TweetShareHomeowners that are struggling to pay their mortgage have been urged to seek debt advice in order to stave off the threat of repossession. A spokesperson for homeless charity Shelter advised people not to ignore problems and get help as soon as they receive a phone call or letter from lenders over arrears. She noted [...]
Archive for February, 2009
Seek help to avoid repossession, homeowners told
by News Team on February 27th, 2009
Base rate cut due next week, economists predict
by News Team on February 27th, 2009
TweetShareSeveral economists questioned in a new survey have forecast that the Bank of England will announce a further base rate reduction next week, something that could help borrowers with their debt management. In a poll carried out by Adfero, nine out of the 11 analysts and business delegates predicted that a cut will be made, [...]
Fight against fuel poverty “derailed”
by News Team on February 25th, 2009
TweetSharePrice hikes from energy companies have “derailed” the government’s fight against fuel poverty, it has been argued. Jonathon Stearn, a campaigner for Consumer Focus, claimed that ministers have fallen short on targets due to three factors, which he outlined as “prices, income and energy efficiency”. “It’s essential for energy efficiency to be seen as the [...]
Ministers ‘must build homes and fight repossession’
by News Team on February 25th, 2009
TweetShareMinisters must adhere to home building targets and continue to offer debt help to those facing repossession, a new report has argued. However, the publication – entitled Housing and the Credit Crunch – raised concerns about how much money the government has borrowed from future budgets to meet its goals. Put together by the Communities [...]
Clear debt before saving, expert advises
by News Team on February 24th, 2009
TweetShareIt is advisable for people to ClearDebt before they attempt to build up savings in the current economic climate, it has been claimed. Sharon Bratley, a chartered financial planner for Fairinvestment.co.uk, noted that borrowers will be paying higher rates than they would receive on any savings, therefore it is better to pay off outstanding amounts [...]
People ‘worried they cannot meet bills’
by News Team on February 23rd, 2009
TweetShareAround a third of Britons are concerned that they will not be able to handle debt management issues over the coming years, a new survey has suggested. Research carried out by Opinium Research for Saga Savings has found that 31 per cent of people are worried they will not have enough cash to meet domestic [...]
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