UK Debt

You May Be Spending Too Much To Stop People Thinking You're Stingy

PA | Posted 24.06.2014 | UK

Fears about appearing "stingy" in front of friends and family are helping to plunge people into over £1,000 worth of debt which is purely related to ...

From Mindlessness to Mindfulness

Sharon Bull | Posted 12.08.2014 | UK Lifestyle
Sharon Bull

For years I allowed myself to believe material things were the key to happiness, love, admiration and friendships. I wanted people to respect me, believe in me and see me as the confident and vivacious woman that I truly didn't believe I was. Credit cards were like gifts from heaven as they hit the floor by the letterbox and the more I had in my purse, the better I would feel.

It's Time to Make the Government's Child Poverty Strategy Count

Matthew Reed | Posted 23.07.2014 | UK Politics
Matthew Reed

Child poverty is simply unacceptable and is damaging children's lives. Much more is needed to meet the government's commitment to end child poverty by 2020. By taking the actions we are calling for, the government would make a significant start towards achieving this goal and improving the lives of millions of children.

Shedding Money Worries and Unleashing Your Creative Beast

Martyn Sibley | Posted 03.07.2014 | UK Lifestyle
Martyn Sibley

Unless you don't follow me on social media or you live in a cave, you'll know that I'm staying in Spain for a few weeks. Beyond the sun, sea, culture, language and everything else I love about this country; it has also marked some very significant aspects of my life.

If The UK Is Recovering, Why Are 15 Million Still 'Living On The Edge'?

The Huffington Post/PA | Posted 10.04.2014 | UK Politics

Around 15 million people are "living on the edge" despite the improving economy, a report by a debt charity has warned. Stepchange said that these ...

Household Finances on the Edge

Peter Tutton | Posted 09.06.2014 | UK Politics
Peter Tutton

Our major survey of British family finances finds that 15 million people are already showing signs of financial difficulty, 13million wouldn't have the savings to keep up with their essentials bills for a month if their income dropped by a quarter, and 16million would consider using unsecured credit to keep up with essentials.

The UK Is £100bn More In Debt Than Osborne Tells You

The Huffington Post UK | Asa Bennett | Posted 08.04.2014 | UK Politics

George Osborne's austerity message is set to be dented by the government's own statistics body, as it prepares to adopt new calculations that mean the...

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.