Debt Advice Help and Support

My friend is really fretting about her forthcoming redundancy and the impact on her finances. She has been told she can have a job, but would need to take a £12,000 a year pay cut and not be able to claim any business mileage back. Given that she travels about 70 miles a day, this Read the rest… [Read More]

UK households have spiralled into further debt with their energy suppliers. An average of £132 is now owed by customers to their suppliers, says price comparison website, Uswitch. According to the study, 21 per cent of households (5.5m) owe a total £728m. The study also found the number of households owing money has actually dropped Read the rest… [Read More]

Analysts have been left shocked at the rate at which inflation has risen over the past month, with the rate increasing from 3% to 3.4% from February to March. The rise in the Consumer Prices Index (CPI) inflation rate was far greater than analysts had expected. The Retail Prices Index (RPI) inflation, which incorporates housing Read the rest… [Read More]

The latest Nationwide index shows house price inflation has hit 10.5%, as property prices rose by more than £3,000 in April. It is the first time since June 2007 the index has shown as a double digit inflation rate, as average house prices are now exactly 10% off their October 2007 high. According to Nationwide, Read the rest… [Read More]

An official report by the Payments Council has suggested cash will be used in fewer than half of all transactions by 2015, suggesting notes and coins are being rapidly overtaken by plastic in consumers’ pockets. Out of the 37 billion transactions carried out last year, 59% were done with cash, a sharp decline from the Read the rest… [Read More]

A new record number of people in England and Wales have been declared insolvent, it has been recorded. The first three months of 2010 saw a 17.9% increase in the number of insolvencies compared with the same period last year, equally out at 35,682 personal insolvencies. Compared with previous quarters however, the figure has levelled Read the rest… [Read More]

The economic turmoil currently engulfing Greece has made millions of savers question the safety of money they have in foreign bank accounts. The initial concerns over any financial impact the uncertainty over the UK election has been largely overshadowed by alarming fears Greece’s banking troubles could lead to a wider economic crisis, with affects rippling Read the rest… [Read More]

Energy bills are set to get even more expensive in the coming months, householders are being warned. Wholesale gas and electricity prices had been falling for the past two years, however they have started rising again and the increase in price will be passed onto customers. The first energy company to enrage their customers was Read the rest… [Read More]

The Royal Institution of Chartered Surveyors (Rics) have revealed the abolishment of home information packs in May has subsequently led to a flurry of homes being put up for sale, which could in turn lead to a halt in rising house prices. House price inflation went up during May, however Rics have predicted that as Read the rest… [Read More]

The average cost of a two-year fixed rate mortgage has dropped to its lowest level for nearly 7 years, according to Moneyfacts. Although the rates on two-year fixed rate deals have been steadily falling since August 2009, they have recently reached their lowest for a number of years, an average of 4.52%. The rate is Read the rest… [Read More]