The national charity known as the Money Advice Trust has warned that hundreds of thousands of people in the UK could be struggling with debt problems as a near direct result of unemployment. Researchers found that as many as 185,000 people are struggling with debt problems and money worries in the current economic climate. Even [...]
November, 2011
New research identifies young people at risk from debt problems
A new study commissioned by the Consumer Credit Counselling Service (CCCS) has found that in general, young British people are experiencing greater debt problems than before but are unable to build up assets as successfully as previous generations. The report, which was entitled ‘The Debt and Generations Report’ and was produced by the think-tank known [...]
Debt problems caused worker to steal £184,000 from firm
A woman from Darlington has been jailed for 21 months after she was caught stealing from her employer. Patricia Rose Parrott stole a total of £184,000 from the firm she worked for, Teesside Fluid Systems, over a period of five years. The 58-year-old’s reason for doing so was apparently mounting debt problems, which she had [...]
