debt advice News

With unemployment figures increasing, The Debt Advisory Centre advises people to consider the importance of saving while they're in work.

The Debt Advisory Centre advises credit card borrowers to make sure they have a plan of action for repaying their debts.

Debt solution provider Harrington Brooks help clients raise their income by offering a Free State benefit and tax credit checking service to all clients. The average rise in income for those whom a missing claim is identified is £900 per year

National debt advice charity Debt Advice Foundation has developed a new interactive savings advice tool for children in response to growing concerns about the nation’s ability to understand financial capability basics.

Government proposals to overhaul the pre-pack insolvency sales process have now been dropped, to the dismay of business bodies.

Most of the staff at a Liverpool-based environmental charity are to lose their jobs, it has been announced.

Debt Local offers debt advice to clients and which can put people in debt into contact with dedicated local debt advisors. Call Free on 0800 044 5659

With unemployment figures increasing, The Debt Advisory Centre advises people to consider the importance of saving while they're in work.

At the recent CBI Conference, 70pc of business leaders polled claimed that prospects have grown bleaker given the recent European crisis.

Public sector workers planning to strike later this month could cost the economy at least £100 Million experts have warned.

ES Financial is a UK based Financial Services Company Providing Helpful Debt Advice and Debt Management Plans. To discuss more about our financial services please call us for free on 0800 0445659

Do you need debt advice? do you want to know about debt management plans? Call For Free On 0800 044 5659 and get instant debt advice.

The Debt Advisory Centre advises credit card borrowers to make sure they have a plan of action for repaying their debts.

Debt solution provider Harrington Brooks help clients raise their income by offering a Free State benefit and tax credit checking service to all clients. The average rise in income for those whom a missing claim is identified is £900 per year

The number of people becoming personally insolvent in England and Wales has risen for the first time in a year, according to figures released by the Insolvency Service.

Experian has reported a massive 100% increase in the level of borrowing amongst high income families in their 30s and 40s over the past three years, with many citing the rising cost of living as the main cause.

National charity Citizens Advice has produced top tips for homeowners struggling to keep up mortgage payments ahead of tomorrow’s repossession figures.

Nearly half of individuals (47%) are concerned about their debts, according to the latest wave of R3’s, the insolvency trade body, Personal Debt Snapshot.

That was the finding of a survey conducted by the think-tank, the Centre for Economic and Business Research (CEBR).

"R3 welcomes the Government's announcement today to consult on increasing the petition debt levels for creditors.

First time buyers and borrowers with smaller deposits are enjoying the first signs of recovery in the UK mortgage market, with the number of products available for those with a 10 per cent deposit rising to the highest levels since November 2008

“Typically many businesses will be caught out by the P35 deadline on 19 May, having been ‘getting by’ and not submitting the full amount of PAYE they owe each month.

HM Revenue and Customs (HMRC) has announced that it intends to target more groups of workers in its efforts to recoup unpaid taxes.

The date (1-2 November) is timed to attract decision makers as they plan their budgets for the following year.

Statistics on debt judgments in England & Wales released today (May 24) by Registry Trust Ltd show that the total value of county court judgments

The quarterly value of debt judgments against consumers in England and Wales has fallen £90m (16.7 percent) year on year according to statistics released today (May 24) by Registry Trust Ltd.

Comment from Frances Coulson, President of insolvency trade body R3

Citizens Advice and The UK Cards Association produce consumer guidance on recent changes

On Friday this week, May 6, the Insolvency Service will issue the latest Government quarterly statistics for insolvencies in the UK in the first quarter of 2011.

Money education charity Credit Action has today released the May debt statistics, a monthly release which details the level of debt in the UK.

The following winding up petitions have been advertised today.

The number of troubled companies falling into insolvency in England and Wales rose for the second successive quarter.

Commenting on the GDP preliminary estimate for Q1 2011

The UK dodged a double dip recession in the first quarter. But the pace of growth was nothing to write home about and will have done little to harden interest rate sentiment one way or the other at the Bank of England.

The Forum of Private Business is warning small firms to keep proper financial records or face fines in excess of £3,000.

Leading business information expert, Equifax, has released its final report of Business Failures for 2010. With a 12.1% fall in failures recorded for the whole of 2010, compared to 2009.

The insolvency trade body has launched their campaign for a change in the law[i] which could result in over 2,000 more businesses being rescued each year.

National debt advice charity Debt Advice Foundation has developed a new interactive savings advice tool for children in response to growing concerns about the nation’s ability to understand financial capability basics.

Living in debt is one of the worst things that one should have to live with as it can be very frustrating.

Late payments by companies – an early indicator of weakening trading – have increased to the highest level in three years, Experian has warned.

UK government u-turn on £27 million funding for free debt advice service

The taxman has announced that in a campaign commencing after July 2011, some 200,000 small businesses will be selected for one of HMRC’s new “Business Records Checks” aimed at raising an extra £600 million over four years.

The Forum of Private Business is warning small firms to keep proper financial records or face fines in excess of £3,000.

The number of directors disqualified by the government for misconduct, such as fraud, has failed to keep pace with an increased number of reports of potential misconduct, according to research by insolvency trade body R3.

This question is one of the most frequently asked. Firstly, the chances are that if you require a trust deed, then your credit rating will already be affected by either having to much credit or missing payments and/or default notices.

Credit card companies are now repaying customers most expensive debts first. Previously customers repaid the cheapest, including 0% borrowing first; leaving them paying interest on other debts for longer.

Research carried out by national debt advice charity Debt Advice Foundation has revealed that, given the choice, the majority of people that are struggling with debt would prefer to repay their debts in full rather than have them written off.

Former Gangmaster Kashmir Singh was this week disqualified for 13 years from being a director of a company following an investigation by the Insolvency Service.

On Sunday, Ireland finally agreed to request a financial rescue package. Although details have yet to be finalised, approximately Eur 80bn is to be made available, equivalent to about half of Ireland’s GDP.

Banks and building socities are writing off millions of debt every day. What should you do if you are struggling with unsecured debt repayments?

The latest energy price hikes will put further pressure on family finances this winter. Find out how you can get help if you're facing increasing debts.

The £85 Billion bailout of the Irish economy will cost every UK family £300.

Figures show that HMRC is making it harder for businesses to defer tax payments through the ‘Time to pay’ scheme says Syscap, the UK’s leading independent finance provider.

M&S Money has revealed new research that shows that many UK parents admit they are still worried about whether the next generation will be able to manage their own money, despite the credit crunch and the focus on finances in the current climate.