Debt Advice Help and Support

Weekly debt news round up

Going without due to debt worries has certainly been a strong theme in this week's news, with a study by the Skipton Building Society showing that many families think they cannot afford to have kids. As many as four in ten childless couples believe that they cannot afford to start a family at the moment [...]

Britons foregoing health treatment because of financial worries

A survey has shown that a vast majority of UK residents are neglecting their healthcare needs in order to try and stretch household budgets and avoid further debt. Research carried out by Sovereign Health Care found that 63 per cent of UK residents, over the course of the past 12 months, have delayed vital health [...]

Under-employment causing debt worries

High levels of under-employment are causing debt worries for a growing number of people, it has been claimed. According to data from the Trades Union Congress (TUC), many people who have jobs are still struggling financially because they are working too few hours. Figures show that the number of men who are only working part-time [...]

Middle income families paying for years of borrowing

Low to middle income families are currently struggling with debt due to over a decade of excessive borrowing leading to the financial crisis. This is the conclusion of a report from the National Institute for Economic and Social Research (NIESR) which showed that between 1997 and 2007 spending grew faster than incomes in a large [...]

Households face further bill hikes, says Centrica

Struggling property owners could face further problems with debts relating to their household utilities, as the owner of British Gas has warned that bills are set to rise again. Centrica, the UK's biggest energy supplier, said a hike in 'non-commodity costs' means the cost of supplying the average British home will increase by £50 this [...]

Insolvency rate up 15 per cent in Northern Ireland

Economist Richard Ramsey has admitted that many households in Northern Ireland are showing "signs of financial strain" following the release of the latest insolvency figures. Published by the Insolvency Service on May 4th, the data suggested the number of people in the country requiring debt help and advice has reached a record high. This is [...]

Four in ten UK couples ‘can’t afford to have children’

Many British couples have scrapped plans to start a family because of their financial situation, according to new research. The study by Skipton Building Society indicates that money worries, which could include debt consolidation or insolvency plans, are taking precedence over having children in a large number of cases. According to the research, four in [...]

Poverty rates set to grow in UK, says report

Poverty rates are likely to increase in the UK over the next decade, according to a new report from the Joseph Rowntree Foundation. The charity's report suggested the number of people turning to debt management plans could also increase, as developments in the labour market are expected to lead to greater poverty by 2020. Changes [...]

Over a million households on brink of financial disaster

More than one million UK households currently find themselves under severe pressure from debts and rising living costs as the grip of the recession takes hold. This is according to the latest Money Mood Survey from pensions and insurance provider Legal & General. It shows that the average family has seen its finances worsen during [...]

Economic climate so bad that people forego basic home maintenance

Rising day-to-day costs and the heavy burden of debt management is meaning that millions of Brits are now unable to keep on top of basic household maintenance. A new study by Lloyds TSB found that the money being spent on DIY at present is at its lowest level for more than 15 years. In 2011 [...]