The banking industry has abandoned a legal fight over the PPI mis-selling The British Bankers’ Association, which fought the case, said it would not appeal after losing a court challenge against new rules on mis-selling. Barclays said it had set aside £1bn to pay compensation, and HSBC £269m, while RBS added £850m to the £200m [...]

The latest Markit Household Finance Index – an early indicator of ‘actual changes in household finances each month’ – indicates household finances are worse now than at the height of the recession in 2009, as reported by The Independent. The latest figures represent the fastest drop in household savings and disposable income since the Index [...]

What is Debt Consolidation? These days most people have more than one credit card, store cards and other loan debts (such as auto loans and medical bills) and therefore have to make multiple payments each month to various lenders. Debt consolidation is a process where a single loan is obtained to pay off all of [...]

A Company Voluntary Arrangement (CVA) is an alternative to liquidating your limited company allowing it to trade out of its financial difficulties over a specified period of time. It allows you as a director to retain control of your company and continue to trade without the burden of historical debts that can be a significant [...]

In the UK there are a variety of debt solutions available to help resolve overwhelming debt problems for people that need personal debt help. Your personal circumstances will determine which debt solution best suits your needs. When you contact us, our friendly debt experts will be given free and confidential debt advice. We will go [...]

That is the claim Sainsbury’s is making – the supermarket has this week launched its Feed your family for £50 campaign, which gives families a tailored weekly menu giving them all the ingredients needed to fuel a week of family meals. At an equivalent cost of just 60p a meal per person, the daily planner [...]

People worried about their current financial situation may require debt management help, as new figures suggest rental prices are steadily increasing. Despite the impact of the recession on the property sector, rental costs in the UK have increased steadily over the last two years, according to Endsleigh. The average cost in the UK has risen [...]

This May, the amount of unsecured debt being carried by individuals with debt problems rose by £200m, the Bank of England tells us. Every month, it publishes its `Lending to Individuals` statistics, showing us how much debt people took on or repaid in the previous month. It breaks those figures down into debt that`s secured [...]

The number of people with adebt problem entering insolvency in Scotland has actually fallen over the last year, although only slightly. The Accountant in Bankruptcy (AiB), Scotland`s Insolvency Service, has just published its latest figures, showing us how many people entered insolvency to tackle their debts between April and June this year. In all, there [...]