What Harrington Brooks is doing for its Wonga Customers
Wonga wrote off £220m of debts for 330,000 customers earlier this month after it was found to be using insufficient lending checks on borrowers. We have begun to identify which customers are affected and over the next few weeks we will have communicated with all customers who have a Wonga loan on their plan with… Continue reading..
Problem Debt Costing the UK £ 8.3 Billion
A new report from charity, StepChange, was released this morning on the issues of ‘problem debt,’ stating it costs the UK £8.3 billion. The Social Costs of Problem Debt £89 million due to worse education and employment outcomes for young people. £19 million due to poorer physical health. £5 million due to increased ‘desperation’ crime…. Continue reading..
Raised in Debt: Children Suffering As Result of Decadent Debt Culture
With almost 1.4 million UK families in problem debt, a new report reveals the devastating impact debt can have on children, calling for urgent action to ensure families get the support they need to better protect children from debt-related harm. The Debt Trap, the recent report from Children’s Society and the debt charity, Step Change,… Continue reading..
Complaints and Customer Satisfaction – How do Harrington Brooks compare?
Customers made 2.5 million complaints against financial companies in the second half of 2013, with the biggest banks receiving thousands of calls and emails a day from disgruntled consumers. At Harrington Brooks the level of redress was 0.0023% of turnover. This compares favourably to most companies that typically have rates of 7% to 8%. As… Continue reading..
Some Advantages and Disadvantages of Debt Management Plans
Are you thinking about ways to solve your financial problems? What you may need is a Debt Management Plan (DMP). Let us take a look at the advantages and disadvantages of a Debt Management Plan. A typical Debt Management Plan allows you to consolidate all unsecured debts into a single and more affordable monthly repayment…. Continue reading..
So what’s so good about debt management plans?
Debt management plans seem to be a popular choice for cash strapped individuals needing a way out of their financial slump. But how does a debt management plan work and how can it benefit you? A debt management plan is relatively easy to put in place. You work out how much you can afford a… Continue reading..
How debt management companies help you
It may feel as though you can’t do much when a situation gets out of control. You can, however, wrestle the wheel back into your own hands. But this takes some time, effort and skill. Perhaps you’re not good at that so you prefer getting someone to help you. This is why debt management companies… Continue reading..
Finding the right debt management company for you
Struggling with debt? Falling behind on your payments? Maybe it’s time to consider a debt management programme. Finding the right debt management company could help you solve your debt problems and save you from running into future debt and bankruptcy problems. What does a debt management programme do? A good debt management programme can help… Continue reading..
Debt Management Worries for the over 50s
Although debt worries are hitting every age group, those who are 50 and over are in the highest debt risk bracket, coupled with the fact that they are closer to retirement, it is essential that they seek debt advice. The average 50-60 year old takes longer to pay off their debts and owes more, according… Continue reading..
3 Key Debt Management Benefits
A Debt Management Plan is specially designed for those who are unable to meet their unsecured debt repayments. A debt management plan allows you to make a reduced monthly repayment to your unsecured lenders or creditors. The monthly repayment will be tailored to your unique circumstances, dependant on the amount you can afford after your… Continue reading..
UK Credit Card Debt Management
UK Credit card debt management is a problem for 4.8million people who have experienced increases in the amount of money they owe to their credit card debt, according to Tesco Compare. The outstanding credit card debt balance has increased by an average of £412, meaning that more people are worried about getting their UK credit… Continue reading..
Repay Debt with a Debt Management Plan
It is possible to repay debt with a debt management plan and become debt free. A debt management plan is designed for individuals who are struggling to manage multiple debts and find themselves falling behind on repayments. A debt management plan can combine all of your existing debts into one lower monthly payment, this should… Continue reading..
Sex and Debt Advice
Recent statistics have shown that the number of men who are currently seeking debt advice has increased by over 50%. So, does this point to better money management amongst the fairer sex? Have men been hit hardest by the credit crunch? The number of men seeking debt help has undergone a marked increase over the… Continue reading..
Become Debt Free
If you are feeling stressed because of the amount of debt that you owe then you might think that it is impossible for you to become debt free – But we can help. One Advice are able to offer a number of debt solutions to suit your circumstances so you can look forward to a… Continue reading..
Debt Comes to Disneyland
Disneyland may be touted as the “happiest place on earth” and there’s certainly no denying that it’s a favourite holiday spot for a lot of UK families but thanks to the recession, visitor numbers to the European branch have been tumbling. In fact, for the first time, EuroDisney looks set for a covenant breach on… Continue reading..
Budget £600,000 for your Retirement
A recent article in the Telegraph outlined figures suggesting that the average pensioner will need a retirement fund in excess of twice the current state pension if they are to afford the basic, everyday expense of food, clothes and fuel. Compared to five years ago, the average pensioner’s annual expenditure is a third more than… Continue reading..
Is Debt Management the Right Debt Solution?
Knowing if debt management is the right debt solution for you can be tricky. The right debt solution for you can be dependant on a number of different factors, such as your income, outgoings and level of unsecured debt. If you are looking to reduce your monthly outgoings and simplify your finances, a debt management… Continue reading..
Should Banks Offer Accounts That Can’t Be Overdrawn?
The Office of Fair Trading (OFT) has come out with a recommendation that Banks should begin to offer current accounts that give their customers the option to opt out of an overdraft facility, rather than having one as standard. It considers this to be an important factor in many individual’s slide into debt. Rather than… Continue reading..
So, What Do You Owe?
The sad fact is that there are a lot of people in the UK that don’t actually know the total amount of debt that they are facing and the hard fact of their growing debt problem can make for a shocking revelation. Having a clear understanding of how much you owe is integral to tackling… Continue reading..
Applying for Debt Management Online
Let’s face it, the internet rules our lives. From researching, shopping, and even banking, many people are finding the internet more and more useful. So why not use the internet to try and solve your financial problems? Debt management companies have seen a growth in individuals wanting to explore the options of debt consolidation loans…. Continue reading..
Credit Card Holders Punished
Since the start of 2010, average credit card rates have hit a 12-year high. Strange, you might be thinking, since we’ve been enjoying the bank’s emergency rate of interest being set at 0.5%. Well, that just highlights that it isn’t all rates that have been on the increase. Essential, lenders have been targeting specific groups… Continue reading..