Latest figures released show that the number of vulnerable people needing debt help with their water bills has soared by 20 per cent in the last year. According to water regulator Ofwat there are many people who could relieve debt problems and benefit from lower bills, but thousands aren’t using the reduced WaterSure tariff even [...]
September, 2009
Students predict debt management worries
A study of around 2,000 students revealed that the majority believe they will graduate with debt management issues that won’t be resolved quickly. The survey commissioned by Endsleigh insurance, showed that almost thirty per cent (29.2%) of students questioned thought that they will graduate with debts of over £20,000. There was also over a quarter [...]
Doorstep energy doesn’t alleviate debt management issues
Millions of customers who have signed up for a new energy deal have not had their debt management worries eased, as they don’t believe they have got a good deal. Research carried out by comparison site uSwitch, found that less than a quarter (22 per cent) of the people they questioned thought that they hadn’t [...]
Energy bill wording fuelling debt problems
Energy bills filled with misleading and confusing jargon that make them harder to understand could be fuelling debt problems. The difficult language chosen by gas and electricity companies to make understanding bills more difficult has been questioned, after consumer association Which? said that customers were frequently left confused. They have asked for a simple-to-understand summary [...]
Student’s debt problems force proactive job hunt
An unemployed recent graduate with debt problems of around £20,000 has taken decisive action to clear his debts by walking the street between two sandwich boards advertising for a job. The history graduate from the University of Kent, decided enough was enough after trying to secure employment the conventional way of mailing CVs and contacting [...]
Halifax ease debt management issues by cutting overdraft penalties
Millions of Halifax customers with current accounts have seen their debt management worries eased as the highstreet lender agrees to cut penalties when they go overdrawn. This has prompted speculation that lenders are coming under growing pressure to lower their charges before a ruling next month by the new Supreme Court. A test case has [...]
Postal strikes causing debt management issues
As postal strikes blight the country, thousands of consumers awaiting their store card and credit card statements could face debt management issues – as the bills are still sitting in sorting offices. Most major credit card companies levy charges for late payment (of around £12 per month), meaning that the average person with two cards [...]
Students face debt management meltdown
Undergraduates waiting to start at University are in debt management turmoil after the student loans system revealed one in ten will have to wait a month without cash. The meltdown of the student loans process, reportedly caused by poor planning, administrative blunders and the recession, has left ten per cent of students without cash at [...]
Unemployment rise means more debt management worries
The number of people worrying over their debt management looks set to increase, as unemployment figures released today are at their highest level in 14 years. In the three months to July, around 210,000 more people have been made unemployed, and the jobless figure now stands at 2.47 million, according to the Office for National [...]
Could your child’s name bring future debt management problems?
Naming your child with a name associated with “naughtiness” could bring it future debt management problems, according to a new study. The saying “Give a dog a bad name and hang him” could also apply to your children, after latest research shows that teachers make preconceptions of children based on their names. A name associated [...]
