UK Debt

Government-Backed Helpline For Debt Problems Charging Up To 41p A Minute

The Huffington Post UK | Posted 06.04.2014 | UK

A helpline for people needing advice on money troubles, debt and benefits is charging 41p a minute, according to reports. The Citizens Advice Burea...

What Sugar Daddies Taught Me About Student Debt

Michelle Gleaves | Posted 01.06.2014 | UK Universities & Education
Michelle Gleaves

More needs to be done to help students who are unable to cope financially to prevent them resorting to such drastic measures. It is possible women are being forced into, what is essentially, the sex industry by their lack of money and ability to fund their education.

What's the True Impact of Debt?

Jo Salter | Posted 26.05.2014 | UK Politics
Jo Salter

Debt is only as bad as the harm that it causes, which is why the Demos report out today has created a 'Harm Index' measuring the impact of debt. It suggests ways that debt support should be tailored to the individual struggles individuals face, and also argues that lenders who cause the most harm face stronger penalties.

Here's Why You're Much More In Debt Than You Think

The Huffington Post UK/PA | Posted 27.03.2014 | UK Politics

Rent, council tax and utility bill arrears often have just as damaging an impact on people as payday loans, according to a new 'harm index' designed t...

More Brits Are 'On The Edge Of Losing Their Home'

The Huffington Post/PA | Posted 24.03.2014 | UK Politics

Citizens Advice is seeing increasing cries for help from people who are on the edge of losing their home, despite the improving economy. During 201...

Osborne Is 'Taking Us Back To A Debt-Fuelled Economy'

The Huffington Post UK | Asa Bennett | Posted 19.03.2014 | UK Politics

George Osborne told MPs in his Budget that the country "borrows too much and saves too little" as he announced a new individual savings account that w...

Osborne's 'Smoke And Mirrors' Over Welfare Cap

The Huffington Post UK | Asa Bennett | Posted 19.03.2014 | UK Politics

George Osborne's decision to cap spending on benefits in the next parliament at £119 billion has been dismissed as "smoke and mirrors", by a leading ...

'Stop Payday Loans' Says Ex-Dragon Theo Paphitis

The Huffington Post UK | Asa Bennett | Posted 14.03.2014 | UK Politics

Former Dragons' Den star Theo Paphitis has hit out at "morally bankrupt" payday lenders and called for them to be outlawed. Writing on Twitter, the...

6 Shocking Things You Wouldn't Believe Payday Lenders Have Done

The Huffington Post UK | Asa Bennett | Posted 13.03.2014 | UK Politics

Payday lenders have spread so far across Britain's high streets that there is now one lender for every seven banks and building societies. The shoc...

My Moral Obligations to Non-existent Debt

Scottee | Posted 07.05.2014 | UK Lifestyle
Scottee

I'm being asked to pay back £1000 to a bank that has reportedly contributed to the national, if not global financial crisis, a bank who sold dead debt to profit from it. Who has the moral obligation to payback?

Spring Cleaning and Finances - It Needn't Be Scary (But for Some It Is)

Judith Lewis | Posted 30.04.2014 | UK Lifestyle
Judith Lewis

So lately I've been researching one of the world's more scary financial terms - debt consolidation - for a few reasons. Some of my female friends feel intimidated or afraid of their finances. They refuse to open bank statements and think they can just bury their heads in the sand and it'll all be OK.

Why Marshmallows and Money Are the Key to Success

Vivi Friedgut | Posted 23.04.2014 | UK
Vivi Friedgut

Understanding the repercussions of everyday financial decisions is just the starting point for good money management. This, along with techniques such as budgeting and making the most of their income, enables students to become 'future capable.'

If You Are Going to Threaten People to Pay Their Bill...

Simon Stevens | Posted 22.04.2014 | UK
Simon Stevens

Language is very important and as we can see, getting it right can in some cases be a matter of life or death. And while I understand big companies need to chase people who do not pay their bills, they need to be accurate in the way they communicate with customers.

Are You a Bulimic Spender?

Mike Shaw | Posted 20.04.2014 | UK
Mike Shaw

'Bulimic' spenders -purchase only to rush back to the shops, guilt-stricken to return what they've bought, once they realise they can't afford it or that it's not actually going to give them the lifestyle they want. Although their 'reverse shopping' habit keeps their finances under control they expose themselves to high stress levels and feelings of self-loathing.

Letter: Why We Are Fighting the Student Debt Sell Off

Fiona Edwards | Posted 05.04.2014 | UK Universities & Education
Fiona Edwards

As a secret report for the government has confirmed, to ensure the student loan book is profitable for private companies the cap on interest for repayments would need to be increased. This means graduates would effectively face a retrospective hike in the cost of their tuition fees.

We're Not Even Half Way Through The Spending Cuts

The Huffington Post UK | Asa Bennett | Posted 05.02.2014 | UK Politics

George Osborne is less than half way through his planned spending cuts after proposing to extend them up to 2019, the Institute for Fiscal Studies has...

Student Movement Gets Ready to Resist Rising Debt

Matt Stanley | Posted 02.04.2014 | UK Universities & Education
Matt Stanley

This year the Tories are preparing a new, massive attack on students, which promise to be as regressive and damaging to the future of millions of people as the trebling of tuition fees has been - plotting to sell all our student loans to private debt collectors, who are hungry to make a profit out of saddling us with more debt than we signed up to. Students are, however, building a movement to stop the government in its tracks.

Britons Need Saving From Our Savings Crisis

Alex Letts | Posted 31.03.2014 | UK
Alex Letts

Britain is in the throes of a personal finance crisis. Dramatic figures out recently revealed that personal debt totals £1.43trillion and the average household debt is almost twice as high as a decade ago at £54,000. To some this would come as a surprise, but to many it is confirmation that they are not alone in their struggle.

My 20-Something Quarter-Life Crisis

Nathalie Gordon | Posted 26.03.2014 | UK Lifestyle
Nathalie Gordon

I was born into a generation with the world at my fingertips, raised on the assumption that my financial prospects would be the same, if not greater, than those of my parents but instead the world we were told we could have, is out of reach; that career ladder we were all aiming to get on, is a high-chair away.

The Best Years of Our Lives?

Anthony Curley | Posted 21.03.2014 | UK Politics
Anthony Curley

The average under 25-year-old who contacts StepChange has unsecured debt of £5,471. Small wonder growing numbers are falling into the clutches of parasitic payday lenders. In 2012, 42% of the charity's young clients had taken out a payday loan, rocketing up from 25% in 2011.

Wedding Vows 2014 - 'Til Debt Us Do Part

James R Brown | Posted 17.03.2014 | UK Lifestyle
James R Brown

In the past five years, we've seen an almost 50 per cent rise in the number of cases where one party in the marriage is left claiming they're "picking up the tab" for debts they didn't build up. This can happen for two reasons.

Young People Live Lives of Luxury on Housing Benefit... Or Do They?

Paul Noblet | Posted 17.03.2014 | UK
Paul Noblet

George Osborne has announced the Conservative Party would cut housing benefit for under-25s after the next election as part of £25billion spending cuts, removing a vital lifeline for many homeless young people who are already struggling financially. Such a move would be catastrophic for the 6,000 homeless young people Centrepoint supports each year.

Why Is Salmond So Happy With The Treasury?

The Huffington Post UK | Asa Bennett | Posted 23.01.2014 | UK Politics

Alex Salmond has welcomed the Treasury "starting to come to terms with reality" after pledging to honour all UK debts up to the date of Scotland's ind...

Are Payday Lenders 'Exploiting' Borrowers?

The Huffington Post/PA | Posted 25.01.2014 | UK

Payday lenders have been accused by Which? of "exploiting" borrowers who default on loans with over-the-top fees that raise the risk of them tipping i...

All You Need To Know About Bankruptcy

The Huffington Post UK | Asa Bennett | Posted 25.01.2014 | UK

Declaring bankruptcy is a sad event but it happens to many cash-strapped Brits who find themselves unable to pay their debts, including BNP leader Nic...