Archives for the 'Debt Help' Category
Britons ’seeking debt help from friends’
Millions of Britons turn to their friends for debt help each year, it has been revealed.
Research conducted by Abbey found that nearly a tenth (nine per cent) of UK residents borrow more than £50 from friends each year.
The average figure lent stood at more than twice this, at £116 - with more than half a […]
Away games ‘adding to personal debt’
Football fans could be adding to their personal debt by travelling long distances to away matches, it has been warned.
Statistics published by Liverpool Victoria Friendly Society show the average fanatic travels more than 5,000 miles each year to follow their team.
And the average figure of 5,554 miles is little more than two-thirds the maximum distance […]
Debt advice ‘wise for income protection’
Obtaining expert debt advice could prevent problems with income protection plans, it has been suggested.
Harry Katz, principal of Norwest Consultants, advises that Britons should obtain financial advice before taking out a policy designed to guarantee their income.
He suggests that many plans have limitations on the circumstances in which they will pay out or the maximum […]
Students ‘entitled to debt help’
Students are as entitled to debt help as any other borrower, it has been suggested.
HSBC spokesperson James Thorpe claims that the financial services provider treats students equally among its customers.
“There isn’t really a difference between students and any other customer in that respect,” he says.
“If we see anyone getting into financial difficulty we will talk […]
Debt recovery ‘can improve credit rating’
Succeeding in debt recovery efforts can improve an individual’s financial standing, it has been claimed.
According to credit reference agency Experian, recovering from debt can prove more beneficial than never obtaining lending in the first place.
“If you have no credit history it can cause problems because lenders have nothing to base a decision on,” explains […]
Citizens Advice: Third increase in fuel debt problem
The debt problem associated with fuel poverty has increased by a third in the past year, it has been claimed.
Citizens Advice spokesperson Tony Herbert made the suggestion on BBC One’s Breakfast programme recently.
He told the show that his comments were based on figures obtained from Citizens Advice Bureaux around the country.
“In the latest stats that […]
Comparing policies ‘could reduce debt problem’
Comparing premiums on a number of insurance policies could help Britons to tackle their debt problem, it has been advised.
Natasha Virtue, communications manager for Sainsbury’s Bank, claims that insurance premiums quoted online can often be lowered by shopping around.
“I think it’s a highly competitive market at the moment,” she explains.
“We’re actually encouraging people to seek […]
Interest rate fix ‘provides debt relief’
Homeowners could experience debt relief following the Bank of England’s decision to maintain the base rate of interest at 5.75 per cent, it has been claimed.
The National Association of Estate Agents welcomes the choice to fix the base rate at its current level, in light of the affordability issues facing much of the property […]
Life insurance discount ‘offers debt help for veggies’
An insurer is providing debt help for vegetarians with a discounted life insurance policy, it has emerged.
Animal Friends Insurance suggests that the health benefits of eliminating meat from the diet should be considered in the same way as quitting smoking.
The firm has now launched a life insurance policy with a discount of up to […]
Personal debt ‘dwarfed by richest half’
Savings held by the richest people in the country dwarfs the personal debt of the least well-off, new figures show.
Research conducted by Alliance & Leicester shows the most affluent Britons hold £5.1 trillion in savings and assets, compared with a national debt of £1.3 trillion.
However, the financial services provider warns that the distribution of wealth […]