Debt Advice Help and Support

Scheme could prevent vulnerable being lured into easy debt

A new scheme see strict rules being put on banks and other money lenders so that they cannot tempt vulnerable people into debt. The Registry Trust, the public body which deals with records for county court judgements and insolvencies, is currently looking into the possibility of setting up a system which would allow people to [...]

Big Freeze leaves many on the brink of financial ruin

Many Brits are already up to their eyeballs in debts and unpaid bills, and the recent 'Big Freeze' may have tipped a few over the edge. According to the price comparison website MoneySupermarket, British households will have to fork out an additional £1.6 billion just to cover the energy they used during these past few [...]

Financial future of children a major worry for most parents

The financial future of their children is one of the biggest concerns British parents currently face. Some 94 per cent say that they are worried about their kids' future monetary well-being but only a third has considered opening a savings account for them, a study from J.P Morgan Asset Management claims. The second and third [...]

Families cannot enjoy quality time due to financial woes

Concerns over money are not just biting into people's finances, they are also biting into people's ability to enjoy a good life with their families. This is according to a new study from pensions provider Scottish Widows, which said that 34 million British adults are struggling to spend any quality time with their loved ones [...]

70 per cent of families on the brink of financial ruin

In excess of 70 per cent of families are on the brink of serious financial problems, new research suggests. According to a study conducted by parenting site Netmums, almost three-quarters of UK households are close to poverty and could be tipped over the edge if their income falls or the price of day-to-day items such [...]

Debt problems inevitable because there are not enough jobs to go round.

Unemployment levels are soaring so it’s no wonder people are struggling to make ends meet. According to new research, debt management problems are almost inevitable for many people as there simply are not enough jobs go around. Indeed, according to the Trade Union Congress (TUC), one of three unemployed people have been on the dole [...]

Loan sharks on the prowl on Britain’s estates.

Cash strapped Brits are increasingly falling into the clutches of illegal money lenders. According to a study conducted by the BBC, loan sharks are preying on the vulnerable on Britain’s social housing estates. Woman only identified as Pauline told reporters on the Beeb’s 10 o’clock news programme that she was terrorised by an illegal lender [...]

Fall in people turning to IVAs does not mean debt woes are over

A slight fall in the number of people taking out Individual Voluntary Arrangements (IVAs) last year does not mean that the nation’s finances are getting any better, it has been claimed. Financial technologies firm TDX believes that despite an eight per cent drop in the number of IVAs used by consumers with debt management problems, [...]

Brits are £33 billion worse off than 12 months ago

Despite inflating falling, new research suggests that Britons still need to find a collective £33 billion to maintain the same standard of living they were enjoying one year ago. A study by retirement investment firm MGM Advantage found that a typical UK household needs to earn around £1,259 a year to be as well off [...]

Unemployment issue is greater than government say, claims TUC

According to the Trade Union Congress (TUC), the level of UK unemployment stands at 6.3 million if the American U6 measure is used to assess the state of the problem in this country. Rather than looking solely at the number of people claiming benefits, the U6 method takes into consideration the people who are marginally [...]