UK and world daily Debts stories | Money Avenue Finance News

Brits Reduce Debt Level but Are Still Concerned Over Finances

Thu, 02 Aug 2012 07:35:05 +0100

According to an opinion poll performed by MoneySupermarket, Brits have reduced their debt last year but are still concerned about finances.As such, almost 35% of...

UK Family Debt Increases by 58% Compared to 2011

Wed, 20 Jun 2012 06:13:16 +0100

The latest Aviva Family Finances Report revealed that debt that an average UK family has now stands at 9,314 pounds. This is 58% higher than in March 2011, when...

UK Repossessions Stable in Q1 2012 – CML

Mon, 14 May 2012 06:16:59 +0100

According to a recent report by the Council of Mortgage Lenders (CML), published last week, the number of homes repossessed in Q1 2012 remained the same as in Q1...

Families See Rise in Unsecured Debt

Mon, 23 May 2011 07:00:00 +0100

New statistics from insurance firm Aviva revealed that families with one or more children have experienced a sharp rise in unsecured debt levels. Between...

Energy Costs Pushing Consumers into Debt

Fri, 13 May 2011 07:00:00 +0100

Figures released by National Debtline have suggested a significant increase in consumers struggling with fuel debt. The Charity said it had experienced a 181%...

Banks Fail in PPI Battle

Thu, 21 Apr 2011 07:00:00 +0100

The financial services industry may be forced to pay up to 4.5billion in compensation following a court ruling denying their appeal against new regulations...

Brits Carefree About Debt Below £10k

Mon, 18 Apr 2011 06:30:00 +0100

Research from moneysupermarket.com has shown that it takes an average debt of nearly 10,000 (except mortgages) before British consumers begin to worry. Known...

Money Advice Service Launched

Mon, 11 Apr 2011 07:00:00 +0100

The UK government has launched the new Money Advice Service to inform people on how to manage their money. The service, which can be used online, in person or...

UK Debt Statistics Published by Credit Action

Tue, 22 Mar 2011 06:49:56 +0000

A report released by Credit Action, UK-based money education charity, suggests that personal debt in UK stood at 1,452 billion in the end of January.As for...

One in Three Teens Believe Using a Credit Card is not Spending Money

Thu, 03 Mar 2011 07:14:00 +0000

A new report published yesterday by UK retail bank Barclays shone some light on the attitudes of young people in Britain towards management of their money....

Government Announces Reprieve for Debt Advice Funding

Fri, 18 Feb 2011 07:23:40 +0000

With levels of consumer debt in the UK reaching staggering highs in recent times, it may have come as a shock to many that the coalition government revealed...

Christmas Holidays Drive Brits Into Debts

Thu, 25 Nov 2010 07:44:56 +0000

In the run up to Christmas, Consumer Intelligence, UK-based financial website, carried out a research, which revealed that many Brits are still repaying their...

IVA Might Become More Demanded

Tue, 23 Nov 2010 07:47:21 +0000

The latest statistics from the Office for National Statistics (ONS) suggests that unemployment rate fell by 0.1% and employment improved by 0.3%, reaching...

UK Repossessions Fall by 30% - CML

Fri, 12 Nov 2010 07:36:22 +0000

In its latest report, the Council of Mortgage Lenders (CML) revealed that the number of repossessions in Great Britain in Q3 has fallen by 27% as compared with...

Personal and Credit Card Debt More than UK GDP

Tue, 02 Nov 2010 08:28:37 +0000

A report published by Credit Action suggests that in September 2010 the overall amount of money owed by British consumers exceeded the country's gross...

UK Debt Management Firms Exploit Consumers

Thu, 14 Oct 2010 07:47:27 +0100

A report published by the Office of Fair Trading (OFT) showed that many British debt management companies focus on sales rather than help to their clients.One...

Self-employed Brits Struggle to Repay Debt

Tue, 14 Sep 2010 06:53:08 +0100

According to the Consumer Credit Counselling Service, it will be unable to help 50% of self-employed Brits, who have contacted its Self-Employed Centre in...

Agreed IVAs Hit Its All-time High

Fri, 20 Aug 2010 07:15:30 +0100

According to the last figures released by the Insolvency Service, an average of 140 people applied for IVA every day.The number of borrowers unable to repay...

Bankruptcy among UK Women Rises by 30%

Thu, 29 Jul 2010 07:54:34 +0100

Individual voluntary agreement, more often referred to as IVA, is believed to be a good solution to bankruptcy of individuals.The latest figures revealed by...

IVA Level Skyrockets in Q1

Fri, 28 May 2010 08:00:00 +0100

The first three months of 2010 were characterised by a 17.9% rise in personal insolvencies in 2 major regions of Great Britain - Wales and England - whereas...

Kensington fined by the FSA

Tue, 13 Apr 2010 12:02:17 +0100

UK mortgage lender Kensington, acquired by the South African bank Investec two years ago, violated the rules of the Financial Services Authority (FSA) in about...

Creditors are ready to meet the wishes of those who are now facing severe financial problems.

Thu, 25 Mar 2010 15:53:58 +0000

British Bankers’ Association together with the Ministry of Justice and Consumer Credit Counselling Service (CCCS) has come with an effective scheme of...

More Than 150,000 People Looked for Debt Management Help Online in 2009

Sun, 21 Mar 2010 08:32:01 +0000

According to Statistical Yearbook 2009, issued by Consumer Credit Counselling Service (CCCS) online debt management advice is becoming more and more popular....

Women Are Less Likely to Need an IVA than Men

Sat, 20 Mar 2010 12:24:41 +0000

New data from the debt charity Consumer Credit Counselling Service (CCCS) shows that women are less likely than men to need an Individual Voluntary Arrangement...

Women are more money-smart than men

Tue, 16 Mar 2010 19:58:46 +0000

Recent research from Lovemoney has shown that women are better at debt management as compared to men. Women make credit card payments regularly and try...

Abnormal Weather Conditions Might Lead to Increased Debt Management Inquiries

Sun, 24 Jan 2010 10:48:55 +0000

Financial experts believe that overheating of properties might result in an increase of debt management inquiries.

Credit Card Holders Are Expected to Apply for IVAs

Sat, 23 Jan 2010 10:47:54 +0000

More credit card holders are expected to apply for IVAs as the interest rates hit the 12-year high.