Category: Debt

National Debtline guide to debt management

Dec 17 2013

This is a really useful site, if you are in debt, or need information about restructuring finances. Click here.  

Guide to tackling debt

Dec 17 2013

If you’re in debt and finding it hard to cope, it’s important to deal with the problem straight away – the longer you ignore your debts, the worse the situation becomes. Find out what you can do about your debt problem and where to get free help and advice. Basic steps to help you deal …Read the full article

The Govt considering financial MOTs for over 50s

Dec 17 2013

The Government should introduce “financial MOTs” for those aged over 50, a think tank has suggested. The Smith Institute has called for bold action to warn people about the danger of problem debt in the same way that campaigns raised awareness about HIV and Aids in the 1980s. The report, supported by StepChange Debt Charity, …Read the full article

Age UK : Over 50s using equity to pay off mortgage and debts

Dec 17 2013

Internal data from AgeĀ UK Enterprises reveals how a significant number of those in later life are using equity release products to pay off outstanding mortgages and unsecured debts. Just over a quarter (27%) of funds released by Age UK Enterprises equity release customers were used to clear their mortgage, with another 19% of funds used …Read the full article

‘Debt problems may fuel divorce among older couples’

Dec 17 2013

Elderly couples who struggle with debt are more than twice as likely to suffer marriage breakdown than those whose finances are steady, research suggests. Old people can be as harmed by debt as younger groups, argues the Age-UK and International Longevity Centre study. Retired people’s budgets have been squeezed by high energy prices and poor …Read the full article