Archive for September, 2009

Opportunities for loan consolidation ‘reduced’

by on September 17th, 2009

TweetShareIndebted people could find it harder to take out low-cost loans now than during the same time a year ago, it has been suggested. Research by uSwitch.com revealed that there are fewer loans available to consumers than there were 12 months previously, with 36 currently on the market – a reduction of 37 per cent [...]

Debtors ‘could benefit’ from financial advice

by on September 17th, 2009

TweetShareIndebted people could put themselves at more of an advantage through seeking independent financial advice, new research has indicated. Findings from protection specialist LifeSearch has revealed that 76 per cent of those who sought counsel on money matters were rewarded by finding a better policy – suggesting that people considering implementing a debt management plan [...]

IVAs ‘recommended’ for debtors

by on September 17th, 2009

TweetShareAn independent voluntary arrangement (IVA) has been suggested as a good way for indebted people to strengthen their financial positions. According to the Daily Mirror, 30,000 people began bankruptcy proceedings between April and June of this year, indicating that debt management plans are a necessity, with many borrowers entering into negotiations with their lenders with [...]

Debtors ‘at increased risk’ due to postal strikes

by on September 16th, 2009

TweetShareThe continuing postal strikes up and down the UK could have a detrimental effect on those already struggling with debt management, it has been suggested. According to This Is Money, thousands of families and businesses are increasingly at risk as credit card and bank statements fail to reach their destinations, leaving consumers liable to receive [...]

Unemployment could ‘hike up’ insurance premiums

by on September 16th, 2009

TweetShareThose suffering from unemployment during the recession and struggling with debt management could find themselves being forced further into debt if they want to continue insuring their homes. Price comparison site Confused.com has issued this warning to consumers who may be unaware that insurance providers take varying factors into account when conducting risk assessments for [...]

Debt fears mean ‘the end of the sick day’

by on September 16th, 2009

TweetShareThe working population are so afraid of being made redundant during the recession – and possibly risk sliding into debt – that they are continuing to work regardless of how ill they feel. This is what has emerged as a result of new research by Simplyhealth as part of its Bothered Britain Report, which is [...]

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