- Thursday, 17 February 2011
Anyone who has recently lost their job has been advised to seek debt help as soon as possible to help them avoid further debt problems.
That is the recommendation of Delroy Corinaldi, external affairs director of the Consumer Credit Counselling Service (CCCS), who also stated that joblessness can add to debt worries.
He said: "Anyone who has lost their job and is worried about making ends meet should seek help as soon as possible before being tipped into the black hole of debt which can be a real struggle to get out of."
These comments were made after the Office for National Statistics revealed that unemployment in the UK increased by 44,000 in the three months ending December 2010.
It was also revealed that around one in five young people aged between 16 and 24 were out of work in this period.
The CCCS found that a quarter of people seeking debt advice in 2010 were unemployed and 11 per cent were claiming Jobseekers Allowance.
Unemployment can lead to debt problems as families affected by it tend to experience a shortfall in their income compared to their outgoings, the charity claimed.
Wed, 23 Feb 2011
Brits concerned about their debt problems, which have been accrued through borrowing on a credit card, may want to consider using a zero per cent balance transfer card... Tue, 22 Feb 2011
Around 430,000 students will be given a manual about how to manage their money and avoid debt problems in the process.
Finance charity Credit Action intends to give its guide on student finance to young people planning to attend university in the 2011/2012 school year.
The average student is expected to graduate with debts amounting to more than £23,000 so the charity has created a guide to inform youngsters about the financial support available, how to budget and how to save money.
This could help would-be students learn how to stay in control of their money and help them avoid debt problems while at university.
Joanna Parsley, associate director of Credit Action, said: "Getting this information and guidance into students' hands before they begin university is key as it allows them to prepare financially, so their university experience can get off to a smooth start."..
Mon, 21 Feb 2011Consumers living with debt problems may want to sign up for the broadband and phone package that Talk Talk is introducing... Fri, 18 Feb 2011
Couples that are going through financial difficulties and seeking debt advice need to be "open and honest" with one another...
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