Debt management weekly roundup

It's been an ominous week in the world of debt management, with several commentators predicting interest rate rises on the horizon.

A report from the think tank Policy Exchange warned that interest rates would have to rise as high as 8 per cent by 2012 in order to keep inflation under control.

That could be disastrous for people coping with debt problems, because interest rates today are so historically low.

At the same time, there is evidence that credit card companies are starting to offer more tempting short term offers.

Interest-free periods are rising, but other research has suggested that many people's spending habits are unlikely to change even when the true interest rate kicks in – again putting them at risk of falling into debt.

Also this week, the Pensions Policy Institute has called for the state pension age to rise to 72; a step which could see many older people who are unable to remain in work until then fall into unmanageable levels of debt.

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 ...