Debt management weekly round-up

As the Bank of England leaves the interest rate at 0.5 per cent for the 16th consecutive month, let's take a look at what other debt stories have been in the news this week.

We've seen the vicious circle between debt and illness that people can get into this week. First we heard about a report from Macmillan Cancer Support, which revealed that nearly half (43 per cent) of the people who contact them for help need financial aid with their heating.

Then yesterday, AXA revealed that the number of people suffering from money sickness syndrome has doubled since 2006, although only 3 per cent of people are getting debt advice. Kevin Still, director of Atlantic Financial Management calls this figure "a concern".

In other news, we've heard about HMRC reducing the availability of their tax advice, whilst a third of older people who release equity from their home are doing so to pay off debt, according to Age UK.

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 ...