Debt advisors axed as funding cut in government cutbacks
Hundreds of debt advisers have stopped taking on new cases because their funding is to be axed next month. For the past five years, the £25m-a-year Financial Inclusion Fund has been paying for about 500 specialists in England and Wales to give free advice. But the cash is due to run out in March and [...]
February 2, 2011
Tags: bad debts, consolidate debt loans, Credit Crunch, Debt Consolidation, debt management plans, sub prime loans Posted in: Bankrupcy, Borrowing Costs, Credit Crunch, Debt Consolidation, Debt Management, Loans Calculators, Uncategorized 
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Cost of credit cards and loans to rise soon according to accountants
UK borrowers may soon have to pay hundreds of pounds more to cover the cost of credit card bills and loans an accountancy firm has predicted. Interest rates on unsecured debt will rise by 2%-3% in the coming three years, PricewaterhouseCoopers (PwC) believes. This would add £1,800 a year by 2015 to the typical household’s [...]
January 20, 2011
Tags: banks, borrowing, credit cards, Credit Crunch, Debt Consolidation, debt management plans, Interest Rates Posted in: Borrowing Costs, Credit Cards, Credit Crunch, Debt Management, Interest Rates, Lenders, Loans Calculators, Uncategorized 2 Comments
MPs to investigate football debt
MPs are investigate whether there is too much debt at professional clubs as part of a new inquiry into the running of football. The inquiry by the Culture, Media and Sport select committee will also look into whether there is any need for the Government to intervene in the running of the game, it was [...]
December 8, 2010
Tags: bad debts, borrowing, Credit Crunch, Debt Consolidation, Interest Rates, Loan calculator Posted in: Bankrupcy, Borrowing Costs, Credit Crunch, Debt Management, Lenders, Loans Calculators, Uncategorized 2 Comments
Debt collector firm Aktiv Kapital censured for targeting wrong people
A firm of debt collectors, Aktiv Kapital, has been censured for trying to take action against people who do not owe any money.The Office of Fair Trading (OFT) has told the company to stop chasing debts when it has been told in writing that they are pursuing the wrong person. The OFT said this sort [...]
November 29, 2010
Tags: bank lending, borrowing, consolidate debt loans, Credit Crunch, Debt Consolidation, debt management plans, Lenders, Loan calculator Posted in: Debt Consolidation, Debt Management, Lenders, Loans Calculators, Uncategorized 2 Comments
Majority of people failing to address money concerns
Nearly two thirds of people are worried about their finances but the majority are failing to take simple steps to improve their position, new reserach has found.Around 43 per cent of people said they worried about money “more often than not”, while 17 per cent said they worried about it all the time, according to [...]
November 24, 2010
Tags: borrowing, consolidate debt loans, credit cards, Credit Crunch, de, Debt Consolidation, debt management plans, Interest Rates Posted in: Debt Consolidation, Debt Management, Interest Rates, Loans Calculators, Uncategorized 2 Comments
Millions of Britons piling up debt by living beyond their means
Almost seven million Britons are living beyond their means and refuse to alter their lifestyle despite the recession, according to latest research.During the last recession Loans Calculators was shocked by the levels of debt that people were clocking up by refusing to acknowldege and respond to the fact that their income had dropped. They typically [...]
November 16, 2010
Tags: borrowing, consolidate debt loans, Credit Crunch, Debt Consolidation, debt management plans, Interest Rates, Loan calculator, sub prime loans, uk recession Posted in: Borrowing Costs, Credit Crunch, Debt Consolidation, Debt Management, Interest Rates, Loans Calculators, Uncategorized No Comments
UK’s £10tn debt timebomb will harm economy for decades accountants warn
Britain’s economy is sitting on a timebomb of debt which is on course to break through the £10tn barrier within the next five years, according to a report. The study by consultancy group PwC found that property speculation by individuals and companies, coupled with an explosion of debt-financed City deals in the past decade, had [...]
November 12, 2010
Tags: consolidate debt loans, Credit Crunch, Debt Consolidation, debt management plans, Interest Rates, Loan calculator, refinancing rates, sovereign debt Posted in: Bankrupcy, Borrowing Costs, Credit Crunch, Debt Consolidation, Debt Management, Interest Rates, Loans Calculators 2 Comments
