Debt Management Weekly Round Up

There have been lots of big developments this week for people needing help with debt or struggling to take control of their finances. Here are some of the top stories.

New research from moneysupermarket.com found that fewer people were permanently overdrawn in 2009 than in 2008 – but the comparison site warned that rising inflation could see this group finding their personal debt harder to cope with.

The cost of childcare is rising too, according to insurer LV=, making it more important than ever for families to get their Debt Management Plans in order.

Despite the failure of the unfair bank charges case late last year, Moneysavingexpert.com is urging who are still angry with their banks not to give up hope. The Financial Ombudsman Service offers a free and relatively successful way of getting bank charges back for people in financial hardship.

But for people facing insolvency and bankruptcy things look to be getting harder. The government has announced that the costs of declaring bankruptcy or winding up a company are due to go up in May.

And we saw the Financial Ombudsman Service in the news again at the end of the week – releasing figures that show Lloyds TSB and Bank of Scotland to be the most complained-about of the high street banking names.

Debt management weekly roundup

11/03/2011

The theme of the news in the realm of debt management this week, seems to be about how people with d ...

Debt management weekly roundup

04/03/2011

The big news in the field of personal finance and debt management this week has been the European Co ...

Debt management weekly roundup

25/02/2011

It appears debt problems could well be made worse by Brits underestimating the cost of life's big ev ...

Debt management weekly roundup

18/02/2011

Debt problems are still rife in the UK in 2011, despite the recession officially ending several mont ...