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Mobile Data Roaming Charge Cost More Than Holiday

New research from Citizens Advice has found some people have paid more to go online abroad than the holiday cost itself, due to data roaming charges. The charity found one person had a £20,000 bill after she used her phone while on holiday in Turkey to upload pictures. Although the majority of people may not […]

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Personal Insolvency Falls To 10 Year Low

The number of people entering personal insolvency debt solutions in England & Wales has fallen to the lowest level for 10 years. Between April and June 18,866 individuals were declared insolvent, down 29.3% from the same period last year, according to the Insolvency Service. There were 26,668 insolvencies during the same quarter in 2014. Insolvency debt solutions which […]

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Avoid “Write off Debt” Claims

We’ve all heard those adverts on the radio which claim to be “government backed debt solutions” which can “write off debt”, but these should be avoided. While these adverts are often promoting the IVA debt solution, they are doing so in a misleading manner. An IVA can help people repay only a percentage of their […]

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PPI Trapping People In IVA

Waiting for PPI compensation is trapping some people in an IVA debt solution who should have been discharged a lot sooner.   According to a report in the Daily Mail a couple from Northamptonshire have been unable to re-mortgage due to still being in an IVA. The IVA was supposed to finish 2 years ago but […]

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House Prices Increase 12.1%

House prices in the UK have grown 12.1% in the year to September 2014, according to the latest house price index from the Office for National Statistics. This takes the average UK house price to £273,000 by the end of September 2014 with London continuing to outstrip the rest of the UK in growth. London house […]

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One In Ten In Debt With Their Energy Supplier

One in ten people are in debt with their energy supplier, with an average debt of £239, according to a new survey by Gocompare.com. The comparison websites’ survey revealed 26% of those in debt with their energy supplier were just hoping the arrears would solve themselves, without seeking help or advice. Just one in five had contacted […]

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Could Interest Rate Rise Cause Increase In IVA Figures

There’s a fear the number of people entering an IVA across the UK could rise if interest rates were to increase as the Bank of England have been discussing. The Halifax said the recent talk of interest rates rising could “curb” house buying in the UK, due to a recent report it published showing housing price […]

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What to Do When In Debt

It can be difficult to find a route back out of debt when financial problems occur and most people don’t know what to do when in debt. It can be a complicated time and you may be unsure where to turn for help. Over 30% of people we help believe you can go to prison […]

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Bank of England Given Addition Housing Market Powers

The Bank of England will be given additional powers to reduce the boom/bust nature of the housing market which caused the recent economic problems. The new powers will include setting the loan-to-income ratio which will stop people borrowing more than they can afford to repay should interest rates change. One of  the most common problems people […]

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Bankruptcy or an IVA?

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Sometimes there isn’t one perfect debt solution, but instead there may be two or three options which you can consider before making your choice. This happens if you qualify for an IVA as you may decide you want to enter bankruptcy or a debt management plan instead. Each debt solution works differently and has different […]

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