from experts.



Prepaid cards could play growing role in UK debt management

21 June 2010

Wider uptake of prepaid cards could see the UK debt management landscape change by 2018, while cheques are due to be phased out.



Mortgage debt management obligations up seven per cent

18 June 2010

A seven per cent rise in mortgage lending could put more households under greater debt management demands.



Prudent mortgage holders 'put funds towards debt management'

18 June 2010

Alternative means of debt management have been a focus for spare funds as some households' mortgage costs have dropped in recent months.



Car buyers stick to debt management principles

17 June 2010

Effective debt management has seen car buyers stick to lower-rate unsecured personal loans, rather than higher-rate vehicle finance deals.



IVA awareness increases with age

17 June 2010

Older people are more likely to know of IVAs as an alternative to bankruptcy, according to figures from R3.



'Toxic consequences' of poor consumer debt management

16 June 2010

Poor debt management by consumers and risk-taking by banks combined to create the 'toxic' financial circumstances that led to the credit crunch.



Financial fear 'increases bankruptcy risk'

16 June 2010

Bankruptcy risks can be greater for people who hide from their financial difficulties.



One in seven face debt management difficulties

15 June 2010

Debt management is leaving one in seven UK households in financial difficulty, while others are borrowing to cover day-to-day costs.



Motorists show greater debt management confidence

15 June 2010

Debt management confidence appears to be growing among motorists as more seek finance for new vehicle purchases.



'One shot' to safeguard UK debt management

14 June 2010

Debt management - both governmental and consumer - could be impacted for the long term by the coalition's upcoming budgetary decisions.



Debt management landscape may not change in 2010

14 June 2010

A fixed base rate until the end of the year could provide some predictability to Britons' debt management expectations.



No change for debt management efforts as base rate fixed again

11 June 2010

An unchanged base rate could mean little change for many people's debt management obligations.



Young people face debt management pressures

10 June 2010

The pressures young people face on their finances could impact any debt management aspirations they may hold.



Could debt consolidation achieve Government's aims?

10 June 2010

Debt consolidation loans could help more citizens to achieve the government's aim of living within their means.



Time could be right for debt management on SVR mortgages

09 June 2010

SVR mortgage holders may want to look again at their debt management plans.



Income protection 'a better means of debt management'

09 June 2010

Debt management obligations can be protected by a single policy, rather than by individual PPI products.



Credit card competition 'aids debt management'

08 June 2010

Debt management could benefit from renewed competition among credit card providers.



Debt management 'is a worthy way to use spare funds'

08 June 2010

It is rational to put any spare funds towards debt management efforts in a low-interest environment, according to moneysupermarket.com.



Men face growing debt management difficulty

07 June 2010

Falling incomes have increased debt management problems for many men, new figures show.



Base rate fix could leave debt management obligations unchanged

07 June 2010

Debt management obligations could stay unchanged for tracker mortgage holders as the Bank of England meets on Thursday to set interest rates.



Balance transfers 'a good approach' for credit card debt management

04 June 2010

Moneynet suggests that credit card balance transfers are still an effective means of debt management.



Bankruptcy declared every minute

03 June 2010

Bankruptcy and insolvency proceedings are now entered into every 51 seconds on average.



Increased secured lending changes debt management landscape

03 June 2010

Debt management could be more important for the greater number of Britons using their homes as collateral for secured lending.



Debt consolidation could halt credit card bill-paying

01 June 2010

People who pay bills on their credit cards could look to debt consolidation to get back into the black in the medium term.



Families feud over debt management and money worries

01 June 2010

Debt management could be one of the money worries fuelling family feuds in recent months.



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Debt News

Low house prices 'bad news for people with debt management problems'

07 September 2010

Anyone looking to remortgage their home to deal with debt management issues may struggle because of the falling house prices.

Making minimum credit card payments 'indicates debt management problem'

03 September 2010

One of the signs a person may be struggling with debt management is that they only ever make minimum repayments on their credit card, one organisation has said.

Bank write-offs for those with debt management problems peaked in Q2

02 September 2010

Debt management problems in the UK could still be prevalent after new figures from the Bank of England showed record amounts of write-offs for credit cards.

More look for debt management advice in Q1 2010

01 September 2010

There was an increase in the number of people looking for debt management advice from Citizen's Advice Bureaux in the first three month of 2010.

Bankruptcy ‘not the easy option’

31 August 2010

Filing for bankruptcy in cases of financial difficulty may not necessarily always be the easy option.

Poor debt management causing Scottish homelessness?

31 August 2010

Homelessness in Scotland may be being caused by poor debt management, with a recent study showing a number of cases are due to mortgage arrears.

Retired people to need debt management solutions?

31 August 2010

Debt management could affect pensioners, with living costs and inflation rising

Students 'should budget to avoid debt management problems'

31 August 2010

Those going to university should make sure they draw up a monthly budget to avoid finding themselves with debt management problems, it has been advised.

Arrears data 'not reflective of debt management problems'

31 August 2010

If interest rates were not at an historic low, there would be more people struggling with debt management, one expert has said.

Thousands of new debt management problems seen every day

31 August 2010

Thousands of new debt management cases are being seen by Citizen's Advice Bureaus every day, it has been revealed.

Debt News Archive