http://www.debtsorter.co.uk/debt-blog Personal debt news, tips, and strategies Mon, 28 Apr 2008 16:34:22 +0000 http://backend.userland.com/rss092 en The Ministry of Justice has said that lenders are moving to secure credit card and loan debt agains houses. This is a further sign of the jitters that are affecting the lending industry as the credit crunch continues to bite. Banks are shoring up their lending positions, and are now ever ... http://www.debtsorter.co.uk/debt-blog/debt-news/lenders-to-get-tough-with-bad-debts/ British borrowers with credit card and loan debt will work an average of seventy days this year to repay interest on their borrowings, a report claims. Unbiased, an indedendent financial advisor website, claims that workers toil until March 10th to service the interest on unsecured borrowing. This is before any reduction in ... http://www.debtsorter.co.uk/debt-blog/debt-news/70-days-at-work-to-clear-interest/ According to a survey by the Financial Services Authority (FSA), almost a fifth of mortgage payers are worried about their ability to meet repayments in the next twelve months, and a quarter of these have no plans in place to deal with the situation. Although the survey was from a small ... http://www.debtsorter.co.uk/debt-blog/debt-news/mortgage-fears-prompt-fsa-campaign/ Last year in the UK, debt collection agencies and bailiffs chased 20 million cases of debt default. Many of these firms are using aggressive, yet legal, collection methods, and now there are calls for a clamp-down on collectors. Yet there are fears that collection agencies will be given even more power when ... http://www.debtsorter.co.uk/debt-blog/debt-news/boom-times-for-debt-collection-agencies/ A report out today suggests that parents are secretly saving to pay off  debts run up by their children while at university. Savings bank ING Direct, which published the report, says that many parents are keeping the savings a secret because they fear that if their offspring were aware of the safety ... http://www.debtsorter.co.uk/debt-blog/debt-news/parents-saddled-with-university-debt/ KPMG, one of the biggest accounting firms, is warning that more than 10 million people may default on credit repayments before the end of 2008. Millions of people may have to come to terms that their take-home pay is not enough to service repayments on mortgages, personal loans and credit cards According ... http://www.debtsorter.co.uk/debt-blog/debt-news/take-home-pay-not-enough/ Local councils appear to be taking a tough stance over council tax debt, and are petitioning for bankrupcies over debts of as little as £1200. It is thought that authorities are getting tough over arrears in order to meet govenment-set performance targets. Citizens Advice is claiming that councils are failing to seek negotiated ... http://www.debtsorter.co.uk/debt-blog/tax-debt/worry-over-council-tax-debt/ New figures released by the Citizens Advice Bureau (CAB) once again show the extent of Britain's personal debt problems, with the number of people seeking help rising by 20%. A total of 1.7m sought debt counselling in the last year, with the CAB themselves receiving 6,600 enquiries a day. While the ... http://www.debtsorter.co.uk/debt-blog/debt-news/debt-advice-figures-show-surge-in-problems/ The Council of Mortgage Lenders have reported a steep rise in the number of homes being repossessed, with an estimated 14,000 properties being seized in the first half of the year, up 30% from the same period last year. It's not all bad news apparently though, as the number of ... http://www.debtsorter.co.uk/debt-blog/mortgage-debt/repossessions-surge-upward/ The latest official figures show a rather unexpected fall in the number of people in England and Wales becoming insolvent. A shade under 27,000 people went into insolvency during April to June this year, and although the figure represents a 4.2% rise on the total for the same period last ... http://www.debtsorter.co.uk/debt-blog/insolvency/fall-in-insolvencies/