Baines & Ernst News

DRF welcomes Northern Rock announcement on interest freeze.

03/09/2010

The Debt Resolution Forum (DRF), one of the trade bodies for fee-charging debt solution companies, has welcomed the announcement from Northern Rock that, from September 1, they agree to freeze all ...

Banks write off record amount of bad debt.

02/09/2010

Figures from the Bank of England published this week show that the amount of money being written off by lenders hit a high in the second quarter of 2010.
The value of write-offs jumped to &p...

70% of people don’t tell their lenders about their financial problems.

01/09/2010

A new survey from Callcredit Information Group shows that 70% of people who have suffered financial pressures in the past two years have never spoken to their bank or building society about their d...


Growth in use of pawnbrokers to pay for summer holiday.	31/08/2010
County Court Judgments down by 23%.	24/08/2010
30% of households report drop in income.	23/08/2010
1.2m people used payday lenders.	19/08/2010
Families to lose £13bn in benefits.	18/08/2010
Secured loan repossessions halved.	13/08/2010
Mortgage repossessions decline in 2nd quarter of 2010.	12/08/2010
18% of adults in Wales have debt problems	10/08/2010
Insolvencies rise by 5%.	06/08/2010
Lenders write off £23m a day in bad debts.	29/07/2010
Scottish bankruptcies rise	27/07/2010
Parents under estimate student debts	23/07/2010
Seek professional advice about debts urge Insolvency Practioners.	18/06/2010
Desperate times push nearly 70,000 towards loan sharks.	16/06/2010
VAT rise could cost households £425 a year.	14/06/2010
Debts likely to cause more depression and psychological problems	09/06/2010
Consumer Credit lending falls 5% in 12 months.	04/06/2010
Authorised Overdraft rates reach 10 year high	01/06/2010
Nearly 5 Million people use Credit Cards To Pay Bills	28/05/2010
Government to ban excessive interest rates on credit and store cards.	26/05/2010

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