Atlantic Financial Management

SITEMAP

Debt Management Weekly Round Up

19/02/2010

We've seen another week full of news affecting those with debt problems – and here are the stories that have made the headlines in the past seven days.

New Tory figures have revealed that people suffering serious debt problems in the UK could be even larger than thought.

The Conservative party has claimed that, under a Labour government, around 800,000 people have been declared insolvent.

It's also been a turbulent time for homeowners with nearly two-thirds of UK homeowners revealing they will commit to debt management so they can be mortgage-free by 50. That's according to Co-operative Bank Mortgages.

But those looking to either get on or move up the property ladder have been dealt a blow, as it was revealed that asking prices for houses increased by 3.2 per cent in the four weeks to February 6, according to property site Rightmove.

Although the jump is a hit to homebuyers, the figures could mean an economic recovery as Rightmove says "a price jump of over 3 per cent is comparable to the pre-credit crunch boom-times."

We also saw the Better Banking Campaign stick up for people excluded from using banks. Following the Treasury's figures that 1.75m people don't have a basic bank account, banks are being urged to up their services to the millions of people who can't access them. ADNFCR-2613-ID-19625819-ADNFCR