Debt management weekly round-up

Ofgem has announced that it will look into how four big energy firms go about recruiting new clients.

It's feared that their methods could leave customers needing debt help.

This comes after EDF Energy announced that they were increasing their tariffs, which could lead even more into debt misery.

Meanwhile, kitting children out for the new school year is providing a debt headache for many parents, with LV= reporting that a quarter (27 per cent) will need to cut back on their children's activities.

And people with debt worries aren't telling their banks.

Callcredit has revealed that seven in ten (69 per cent) of people with financial problems bury their heads in the sand, whilst only 8 per cent sought help from a debt management company.

These issues affect the whole country, but research from Datamonitor this week has shown that the number of people needing debt management in the south has risen much more quickly in the south than in the north.

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 ...