Category Archives: Blog - Money Mole

“Debt problems, for the Arsenal”

As the Premiership football season kick-started this weekend, many supporters around the country risk developing debt problems to support their multi-million pound footballing icons.

According to research, around one in five football fans has been forced into debt to cover the cost of following their team.
With the cost of following your football team rising by 15 [...]

Read the full article »

Recession could push debt problems and unemployment figures further up

Experts predict that unemployment could rise to almost 4m which would cause further debt management issues and have devastating effects on the debt problems of those affected.
The Centre for Economics and Business Research (CEBR) think-tank suggests that the unemployment rate could rise to around 3.8 million, from the current level of 2.4 million, with national [...]

Read the full article »

Debt problems rise most for over-45s

Falling property prices and multiple marriages have been cited as reasons why the over-45’s are suffering the most with debt problems.
The number of individuals suffering with debt management issues and going bankrupt in the over-45 age range rose by 124% between 2004 and 2008, according to latest research.
The report by accountancy firm Wilkins Kennedy showed [...]

Read the full article »

UK’s debt problems hit record high

The debt problems of the UK have soared to their highest ever level, increasing the total outstanding UK government debt to £799bn.

The UK government debt has never been this high since records began in 1974, and the recent rise takes the total amount outstanding to an equivalent of 56.6% of UK Gross Domestic Product (GDP).
The [...]

Read the full article »

Pubs failing to deal with debt management

The UK is losing around fifty pubs a week, as many fail to deal with their debt management and fall prey to administrators.
The British Beer and Pub Association said that a third more pubs had closed in the first half of 2009 than during the same period in 2008.
Pubs most vulnerable of closure and in [...]

Read the full article »

Debt problems not helped by higher BT prices

BT have announced the cost of their call prices will be increased for the second time this year, making customer’s debt problems even harder to shift.

The telecomms company have now made making calls over 30 per cent more expensive than they were six months ago, after they put up prices again. They have now risen [...]

Read the full article »

Lenders urged to cut mortgage rate to ease homeowner’s debt management issues

Banks and building societies have been urged to cut their mortgage rates to help the debt management of customers, after the Libor rate fell below one per cent for the first time.

The rate at which banks and building societies lend to each other, known as the Libor rate, dropped to the lowest level for over [...]

Read the full article »

Almost 90% of young adults worry about debt problems

Around ninety per cent of young adults said they feared debt problems, if they were to lose their jobs in the current economic climate.

The study by the BBC found that 88% of adults aged between 25 and 34 years old, feared for their finances, saying it would be financially “very damaging” for them or their [...]

Read the full article »

Jacko’s debt management under scrutiny

After the weekend’s shocking news of Michael Jackson’s death, his debt management has come under the microscope as the lawyers unearth shocking debt problems.

Following his swift exit, lawyers were set to divide his estate between his family and three children, but whilst sifting through his accounts huge debt problems have been discovered.
It seems Jacko ignored [...]

Read the full article »

Higher rail fares increase debt management worries

Train passengers have seen fares rise by up to 11%, causing worries about their debt management to grow.
A critical report by MPs has slammed the franchised rail system, which it labels “perverse”, and claims that consumers are taken for granted.
The privately owned rail franchises have upped ticket prices by up to 11% on some routes, [...]

Read the full article »

Only in England!

It started off as just another immigration case. In August 1996 a man going under the name of Shaqa Shatri arrived in the UK with his tale of woe. He told immigration officials that he was a Kosovan refugee fleeing from the Serbs and that he wanted to come here to avoid persecution.
Being the nice [...]

Read the full article »

Fishy Business

Times appear to be changing as the recession forces people to rethink their priorities, especially so in Iceland which has been hit so severely that the country is on the verge of bankruptcy. Surprisingly enough though, their situation is apparently leading to better times in Grimsby!
Back in the 70’s relations between Iceland and Great Britain [...]

Read the full article »

Irresponsible Lending v Irresponsible Regulating

It looks as if the Financial Services Authority is going to find that its plan for capping mortgage loans is going to meet with some fierce resistance from mortgage lenders who are already mounting a campaign against its proposals under The Turner Review.
The FSA have said that they will look at capping loan to income [...]

Read the full article »

Above The Law 2

Will I ever get used to the double standards of this Government?
The Competition Commission has ordered BAA to sell 3 of their 7 airports as their present holdings have caused a complete ‘absence of competition’ and are therefore detrimental to passengers and airlines in Scotland and the South East of England. BAA have been told [...]

Read the full article »

Tent City, Ca.

How times have changed, especially for the Californian capital, Sacramento. America has long been famed for its affluence and high standard of living, especially in the ‘Golden State’ of California, but all that is rapidly changing and nowhere is this more obvious than in Sacramento’s new suburb – Tent City!
There are 300-400 people living [...]

Read the full article »