The company backed the Bank of England's decision saying this will restore some faith to consumer doubts over the fragile state of the economy.
The company also said this is at least one positive that can be taken f r o m the downturn of the economy, and added that this ...
The latest insolvency figures released show personal debt is continuing to rise in the UK, with Q1 of 2010 the fifth consecutive quarter to do so. Official figures declared for the first three months of 2010 saw a 17.9% increase in the number of personal insolvencies in England and Wales ...
April 1st 2010
Categories:
Checking & Savings,
Debts,
Financial,
Financial Information,
ISAs,
IVA,
Investment,
Loans,
Money,
Personal Finance,
Profits
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As billions of pounds of British savers money is being lost in ISA accounts, the government’s consumer watchdog Consumer Focus is due to launch an official complaint on the matter. The move which could potentially ‘shake up the ISA industry’ is a long time coming suggests Matt Spencer, founder of ...
According to recent data released by the Financial Ombudsman Service (FOS), banks are rejecting thousands of requests every month from customers looking for help with their finances.
The Financial Ombudsman Service, which is an independently run service that deals with complaints from consumers and businesses in the financial industry, revealed that ...
Savers must look for smart new ways to make the most out of their accumulated wealth in the midst of continual drops in saving rates. With easy access and notice accounts both dropping their rates in recent months, savers must act swiftly to ensure they make the most out of ...
March 16th 2010
Categories:
Banks,
Bonds,
CDs,
Checking & Savings,
Credit Cards,
Debit Cards,
Debts,
Financial,
Financial Education,
Financial Information,
Financial Management,
Financial Services,
Financial Solutions,
Home Equity,
IRA,
ISAs,
IVA,
Insurance,
Insurance Services,
Loans,
Money,
Mortgage,
Online Banking
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A new Government-run service is set to provide impartial financial advice for millions of UK citizens looking for help with money matters.
The service – called Moneymadeclear – was launched by Chancellor of the Exchequer Alistair Darling and will provide free consumer advice from independent financial experts.
Moneymadeclear gives people the chance ...
With bank rates predicted to stay low for the next 12 months, savers are in an increasingly tricky situation, according to personal finance website MoneyStand.co.uk.
As the Consumer Prices Index (CPI) is often greater than the savings account interest rates, MoneyStand.co.uk believes some individuals are actually poorer in real terms by ...
During tough economic times with rising levels of personal insolvency, one UK website is offering consumers reliable, factual and helpful money advice.
Personal Finance weblog MoneyStand.co.uk has been providing information and opinions on personal finance since January 2008. The blog was created for UK consumers facing common financial issues wanting honest, up ...
With research from NS&I revealing that 40 per cent of the population have no long-term financial plan and almost a fifth (17 per cent) don't seek information on managing their money because it is too confusing, the need for a quick, simple way to help people review their current financial situation ...
Responding to the 2008 repossession and arrears statistics released by the Council of Mortgage Lenders (CML), debt specialists Debt Advisers Direct have stressed the relationship between unsecured debt and mortgage arrears.
"As the CML reports, there were 40,000 repossessions in 2008," said a spokesperson for Debt Advisers Direct, "and a further 219,000 mortgages ...
January 5th 2009
Categories:
Banks,
Debts,
Financial,
Financial Management,
Financial Services,
Financial Solutions,
IVA,
Loans,
Money,
Mortgage,
Personal Finance
No Comments
Commenting on the nation’s economic troubles, Debt Advisers Direct stressed the importance of seeking debt advice in time, before debt problems can escalate out of control.
“Whatever the economic climate, it always makes sense to address debts at the first sign of trouble,” said a spokesperson for the company. “During times ...
Financial solutions company Think Money have warned consumers to be careful over the amount of debt they incur over the festive season, in order to avoid potential debt problems in the midst of an economic recession.
They have also advised those consumers who do rely on credit to act early and tackle any ...
November 28th 2008
Categories:
Bankruptcy,
Business,
Checking & Savings,
Financial,
Financial Management,
Financial Services,
Financial Solutions,
IVA,
Loans,
Money,
Personal Finance
No Comments
Responding to new statistics showing a rise in the number of people in debt applying for bankruptcy, Insolvency Practitioners Freeman Jones have highlighted the importance of addressing debt problems early, especially with a recession looming, and have pointed to the IVA (Individual Voluntary Arrangement) as a useful alternative to bankruptcy that could ...
Commenting on statistics from the Insolvency Service showing a sharp rise in insolvencies, both over the last quarter and over the past year, Debt Advisers Direct have said that it is now more important than ever for people to get their finances in order and tackle any debt problems as ...
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 ...
