Loan News
How to deal with bailiffs: what they can and can’t do
Steve Rees, Managing Director of debt consultant Vincent Bond & Co, says: “When you think about a bailiff or debt collector coming to your door, you invariably conjure up visions of a burly bouncer who will use intimidating tactics to get money or personal items of value from you to pay off the debt you owe.
Only one in thirteen with debt concerns intend to seek advice
Although debt concern now affects over 18 million (39%) of GB adults, only 1.4 million individuals (or 3%) intend to seek debt advice in the next six months.
Debt problems affecting 70% of UK adults
Over two thirds (70%) of UK adults have admitted to having debt problems with almost a third of people (29%) not prepared to confront their debt issues according to new research released today by The Co-operative Bank.
Have you been the victim of a #bailiffblag
Debt advice charity the Money Advice Trust is launching a week long (Monday February 6th - Sunday February 12th) initiative to encourage consumers to stand up for their rights against bailiffs.
Nearly one in five will retire in debt this year
Nearly one in five (18 per cent) of those planning to retire this year will do so with outstanding debts, according to figures released by Prudential.
Over a quarter of Brits will carry a credit card debt throughout 2012
New research has revealed that over a quarter (26 per cent) of Brits expect to owe money on their credit cards throughout 2012, with nearly one in ten (9 per cent) admitting they are relying on their plastic to make ends meet.
Move your debt to a zero per cent credit card to save money
With Christmas now behind us and many consumers looking to consolidate their debts, MoneySupermarket.com analysis shows that hundreds of pounds can be saved by moving to the best zero per cent credit card deals on the market.
One in five struggling to manage debts
Research from the Money Advice Trust has shown that the number of people getting help from free debt advice agencies increased in 2011 to 1.54 million people, compared to 1.4 million in 2010.
Choosing an unsecured loan
With the festive period now over, people's thoughts may be turning to how they manage the debt they have accrued in the lead up to Christmas or potentially securing finance for planned purchases in 2012.
High inflation continues to help push nation into debt
Today's announcement by The Bank of England that inflation has dipped slightly to 4.8 per cent in November is good news for hard pressed households; although it is unlikely to relieve much of the financial pressure many consumers are facing.
‘Peer-to-peer' lending not protected by the FSCS
‘Peer-to-peer' lending is becoming an increasingly popular alternative to high street savings with consumers looking for the most competitive rates of interest.
First time buyers look to second jobs and loans to raise deposit
Aspiring first time buyers are increasingly taking on second jobs, taking out personal loans or sharing payments with friends to raise money for a deposit on their first home, according to new research from Santander Mortgages.
Unemployment driving young people into debt, warns charity
Responding to Office of National Statistics (ONS) figures showing that youth unemployment has reached more than one million, debt charity Consumer Credit Counselling Service (CCCS) has warned that rising unemployment is driving many young people into serious debt.
Families bail out friends and relations as inflation bites
Almost a third (31%) of families are providing financial support to their extended family and friends, according to the latest Aviva Family Finances Report.
Twenty three million Brits have unsecured debt
Twenty three million (52% of Britons over eighteen) have unsecured debt, beyond their mortgage, according to research from Vincent Bond & Co, UK personal insolvency experts.