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The Office of Fair Trading has warned debt collectors not to pursue their owed debts through social networking sites such as Twitter and Facebook. In 6 months from April to September, the OFT had received 357 new complaints about debt collecting – up 59% from the previous 6 months. [Read more...]
Inflation is the rate of change in the level of prices for goods and services which affects the purchasing power of money. The official figures measure the change in prices charged for goods and services bought by households throughout the UK. In January 2012, the inflation levels fell sharply. It fell from 4.2% to 3.6% in 1 month according to the Office for National Statistics. [Read more...]
I am sure you have recently seen the adverts telling you that you may be owed money from mis-sold Payment Protection Insurance. This is Insurance that may have been added to a loan you took out. It’s purpose is to make sure you’re repayments are covered if you were unable to work, made redundant, sick etc. [Read more...]
If you are currently struggling with Debt, it is sometimes hard to know who to turn to. Many people feel judged when they talk about their debt, however, they don’t realise the majority of the UK is currently in debt. You should make sure that you have somebody to talk to otherwise being in debt can seem very lonely and daunting to face on your own. [Read more...]
Many people who are in debt think they are alone. What they don’t realize is that the majority of the country is also in debt and struggling to pay it back. Here are some new debt statistics to show you the full extent of the debt crisis. [Read more...]
A recent survey has found that the typical UK family owes on average £7,944 in unsecured debt – up by 48% since January 2011. This debt is in the form of Credit cards, loans, overdrafts and other forms of credit. [Read more...]
With all the different banks out there, it is hard to know who is offering you the best service and deals as it can sometimes be confusing. They are currently offering incentives i.e. £300 to join, free overdrafts, to try and get us to open an account with them. All this new competition has emerged since the new banks have opened such as Metro Bank and Virgin Money. [Read more...]
Everyday around the country, people are trying to save money in some way. There are millions of people in debt and the best way to get more money to pay off your debt is to change the way you spend everyday. [Read more...]
