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Personal Debt News Archive
29-Jun-2007
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'Personal debt hits 10-year high (Independent)The average British family now spends more of its household income on servicing debts than at any time over the past 10 years. Figures published today by the Liberal Democrats show that the average household now spends 9 per cent of its income on interest charges, a fifth more than in 1997.
'Debt Free Direct hits reduced target (ShareCast)LONDON (SHARECAST) - Personal debt consultant Debt Free Direct hit its reduced targets for this year with profits nearly doubling, though it was cagey on how many IVA cases it is handling at present.
'Ticking time bomb of debt in Wales (NewsWales)Households are paying more of their income servicing their debts than at any point in the last decade, the Welsh Liberal Democrats said today. Personal debt as a proportion of income has risen from 105% in 1997 to 164% last year - the highest ever recorded and the highest in the developed world.
'Scottish debt solution firm Invocas 'guilty by association' with England (The Scotsman: Business)INVOCAS, Scotland's largest personal debt solution provider, said its shares had been found "guilty by association" with English counterparts.
'Summer Floods Highlight Insurance Crisis (PRWeb)The Association of British Insurers published a report on June 13, 2007 called 'Insuring Older People' in which it acknowledged that the opportunities (for insurers) created by the rising personal spending power of older people are balanced by significant challenges. The report also notes that some insurers "may not be able to offer cover if they lack the necessary underwriting expertise to serve ...
'Summer Floods Highlight Insurance Crisis (PRWeb via Yahoo! News) The Association of British Insurers published a report on June 13, 2007 called 'Insuring Older People' in which it acknowledged that the opportunities (for insurers) created by the rising personal spending power of older people are balanced by significant challenges.
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