UK Debt

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...

Whose Recovery Is It Anyway? The Appalling Inequality Behind Britain's Two-Tier Economy

Andrew Smith | Posted 28.02.2014 | UK Politics
Andrew Smith

If we were to judge the wellbeing of the nation by the changing skyline of the City of London or the number of designer handbags then we would be on the verge entering a new golden age. However this only tells one side of the story, the other is told by widespread political apathy, increasing household debts and the ever-growing queues at food banks and pay day loan companies.

Who'll Spend The Most On Christmas Gifts This Year?

The Huffington Post UK | Asa Bennett | Posted 13.12.2013 | UK

Scots have defied their spendthrift stereotype as a new survey has found they are set to be the biggest spenders on Christmas presents in Britain, spl...

Have You Danced With the Devil? The Real Alternatives to Payday Loans

Sarah Willingham | Posted 26.01.2014 | UK
Sarah Willingham

Apart from maybe the big six energy companies, I don't know any type of business which gets more bad press than payday loan companies. Anyone you speak to - in the pub, on the school run or in the office - has an extremely negative view of them, yet as much as £1.8 billion is being lent a year by payday loan companies and some (yes you Wonga!) have interest rates as high as 5,853% APR. Disgraceful!

Has Debt Become the Norm in Britain?

Megan Hughes | Posted 25.01.2014 | UK Universities & Education
Megan Hughes

In a time of economic crisis, it is understandable that many families hit by financial hardships build up sometimes crushing levels of debt. This is often the only option for single-parents or low-earners, particularly those without strong familial ties to their own parents and relatives...

We Will Limit Cost Of Payday Loans, Treasury Pledges

The Huffington Post UK | Jessica Elgot | Posted 25.11.2013 | UK

The Government is to announce it will cap the cost of payday loans, after damning new statistics showed more than 60% are offered without proper check...

£1,430,000,000,000

The Huffington Post UK/ PA | Posted 23.01.2014 | UK

Millions of families are on the brink of financial collapse, a worrying new report has shown. Many do not have enough money to cover their rent or ...

Selling Off the Loan Book Would Be the Government's Most Outrageous Attack on Students, So Why Aren't the NUS More Concerned?

James Elliott | Posted 23.01.2014 | UK Universities & Education
James Elliott

What could be more outrageous than the undemocratic trebling of tuition fees, or the fundamentally anti-working class policy of scrapping EMA, denying thousands of poorer students their chance at further and higher education? After the attacks on FEs, raising fees for adult learners and axing half a million places, where could the coalition sink to next?

How Many Will Need Payday Loans To Cover Christmas?

The Huffington Post UK | Asa Bennett | Posted 01.11.2013 | UK

More than one million people plan to take out a payday loan to cover the cost of Christmas, research by a Government-backed Money Advice Service has f...

The Harm Caused by Nuisance Calls and Texts

Peter Tutton | Posted 28.12.2013 | UK Tech
Peter Tutton

These types of calls and messages have the potential to cause serious harm. Our research shows that 3.2 million British adults have been left afraid to answer the phone as a result of unsolicited marketing calls and text messages.

Families Struggle With Cost of Looking After Homes

David Holmes | Posted 06.12.2013 | UK
David Holmes

Low income families are penalised by the poverty penalty that forces them to pay more for essential goods and services, because they are so often excluded from mainstream credit. This creates a cycle of debt and poverty, making it much harder for people to run a home, or in extreme circumstances, leaves them unable to afford the absolute basics such as beds and fridges. Unsurprisingly, the poorest and most vulnerable families are most likely to suffer from living in what are effectively "broken houses".