Debt News

 Students should ensure deposit is protected
20 Aug 2008 at 7:51am
Young people about to start university are about to face a number of financial challenges, from living off a small income and managing a budget to resisting “cheap” freshers’ week drink offers. But students should ensure the end of the academic year does not bring a shock – and debt management pr...

Brits urged to keep savings for a rainy day
20 Aug 2008 at 7:46am
While many people are concerned about staying debt free, over a quarter of British people may be risking debt problems by spending spare cash on holidays rather than saving it. According to research from Abbey Savings, 26 per cent of respondents believed a trip away was the best way to spend exce...

Loan rate rises ?bad news? for consolidation loan borrowers
20 Aug 2008 at 7:43am
People looking for a consolidation loan to clear debt may be in for a shock this month, following reports that rates have hit their highest levels in six years. Moneyfacts’ study of personal loan rates found the cheapest deal on the market this month is from Moneyback Bank, which offers a rate of...

Declaring bankruptcy sometimes ?best option?
20 Aug 2008 at 7:41am
A newspaper has been looking into options to clear debt and has concluded bankruptcy may be the appropriate action for some households. The Birmingham Mail, using a couple from Redditch as a case study, indicated self-petitioned bankruptcy may help some people on a low income and have large amoun...

Students ?expected to get into debt?
19 Aug 2008 at 7:47am
The Consumer Credit Counselling Service has said students are “expected” to arrange loans that could lead to £10,000 of debt once they graduate. Spokesperson for the service, Frances Walker, has urged those about to start university to ensure they claim all support available, to remain debt free ...

MP: Government to blame for personal bankruptcy increase
19 Aug 2008 at 7:33am
David Ruffley MP has been speaking out on bankruptcy, EADT 24 has reported. Mr Ruffley, member of parliament for Bury St Edmonds, said the government should be held responsible for the current financial situation which has left many households struggling to clear debt. “It didn’t keep a grip on ...

Debtors ?jumping before they are pushed?
19 Aug 2008 at 7:31am
Following statistics released by the Ministry of Justice, an expert has been commenting on the rise of Individual Voluntary Arrangements (IVAs) and self-petitioned bankruptcies. Between the first and second quarters of 2008, IVA have risen seven per cent in England and Wales, to 9,410. Meanwhil...

Online banking ?could help money management?
19 Aug 2008 at 7:28am
One of the keys to debt management and staying debt free is to keep an eye on income and outgoings. According to the Association of Payment Clearing Services (Apacs), online banking may be the way to do this. Apacs spokesperson Michelle Mayer said online banking allows consumers to see what is h...

ClearDebt Gets Judgement Against IVA Council
18 Aug 2008 at 5:19am
ClearDebt has obtained an injunction against people and firms involved with the IVA Council, freezing their assets, prior to possible further legal action. Share This

Students and their families urged to look at finance options
17 Aug 2008 at 7:37am
While thousands of young people are considering their university options, one institution has urged school leavers and their families to look at the financial side of studying. Dr Margaret Noble, pro-vice chancellor of Greenwich University, said there are “misconceptions” about the cost of degree...


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