Archives for the 'Debt Help' Category
Britons ‘finding it harder to get mortgages’
Article Category: Debt Management Help and Advice
People struggling with debt management may be finding it harder to get a mortgage, according to a new study.
Research from online price comparison service MoneyExpert has revealed that mortgage approvals have fallen by 60 per cent in the past six months.
While the number of rejections was 463,000 in March, […]
Homeowners ’should claim quickly for tornado damage’
Article Category: Debt Management Help and Advice
Britons whose homes were damaged by the tornadoes which hit the country this week should claim as soon as possible against their building insurance, it has been advised.
Lloyds TSB suggests that consumers should check with their insurer before carrying out any repairs, as a representative may need to examine […]
UK debt ‘expected to rise’
Article Category: IVA (Individual Voluntary Arrangement) Help and Advice
Personal debt in the UK is likely to continue to rise until 2011, it has been claimed.
A new Debt Management Market Report from Research and Markets predicts a continued increase in the level of debt in the country in the next four years.
Mortgages are likely to play […]
Fixed-rate mortgages ‘offer debt relief’
Fixed-rate mortgages may offer debt relief for homeowners with affordability concerns, it has been claimed.
The Council of Mortgage Lenders (CML) suggests that fixing monthly repayments is a good means of budgeting over the long-term.
Spokesperson Christopher Dean adds that this could be especially helpful for first-time buyers who are at the limit of affordability when arranging […]
Britons ‘unaware of debt problem’
A significant number of Britons are unaware of the level of their personal debt problem, it has been revealed.
Figures from Independent Financial Adviser (IFA) Promotion show that 2.5 million consumers do not know how much they owe in personal debt.
And a further 15 million cannot state their debt problem to within £100 of the actual […]
Lifetime balance transfers ‘offer debt relief’
Lifetime credit card balance transfers offer a reliable form of debt relief, it has been claimed.
Sainsbury’s Bank head of credit cards Donald MacLeod suggests that the product could be useful for consumers looking to consolidate their debts.
And he adds that there is no reason to presume that obtaining such a credit card is a precursor […]
Women pensioners ‘need debt help’
Immediate debt help is needed for women pensioners, it has been suggested.
According to elderly people’s charity Age Concern, £4.2 billion of financial assistance remains unclaimed by those who are entitled to it.
Elderly women are a key group who could benefit from advice, the charity states.
Spokesperson Samuel Heath adds that up to 500,000 UK pensioners could […]
Personal debt levels ‘to damage economy’
The level of personal debt in the UK is likely to result in a weaker national economy in the near future, it has been warned.
F&C UK Growth & Income Fund manager Ted Scott makes the claims in light of a ten per cent fall in the All Shares Index since mid-July.
“The consumer, pumped up on […]
UK consumers ‘want authoritative debt advice’
Debt advice must be authoritative if it is to satisfy UK consumers, it has been suggested.
Clive Cowdery, chair of the Resolution Foundation, recently claimed that many Britons are unsure of where to turn for advice they can rely on.
His comments were made on BBC Radio Five Live’s Wake Up To Money programme.
“After the last ten […]
Debt problem ‘peaks in new year’
The new year is a peak time for a debt problem to become unmanageable, according to AWD Chase de Vere.
February and March see the highest level of personal insolvencies as festive overspending takes its toll, the independent financial adviser states.
Head of pensions Richard Sheppard advises that even with the best of intentions, Britons may still […]