Debt management weekly roundup

This week we've had the risk of debt problems coming from various sources, some goods news on consumers, and some advice on how to keep your finances under control.

Tenants throughout Britain struggling with debt problems may also be having difficulties in paying rent.

The latest survey by the Association of Residential Lettings Agents (ARLA), as many as 40 per cent of its members claim more tenants are getting into arrears.

With many of the members having a mortgage to fund the rental property - there is a double threat of debt problems.

The finance of private tenants continued to deteriorate in December 2010, according to property firm LSL.

The firm says nearly 12 per cent of all rent is unpaid or paid late.

The Council of Mortgage Lenders also reports mortgage advances of £11 billion in December were 18 per cent lower than last year.

New inflation figures of 4.8 per cent in the retail prices index and 3.7 per cent consumer prices index, show the cost of living is increasing more than twice as fast as wages.

Debt expert Kevin Still commented; "There is a serious for indebted consumers that interest rates will rise if inflation remains high, which combined with soaring fuel, insurance and energy costs can tip the balance into an unmanageable debt situation".

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 ...