All articles for › Debt

It is perfectly normal for couples or business partners to take out loans or overdrafts in their joint names, in the expectation that each of the individuals will be responsible for their share of the debt repayments over the agreed repayment period. All’s well as long as repayments are kept up to date, and partnership [...]

Following the announcement of severe cuts in public spending last year, we are now starting to see the impact of these on services offered to the public, with the latest casualty being the provision of free debt advice services, with the removal of the Financial Inclusion Fund last week. This Fund amounted to £25m a [...]

Money problems may be fueling a rise in depression in England, it has been suggested. Prescriptions for anti-depressant drugs such as Prozac rose by more than 40% over the past four years, data obtained by the BBC shows. GP’s and charities said they were being contacted increasingly by people struggling with money problems and job [...]

2010 turned out to be a further difficult year for many households in Bristol, with the city featuring highly in the league for personal insolvencies for the 2nd year running. Official records show that the numbers of people taking out some form of insolvency solution, either with an Individual Voluntary Arrangement (IVA), Bankruptcy or Debt [...]

2010 turned out to be a difficult year for many households in Nottingham, with the city featuring highly in the league for personal insolvencies for the 2nd year running. Official records show that, whilst 10% down on 2009 figures, 3000 people in Nottingham took out some form of insolvency solution, either with an Individual Voluntary [...]

2010 turned out to be a difficult year for many households in Sheffield, with the city featuring highly in the league for personal insolvencies for the 2nd year running. Official records show that 3366 people took out some form of insolvency solution in Sheffield, either with an Individual Voluntary Arrangement (IVA), Bankruptcy or Debt Relief [...]

2010 turned out to be a difficult year for many households in Birmingham, with the city coming out top of the league for personal insolvencies for the 2nd year running. Official records show that 3703 people took out some form of insolvency solution, either with an Individual Voluntary Arrangement (IVA), Bankruptcy or Debt Relief Order. [...]

2010 turned out to be a further difficult year for many households in Manchester, with the city featuring highly in the league for personal insolvencies for the 2nd year running. Official records show that last year 2352 people in Manchester took out some form of insolvency solution, either with an Individual Voluntary Arrangement (IVA), Bankruptcy [...]

Are you stressed about your finances, short of money? Do you constantly find yourself thinking about your outstanding bills distracting you from your work. If you do, don’t worry you are not alone, many people suffer with money problems. In fact stress levels can be directly linked to the amount of debt people have. This [...]

Many people find life extremely worrying at the present time, with many facing the uncertainty of redundancy, or at least reduced opportunities to increase take home pay through overtime or extra hours. At the same time, we are seeing inflation running amok, pay rises (for the lucky few – maybe city traders) well below inflation [...]