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Banks turn 80% more customers on to debt advice

It would seem that lending restrictions have become so tight that in the first month of this year, the number of customers turned away by banks and instead referred to debt advice groups soared by …

1 in 12 missing mortgage payments

There has been a marked increase in the number of homeowners missing a mortgage payment in the last year, latest research has revealed.
In the final six months of 2008, 902,000 homeowners missed a mortgage payment, …

The debt merry-go-round is breaking

The debt management advice service, PayPlan, has revealed that last week saw a record number of people seeking debt advice as other refinancing options dry up and the “debt merry-go-round” comes to a juddering halt.
The …