Archive for October, 2009

Service launched to help SMEs

by News Team on October 5th, 2009

TweetShareLloyds has set up a programme intended to help the owners of small to medium-sized enterprises (SMEs) protect themselves against bad debts, in light of predictions warning that insolvencies are to reach record highs. Managing director of the company’s commercial finance department Simon Featherstone stated that the scheme was initiated as a result of increased [...]

Posted in Creditor Behaviour | No Comments »

Higher debt causing people ‘to improve finances’

by News Team on October 2nd, 2009

TweetSharePeople are trying to improve the state of their finances as a result of increased levels of debt, one expert has suggested. Howard Archer, IHS Global Insight’s chief UK economist, was quoted by the Times as indicating this could be one of the reasons why Britons have pumped so much money into trying to reduce [...]

Posted in Houses and Mortgages | No Comments »

Retirees ‘hardest hit’ by downturn

by News Team on October 1st, 2009

TweetShareNew research has revealed that those aged over 50 have suffered the most during the recession in relation to saving for their retirement, with many of them using their lump sums to pay off debts. According to findings from Scottish Widows, retirement dreams are being dashed because of the economic crisis, as 21 per cent [...]

Posted in Personal Debt | No Comments »

Winter fuel payments “will bring some relief”

by News Team on October 1st, 2009

TweetShareThe news that the government intends to continue implementing Cold Weather Payments at the rate of £25 for the coming winter months has been welcomed by Age Concern and Help the Aged as a positive step for older people who may have trouble paying their bills. Head of public affairs with the charities Patrick South [...]

Posted in Debt Management | No Comments »