Archive for May, 2007

Indebted issued inheritance warning

by on May 22nd, 2007

TweetShareAccording to Life Insurance Online, the number of people entering into Individual Voluntary Arrangements (IVAs) and declaring bankruptcy could leave many of the country’s children with a “grim” financial future. While many UK consumers consider credit card debt and personal loan arrears to be part of modern life, there could be unwanted consequences for future [...]

Brown’s economics ‘have not helped everyone’

by on May 22nd, 2007

TweetShareWith debt management difficulties affecting millions nationwide, experts from the Alliance Trust Research Centre claim his reforms have failed to address the financial problems being faced by Britain’s elderly and poor populations. “Brown has failed to address the spiralling cost of living of the oldest and the poorest groups in society,” remarked Shona Dobbie, head [...]

“Worrying” repossession figures highlighted

by on May 22nd, 2007

TweetShareFigures from the House of Commons have demonstrated that the number of mortgage possession orders issued by courts in Suffolk had more than doubled over the course of the past ten years. And these statistics were described as presenting concerns for home owners across the region by the MP for Stowmarket David Ruffley, who suggested [...]

British pensioners ‘not claiming their credits’

by on May 21st, 2007

TweetShareThe claim from Helen Wanless from Age Concern comes after a public accounts committee revealed that around a third of elderly Britons are not taking up their credits and a report from the Consumer Credit Counselling Service which suggests the burden of debt management is increasingly shifting to older generations in the UK. It is [...]

Internet could ‘boost financial understanding’

by on May 20th, 2007

TweetShareBradford & Bingley’s head of mortgage products Andy Wiggins insists that money lenders are doing their part towards enhancing financial understanding and that their websites offering relevant information are “pretty well used”. And with debt management concerns being dealt with by consumers across the country, Mr Wiggins suggests that given the importance of good personal [...]

Women issued fraud warning

by on May 19th, 2007

TweetShareHandbags owned by women around the country contain credit card details, National Insurance Numbers and receipts, which can give criminals an opportunity to access information they need to carry out fraudulent activities, according to the credit reference agency Equifax. And with debt management problems facing thousands of Britons, around 80 per cent of women are [...]

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