According to recent research there are now millions of Brits who are worried about their personal debt levels, and more and more are likely to be seeking advice and solutions.

Over the past few years the global financial crisis and the recession has sent many people plunging into debt, with many having built up credit card debts, taken out loans, spent on overdrafts, and wiped out savings in order to make ends meet financially.
(more…)

One debt management group has recently accused lenders of failing consumers by getting them into increased personal debt through irresponsible lending.

There is no doubt that consumers in the UK have a serious problem when it come to personal debt, and much of this debt has been accrued on credit cards, with debt problems spiralling out of control for many credit card holders. One debt management group has now accused lenders of failing consumers in the UK by getting them into increased levels of debt through irresponsible lending.
(more…)

With so many people harbouring a wide range of debts these days some experts have recommended consolidation of debts to help avoid multiple interest charges and repayments

In the current economic and financial climate many people have found themselves in debt, with a huge number of people having a range of debts to deal with from credit cards and store cards to loans, overdrafts and more. For many people this means having to pay multiple interest charges to a variety of different creditors as well as having to deal with a range of repayments each month.

(more…)

One debt management group has recently expressed concern that the increase in the availability of certain credit cards could lead to a rise in the level of credit card debt in the UK.

Over the past couple of years getting a credit card or any other form of finance has become a difficult task for many consumers in the UK, with the effects of the global financial meltdown coupled with the recession making it difficult if not impossible for some people to get their hands on a credit card, no matter how desperately they might have needed one.
(more…)

High levels of debt is at the top of the list of worries for many consumers these days, particularly after the damage caused by the recession and the credit crisis, and one debt charity has called for employers to offer more support and help to workers that are plagued by debt problems.

Many people these days have a high level of debt to deal with, and this is an issue that has got worse over the past couple of years with the recession and the global financial crisis taking their toll. Even though many of those that have debt worries are working the money simply isn’t sufficient in some cases to alleviate their debt problems.
(more…)

A recent report has shown that many people in the UK are hiding their high levels of debt from family and loved ones, and are instead coping on their own to try and make ends meet.

Many people in the UK have huge levels of debt to deal with these days, and with the recession and the global credit crisis having wreaked havoc on the nation many people have built up a range of debt over the past couple of years alone. However, not all borrowers are being honest about their debt levels with family and loved ones according to a recent report.

(more…)

A leading debt charity in the UK has said that consumers in the UK need to improve their knowledge when it comes to financial management, as this could help them to deal with their debts.

For many people dealing with debt issues has become a big problem, and this is an issue that has become increasingly apparent during the recession and the credit crunch. Many people that have clocked up personal debt over recent years have no real knowledge on how to manage their debts and finances, but with so many people now struggling with so much debt this is something that consumers could now benefit from.
(more…)

It has been claimed that with personal debt levels on the rise and an increase in consumers needing help, more effective financial services are needed in the UK to deal with personal debt.

The level of personal debt in the UK has been causing concern for some years, but over the past couple of years worries over the personal debt mountain across the nation have been escalated. With the deep, long recession having had a serious effect on the finances of many people, coupled with the chaos that has been caused by the global financial crisis that hit us in 2007, many people have found themselves in serious hot water when it comes to their personal debts.
(more…)

Although many parents worry about the levels of debt that their student children may get into a recent study has shown that many students are more switched on about debt than people think.

As many people know staying on in full time education as a university student can be very costly, and many student worry about getting into debt over the period that they are studying at university. However, many parents worry even more about their student children, and how getting into serious levels of debt whilst at university could impact upon their future.
(more…)

A recent survey has shown that a rising number of people in the UK are turning to debt management plans as a result of their financial concerns.

There is little doubt that many households and individuals have suffered financially over the past couple of years, with the global credit crunch wreaking havoc across the nation followed by the deepest, darkest recession in decades. Lack of finance, a flagging economy, and huge number of job losses have really taken their toll on the finances of many people, and this has had a deep impact on the finances of those that have personal debt to deal with.
(more…)