According to the price comparison website MoneySupermarket.com, the cost of Christmas this year could leave many families struggling with debt problems for years to come.
There are many things to buy at Christmas, from decorations and presents to festive food and drink, and many families may find their income will not stretch far enough. This [...]
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Christmas debt problems could last until 2023
Bankrupt UB40 stars had £750,000 in debt problems
Four of the members of the famous reggae group UB40, all of whom went through bankruptcy proceedings recently, have debt problems totalling £750,000.
Drummer Jimmy Brown, saxophonist Brian Travers, percussionist Norman Hassan and trumpet player Terence Oswald were all forced into bankruptcy last month at Birmingham County Court, despite the fact that they sold more than [...]
Couple involved in £28k benefits scam due to debt problems
A couple have appeared before a magistrate’s court accused of claiming more than £28,000 in unemployment benefits despite the fact they were working.
Christine and Lee Martin, from Haverhill in Suffolk, blamed their mounting debt problems as the reason why they decided to commit benefit fraud. Both Christine, 33, and Lee, 37, admitted numerous charges [...]
Oldham man caught running a company despite bankruptcy ban
A businessman from Oldham in Greater Manchester has been caught running a firm with his son despite being banned from doing so in a long-standing bankruptcy order.
William Fox, 56, went through bankruptcy proceedings many years ago, in 1994. However, at the time, the Stalybridge businessman failed to provide the official receiver with the required information. [...]
Debt Management Provider of the Year – Finalist
We are proud to announce that MoneyPlus Group has been shortlisted for ‘Debt Management Provider of the Year‘ at the Insolvency & Rescue Awards 2011.
The awards recognise the achievement of UK firms in the IVA and Debt Management field, and MoneyPlus Group has reached the final four.
The award ceremony will be held on the 5th [...]
MoneyPlus Group joins forces with HomeLoan Partnership
One of the UK’s biggest debt management companies, MoneyPlus Group, has joined forces with leading mortgage advice network HomeLoan Partnership, in a deal that will provide their brokers across the UK with access to comprehensive, regulated debt management solutions.
Through adding MoneyPlus Group’s debt solutions to an established financial services portfolio, the network’s member firms are [...]
MoneyPlus Group welcomes OFT’s consultation to raise standards across debt management industry
MoneyPlus Group welcomed the Office of Fair Trading’s (OFT) revised debt management guidance, which was published yesterday for consultation and aims to raise standards across the debt advice sector.
This guidance update follows the OFT’s recent review of compliance in the sector (which exposed unfair practices within the industry and highlighted areas that could be improved), [...]
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Fund launched by National Lottery to help debt management problems
A new £30 million fund has been launched by the National Lottery with the aim of helping people from poorer areas with their debt management.
The fund will work alongside the Improving Financial Confidence programme, focusing on helping families living in social housing to steer clear of potential debt problems and manage better their money.
Working with [...]
Home repossessions rise as UK adults struggle with mortgage debt problems
According to latest official figures, the number of home repossessions in the UK has risen dramatically this year as an increased number of households struggle with their mortgage debt problems.
Recent figures revealed that in the first three months of this year a total of 9,100 people were evicted from their homes – a significant increase [...]
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