Debt problems

If you’re experiencing debt problems you’re not alone. The UK debt help market has never been busier, as a massive percentage of the nation’s consumers struggle to cope with their finances.

Fortunately, because there are such huge debt problems in Britain, there are also a number of solutions that can help get you out of trouble.

The first thing to realise is that the level of debt you have will dictate which solutions are going to be of any real benefit. For example, if you have massive mortgage repayments you can’t possibly meet on top of credit card debts and other sources of finance, saving a few pounds on interest isn’t going to get you back into the black.

Conversely, if you only have minor debts of a few thousand pounds then you’re not going to have to consider bankruptcy any time soon. Either way, it’s important to assess your situation so you can quickly get the debt help you need.

However serious your debt problems are you need to be proactive in sorting them out. Sitting at home worrying isn’t going to fix anything and neither will denial. If you have serious debt problems then you have to take decisive action.

We provide useful debt help solutions in the form of advice, market news and anything else we think might help get you out of the red and looking at a brighter future.

 

Debt forces UK consumers into negotiations

As more UK consumers struggle with debt problems during the Credit Crunch, many are trying to save money by attempting to negotiate on the cost of differen

Government aims to reduce car insurance costs

The government are planning to help motorists reduce their outgoings and ease their debt problems, by cracking down on uninsured drivers.

Driving costs go beyond inflation

It is hardly surprising that so many motorists are slipping into debt when you consider the increased cost of driving far exceeds inflation.

Rising bills a major debt concern

Despite the Credit Crunch having little direct impact on the majority of UK consumers, many people are struggling to cope with the rising cost-of-living that threatens to push them into serious

Personal debt outweighs the GDP

The amount of personal debt that UK consumers carry is more than the gross domestic product (GDP) of the entire nation.

Students should get the saving habit

More students need to get into the habit of saving from an early age, in order to avoid financial problems and serious debt in later life, according to MoneyFacts.

Pocket money slumps during credit crunch

Parents struggling with debt problems during the Credit Crunch are trimming their outgoings by reducing the amount of pocket money they hand out to their k

Debt demolishes disposable income

Inflation, the Credit Crunch and increased household bills have left UK consumers with increased debt problems and significantly less disposable income.

Debt not as important as a holiday

With a high number of UK consumers struggling with debt, over a quarter of people prefer to spend their disposable income on a holiday than save it to give themselves a financial sa

Energy debt set to financially cripple many

More than 10 million UK homes can't afford to pay higher premiums for their energy bills without slipping into severe debt, according to uSwitch.

Credit Crunch marriages common

According to research from Wedding Ideas magazine, increased debt problems and the Credit Crunch isn't slowing down the number of couples tying the kno

Rent debt becoming a bigger issue

The number of consumers falling behind with their rent payments and slipping into debt as a consquence is on the rise.

Consumers still not saving to avoid debt

According to new figures from Nationwide, 20% of UK consumers still aren't putting money aside to help them avoid future debt problems.

State pension pushes elderly into debt

Research from Prudential has found that the basic state pension doesn't even cover the cost of living and that elderly people relying on a basic pension are likely to slip into debt

Inflation should slowdown in the short term

Leading financial experts have reassured consumers struggling with debts that inflation is set to freeze in the short term.

Debt force Britons to use up savings

UK consumers are having to eat into their savings in order to cope with the increased cost of living and avoid being overcome with serious debt.

Debt makes UK most pessimistic

The Credit Crunch, debt problems and general downtown in the UK economy has made Britain the most pessimistic country in Europe and America.

Check tyres to avoid added debt

UK motorists are being advised to check their tyres in order to avoid further debt problems as the cost of driving continues to grow.

Debt concerns many in the UK

Euro RSCG London has carried out research that shows that many UK consumers primary concern is their finances and the fear of slipping into serious debt.

Reduce debt with cold appliances

UK consumers struggling with debt problems could save as much as £700 million by swapping their fridges and freezers for more energy efficient models.

EDF plunge consumers into further debt

EDF Energy have been criticised for increasing the debt problems of their customers by hiking their gas and electricity prices at the worst possible time.<

Debt in 56 days for most

The majority of UK consumers could last 56 days before slipping into debt if they suffered a loss of earnings according to research from the Yorkshire Buil

Debt problems force consumers into alternative action

People experiencing debt problems are turning to alternative solutions to improve their situation and dig themselves out of the red.

Debt concerns half of the UK

New figures from GoCompare have found that 49% of people in the UK are either worried or seriously worried about debt and their financial year ahead.

Debt in the elderly will become more common

Figures from Prudential show that the elderly are becoming less financially cautious and more likely to slip into serious debt problems.

Bad economy is good news for savers

Despite the Credit Crunch, debt problems and general economic downturn in the UK, financial experts believe that conditions are perfect for savers to make

Debt ridden consumers still not budgeting

The Consumer Credit Counselling Service (CCCS) are warning people struggling with debt to ensure they make a budget, so they know exactly how much money th

Debt doesn't stop consumers ignoring loyalty points

Sainsburys have advised consumers struggling with debt problems, to ensure that they claim the points they've accrued on their loyalty cards.

Government debt help criticised

The government has been criticised for only offering 'poor short term solutions' to the debt problems UK consumers are currently experiencing.

Retirement debt could be avoided

New findings from Just Retirement have found that many UK pensioners are missing out on extra money that could help them avoid debt, with the total loss es