The number of people struggling to repay their energy bills looks set to grow even more, as more people struggle with their debt management issues, according to government figures. Figures from the Department of Energy and Climate Change show that around 4.6 million households could be suffering from fuel poverty this year. This figure equates [...]
October, 2009
Credit crunch may force water bills to rise
Water bills could rise faster than predicted, as the credit crunch is making it difficult for companies to secure the funding they need. Experts are warning that smaller water companies, and those with a lower credit rating, could find raising the capital needed for investment almost impossible if the markets don’t recover. The estimated £27bn [...]
Energy bill queries fuel debt advice numbers
The number of people seeking debt advice over their mounting fuel debts has grown substantially, according to charity the Citizens Advice Bureau (CAB). Their figures show that between April and September this year, the number seeking debt advice regarding their energy bills in England and Wales had increased by 46 per cent, when compared to [...]
Mortgage affordability tests to spot potential debt management issues
Financial watchdog the FSA (Financial Services Authority) have called for the introduction of stricter affordability tests, so their members can recognise potential debt management issues and prevent future debt problems from developing. Any applicants looking to get a home loan may have to divulge more about their spending habits, including how much is spent on [...]
Liar Loans banned to prevent debt management issues
New rulings proposed by Financial watchdog the FSA (Financial Services Authority) look set to minimise potential debt management issues further by calling an end to “Liar Loans”. The self-certificate home loans, labelled “Liar Loans” as they require no proof of earnings or additional income, look set to be outlawed under new proposals from the FSA. [...]
No debt management worries for Button…yet!
Despite taking a £5million pay cut this year, Jenson Button will have no debt management worries after securing the Formula 1 world championship. At the start of the season Button and his team mates were told that there was no future for the team as they had lost their funding. Parent company Honda, who owned [...]
More middle-class debt management problems
During the last twelve months, more middle-class households have been affected by debt management problems, according to latest findings. The study by leading debt management specialists Chiltern, found that households from traditional middle-class areas had increased over the last year faster than other sectors of society. This could be due to the financial turmoil increasing [...]
Londoner’s debt management problems set to be stretched
For people living in London their debt management problems look set to be pushed even further to the limit, after bus and tube fares are to be increased. London Mayor Boris Johnson announced the price increases in an effort to plug the multimillion pound deficit in transport funding within London. Added to this was the [...]
Does actor Nicolas Cage need debt advice?
Hollywood superstar and Oscar-winning actor Nicolas Cage is reportedly in need of some debt advice, after facing claims for millions of pounds in unpaid taxes. The actor who is responsible for hits including Leaving Las Vegas, Captain Corelli’s Mandolin and Con Air, and who commands around £10 million-a-film is currently offloading many properties from his [...]
Financial help for pensioners in debt
Financial help for pensioners in debt could become a reality if the State Pension Age increases to 66 from the current 65 according to the Shadow Chancellor – George Osborne during the Conservative Party Conference in Manchester last week. In fact this is one of the proposed policies the Conservatives intend following a successful general [...]
