The number of people seeking help from free debt advice agencies has risen in the last year, a new survey shows. Some 1.54 million people sought help with excessive borrowing in 2011, compared with 1.4 million the previous year, the study by the Money Advice Trust has shown. Figures also show around 10 million individuals [...]
The dire state of many Britons’ personal finances has been underlined by new research that shows 3.5m people are considering taking out payday loans over the next six months. Concern over personal debt has reached the highest level since insolvency body R3 began making records, it said yesterday as it warned of “zombie debtors” who [...]
China’s export growth slowed further in October as the eurozone debt crisis and fears of a slowdown in the US dented demand for its goods, figures show. Shipments from China rose 15.9% from a year earlier, down from a 17.9% growth in September and 24.5% in August. Meanwhile, imports grew 28.7%, resulting in a trade [...]
(Reuters) – Stocks fell on Wednesday on fears about the French banking sector’s exposure to shaky European debt and its possible spillover onto U.S. banks. Trading appeared to be driven again by momentum. For a fifth straight day, the Dow industrials shifted by more than 400 points from the session high to the day’s low. [...]
If you are feeling overwhelmed by a mountain of debt, you may be able to avoid insolvency by taking measures to reduce the amount that you owe. 1. Don’t Put Your Head In The Sand If you have mounting debt, ignoring the problem will only make it worse. If you are struggling to make monthly [...]
British household finances have deteriorated to the lowest point since the depths of the recession, heightening concerns that the economy may be slipping back into a double-dip downturn. Markit’s monthly survey of consumers shows that the triple blows of rising fuel costs, the government’s fiscal squeeze and faltering global growth are all eating deep into [...]
Greece is set to lead the eurozone’s first-ever default as European leaders agreed that the private holders of Greek debt will take a hit of €106bn over eight years. Breaking weeks of deadlock, the heads of the 17 eurozone governments conceded that a “controlled” failure was the only way to prevent the collapse of the [...]
Britons spend the first 45 days of the year paying off just the interest on their debts, according to the new research. It means that tomorrow is so-called Debt Freedom Day – the day when borrowers become free of paying the interest on their debts and can finally begin re-paying the actual debt itself. It [...]
We investigate how families are finding innovative ways to generate some extra cash. Britain may officially be out of a recession, but for many their economic battles are only just beginning. It was a point that Ed Miliband, the leader of the Opposition, reiterated last week when he said that more and more families will [...]
You know you’re living paycheck to paycheck if you find that you’re consistently running out of money before your next paycheck arrives. If you frequently have to borrow money from friends or relatives, take out payday loans or cash advances, or use your credit cards to cover your expenses until your next payday, then you’re [...]
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