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Household Debt Rising
Household debt has risen by more than 30 per cent to an average of £13,153 over the last three years according to figures from the Citizens Advice Bureau (CAB). Read more
Tories Use Provocative Language To Tackle Debt
The Conservative party has launched an anti-debt campaign that urges young people to “ignore their inner tosser” and cut out unnecessary spending to reduce the likelihood of serious debt problems. Read more
Staying In The Driving Seat
The financial crisis at car giant Ford, which is making tens of thousands of US workers redundant, has fuelled uncertainty in the North West/West Midlands/UK automotive sector. Read more
Biggest Day Of Your Life - And The Biggest Debt
If your loved one got down on bended knee to pop the question on Valentine’s Day, your thoughts might now be turning to the big day. Read more
Bosses Urged To Help Staff
Companies should offer support schemes to employees with personal debt problems as part of flexible benefits packages. Read more
STAYING IN THE DRIVING SEAT
The financial crisis at car giant Ford, which is making tens of thousands of US workers redundant, has fuelled uncertainty in the North West/West Midlands/UK automotive sector.
Combined with the rising cost of living, many communities could face severe financial hardship, warns a specialist personal debt adviser.
Although analysts believe Ford’s UK operations is safe due to a restructuring programme that started in 2001, there is speculation that the company’s Premier Automotive Group – which includes Jaguar, Aston Martin and Land Rover – may be sold after losing $162 million in the second quarter of 2006.
If personal debt becomes unmanageable, there are new and innovative ways of handling situations that traditionally involved the stigma of bankruptcy.
