Category Archives: Debt Management News

James Cameron’s Avatar fails to match Titanic as it’s beaten at Oscars by ex wife’s The Hurt Locker

Despite being the highest grossing film of all time, James Cameron’s Avatar was beaten at the Oscars by his ex-wife’s low budget war drama The Hurt Locker.
The highly acclaimed film Avatar, which thrilled audiences worldwide with its 3D effects, only managed to claim three of the gold statues at last night’s Oscars ceremony.
Best Director surprisingly [...]

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60% interest rates on credit card debts fuels debt problems

In a desperate attempt to secure credit, around a million customers have turned to sub-prime lenders charging 60% interest on outstanding credit card debts.
The reported 2,700 people applying daily for sub-prime Provident’s Vanquish card will typically have a poor credit history, and may have experienced debt problems in the past.
Average interest rates on credit card [...]

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Cost of bankruptcy to increase by £90

People who are struggling with their debt problems look set to find it more difficult to relieve their debt management, as the cost of bankruptcy is set to rise by £90.
From April 6 the Government-backed Insolvency Service is raising its bankruptcy petition fees, from £360 to £450.
There will also be an extra court fee of [...]

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Bank of England keep interest rates on hold…again!

In an increasingly familiar tale, The Bank of England has kept interest rates on hold again for the 12th successive month.
Economists anticipated the decision to keep the base rate of interest at the historic low level of 0.5%, as it was widely expected to maintain its record low to aid the struggling economic recovery.
There were no [...]

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Ministry of Justice investigates “misleading” claims management company

Another claims management company, Cartel Client Review, are being investigated by the Ministry of Justice, following reports that their advertised debt management claims are misleading.
The company’s alleged misleading claims were highlighted following an investigation by the BBC’s Money Box programme, where it was reported that customers who had paid hundreds or thousands of pounds to [...]

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Presidents Barack Obama and Bill Clinton call Tiger Woods to offer support

As golfing legend Tiger Woods tries to rebuild his life, following his serial cheating on wife Elin Nordegren, it is claimed that President Barack Obama and Bill Clinton called to offer wishes.
President Obama, a keen golfer, is believed to have contacted 34-year old Woods after his public apology on TV for his multiple extra-marital affairs.
Ex-president [...]

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Portsmouth’s debt problems mean first Premier league club enters administration

Portsmouth Football Club have become the first Premier League club to enter administration, after their debt problems proved too much to difficult to manage.
With debts of around £60m, the move will almost certainly seal the south coast club’s relegation from the top flight, as an automatic nine points will be deducted from their current tally.
Reports [...]

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Tiger Woods back playing golf sooner than first thought

According to Tiger Woods’ caddie and close friend, Steve Williams, the golfing legend may be back on the course sooner than first thought.
In an interview with an Australian newspaper, caddie Williams hinted as much. This was also intimated separately by another of Woods’ close friends.
During a now famous TV and press interview last week, where the [...]

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Abramovich furious as Ashley Cole faces £400,000 fine by Chelsea for cheating on Cheryl

Chelsea footballer Ashley Cole is potentially facing a £400,000 fine for cheating on wife and Girls Aloud star Cheryl, after reports that Chelsea owner Roman Abramovich is furious with the club’s reputation being dragged through the mud.
Allegedly there is considerable anger from Mr Abramovich and the rest of the Stamford Bridge board over Cole’s alleged [...]

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Repossessions and debt problems will loom for years

Repossessions and debt problems could be around for many years to come, as more homeowners struggle to come to terms with their mounting debts and rising unemployment, according to a new report.
A study by the Council of Mortgage Lenders (CML), expects that repossessions will rise to around 53,000 in 2010 – up 15 per cent [...]

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Millions with credit card debts risk debt management problems as interest soars

Millions of credit card holders risk developing serious debt problems as interest soars to the highest rate in decades, according to a latest study.
Even though the Bank of England’s base rate of interest stands at a historic low of 0.5 per cent, people with credit card debts are being put at risk by average interest [...]

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Cheryl Cole, Victoria Beckham, Naomi Campbell and Kate Moss in tribute to Alexander McQueen

Tributes have flooded in for Alexander McQueen, one of the most well known designers in the fashion industry.
Alexander has made dresses for some of the most famous people on the planet in including Cheryl Cole who has this to say:
“My heart goes out to Alexander’s family and friends at this unbelievably sad and tragic [...]

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Katie Price at the Opera Ball in Vienna

Katie Price has been paid thousands of pounds to go to a party according to sources.
Also known as Jordan the thirty something year old model turned business woman spent the night poking her tongue out at Austrian Royalty and every camera she could find. As only Katie can, she stood out from the crowd and [...]

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Does disgraced former England captain John Terry have debt problems?

Following further allegations this weekend about the extra-curricular activities that Chelsea and ex-England captain John Terry has ben up to, it now emerges that the millionaire Premiership footballer could be struggling with his debt management problems.
Questions about the debt problems of disgraced Ex-England captain John Terry emerged over the weekend, following revelations that the [...]

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Vanessa Perroncel loves Wayne Bridge, despite affair with John Terry allegations

At this stage it is difficult to know for sure where the truth lies in the stories that have been published, however, the allegations are that Vanessa Perroncel had an affair with John Terry and a child was conceived from this. John Terry has been stripped of his England Football captaincy due to the [...]

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