Debt Advice Help and Support

Debt management for rate rise ahead (24 Dec 2010)

Seven million homeowners could find their mortgage repayments rocket over the next couple of years, which may lead to them seeking debt management.A debt management plan can't pay for mortgages directly, but homeowners with more than £3,000 of unsecured debt could apply for one to get their finances in order, which will allow them to concentrate on their home repayments.The Confederation of British Industry (CBI) predicts that the higher-than-expected inflation rate will force the Bank of England to up the base rate of interest by more than two per cent by the end of 2012.This could see homeowners having to find an extra £200 a month to pay for their mortgage repayments, meaning they may become stretched enough to need a debt management plan..

Get an IVA to protect your home (23 Dec 2010)

Tens of thousands of children will wake up on Saturday morning in a home that isn't their own, courtesy of their parents' debt problems.To prevent this happening in the future, people with serious debt of £12,000 or more should consider getting an IVA.

Mayor under fire over debt ads (23 Dec 2010)

There are fears that Londoners may be encouraged to build up their debt levels after the Mayor agreed a deal to put loan company adverts on public transport.Loan companies often lend money at a very high rate of interest, so to avoid building up more debt, people wanting to get back in control of their money in the long term would be better served by a debt solution like an IVA or debt management plan.Boris Johnson has agreed the advert deal with the loan company in exchange for them funding five hours' of free travel in the early hours of New Year's Day.However, the mayor has come under fire from London MP Stella Creasy, who warns that many Londoners may now be exposed to "legal loan-sharking", whilst Johnson's predecessor and future mayoral candidate Ken Livingstone claims he is out of touch..

Choose debt management over lenders (22 Dec 2010)

50 doorstep lenders have been told to improve their standards by the Office of Fair Trading (OFT), raising concerns over this method of dealing with debt.

IVA could help with confidence (22 Dec 2010)

Consumer confidence about financial issues has plummeted this month, which may lead to some to consider an IVA.

Debt fears for six-in-ten (21 Dec 2010)

Six-in-ten (57 per cent) Britons are worried that debt will prevent them from being able to live comfortably during the coming year.

Dear Santa, I need debt management (20 Dec 2010)

People in their 20s and 30s are more likely to ask Santa for money to help them ease their debt worries, rather than get gifts or surprises.The best present of all could be a debt management plan, which can help them pay off more than £3,000 of debt by consolidating all their other debts into one manageable monthly contribution.According to the Payments Council, almost half (46 per cent) of those polled would like their debt relief to come in the form of cash, with vouchers and gift cards being the second most popular, with a quarter (26 per cent) favouring them.People hoping for cash this Christmas may be in for disappointment though, with Sandra Quinn from the Payments Council indicating that one-in-six people would never send money as a present.