‘Debt’ News

More than 6 Million Bills Are Unpaid Since 2007

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Posted 2008-01-12

A new research reported that as household budgets became tighter, millions of bills were not paid last year.   People tended to overlook the council tax in the second half of the last year and nearly 2.3 million did...

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£9 Billion Is the Balance Amount That Is Expected To Be Transferred In The New Year

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Posted 2008-01-10

A recent research revealed that the 9 billion pounds, credit card balances are expected to be transferred to other cards in the New Year. The Abbey commissioned a survey of more than 1,000 people which found that the equivalent...

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Prediction - Personal Insolvencies To Increase

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Posted 2008-01-5

Expert notes claim that the rise in personal insolvencies seem to be precise for this year. As 2008 progresses, it is predicted that there would be a rise in the number of people that declare themselves as insolvent, reports, ...

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The End of the Credit Growth Approaching

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Posted 2008-01-3

Uswitch conducted a study which was supported by the Financial Services Authority (FSA). This study reveals that almost 25% of 44 year old people are worried about their bills due in the New Year. Moreover, these people had no recollection...

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Number of People Moving Towards Bankruptcy has Hit an All Time High

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Posted 2008-01-2

Nearly 130,000 people are moving towards bankruptcy this year, reports accountants KPMG. This is mainly due to their over spending over the Holiday season. The main causes of this problem has been an increase rate in mortgage payments as...

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Banks Using Assertive Approach

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Posted 2007-12-17

The CAB or  Citizens Advice Bureau has stated that it has received a number of complaints with regards to the assertive approach that many banks are using and are targeting those in debt. The BBC has found out that...

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