Following a study suggesting that the 18-34 age group are most at risk from the credit crunch, with many carrying significant debts, financial solutions company Think Money have advised people in this age group to take extra care with their finances as the prospect of a recession looms.
Furthermore, they added that ...
Following Bank of England Governor Mervyn King’s announcement that the British economy is entering a recession, debt management company Gregory Pennington have warned that financial hardship is likely to be widespread in the coming months, adding that the public should aim to get their finances in order and tackle any debts as a ...
The deteriorating state of the economy should lead borrowers to review their finances as a matter of urgency, say debt experts Debt Advisers Direct, following the Autumn forecast from the Ernst & Young ITEM Club.
“Released on 20th October, the Ernst & Young ITEM Club Autumn forecast ‘sees an economy that has ...
Debt management company Gregory Pennington have warned that the economy remains uncertain, despite a number of signals suggesting a potential recovery, and have advised anyone facing severe financial problems to seek professional debt advice as soon as possible.
The Bank of England Monetary Policy Committee’s announcement on Wednesday that the base rate ...
Responding to the International Monetary Fund (IMF)’s report suggesting that the global economic slowdown is likely to worsen and spread to more economic sectors, Debt Advisers Direct have warned the public that extremely testing times may be ahead, and people should look to get their finances in order and clear any debts as ...
In response to economic data from the Office for National Statistics (ONS), debt experts DebtAdvisersDirect.co.uk remind consumers that the right debt solution can help them regain control of their debts, despite the unpredictability of the UK’s finances.
On 30 September, the ONS confirmed that GDP growth (Gross Domestic Product – a measure ...
Responding to a recent report regarding the growing pensions divide in the UK, Debt Advisers Direct (http://www.debtadvisersdirect.co.uk) advised workers to ensure they are planning well financially for the future, and warned anyone approaching retirement with debts to take action as soon as possible.
The report from the Office for National Statistics (ONS) showed ...
As the Government prepare to announce a new scheme that is set to help the millions of households that have fallen into fuel poverty, Debt Advisers Direct (www.debtadvisersdirect.co.uk) have welcomed the scheme, but have reminded consumers that there is still plenty they can do to help protect themselves against rising ...
September 4th 2008
Categories:
Bankruptcy,
Banks,
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Financial Management,
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Debt specialists GregoryPennington.com remind consumers with debt problems of the need to seek debt advice on time.
“Whatever their nature, virtually all financial problems have one thing in common: they get worse if left unaddressed,” says a Gregory Pennington spokesperson. “Whether someone’s behind on their mortgage payments or struggling to keep up with ...
September 3rd 2008
Categories:
Bankruptcy,
Business,
Checking & Savings,
Financial,
Financial Management,
Financial Services,
Financial Solutions,
IVA,
Insurance,
Loans,
Money,
Personal Finance
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Responding to the news that average bank balances are down by 5% compared to last year, a spokesperson for debt solutions company Debt Advisers Direct said that this is a clear sign that the credit crunch and fast-rising inflation is starting to truly affect consumers.
HSBC reported that average balances of ...
August 20th 2008
Categories:
Bankruptcy,
Banks,
Checking & Savings,
Financial,
Financial Management,
Financial Services,
Financial Solutions,
IVA,
Loans,
Money,
Mortgage,
Personal Finance
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Commenting on the rising number of home repossessions, debt consolidation experts DebtAdvisersDirect.co.uk point out that IVAs (Individual Voluntary Arrangements) and other debt solutions could help people stay in their homes.
Of the 45,000 repossessions expected by Council of Mortgage Lenders (CML) in 2008, there were 18,900 ...
August 8th 2008
Categories:
Bankruptcy,
Banks,
Business,
Checking & Savings,
Financial,
Financial Management,
Financial Services,
Financial Solutions,
IVA,
Loans,
Money,
Personal Finance
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As the credit crunch reaches the end of its first year, debt management company Gregory Pennington (http://www.gregorypennington.co.uk) have advised people to keep on top of their finances, and warned that there may still be tough times ahead.
A spokesperson for Gregory Pennington said: “While studies suggest some of the country feel ...
August 7th 2008
Categories:
Bankruptcy,
Banks,
Business,
Checking & Savings,
Financial,
Financial Services,
Financial Solutions,
IVA,
Loans,
Money,
Personal Finance
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Financial solutions company ThinkMoney.com anticipates a rise in the number of people experiencing debt problems in the coming months, despite a year-on-year fall in individual insolvencies.
A recent report from the Insolvency Service suggested that the number of people entering into IVAs in the second quarter of 2008 had fallen to ...
