Elderly Struggle With Cost Of Living

Elderly Struggle With Cost Of Living

According to Age UK 47% of pensioners say they are “just getting by” financially. In the recent study, 11% of people said they were finding it difficult or “really struggling” to cope.

The study involved face to face questions with 1,258 people. Worryingly, 19% suggested they would cut back on heating this winter in order to manage their money.

These figures are concerning as it shows a rapid decline in the ability of the elderly to cope just as the baby boomers are becoming pensioners.

 

Debt Support Trust is a registered charity SC041902 which provides the following debt solutions

Benefits Advice

General Debt Advice

Individual Voluntary Agreement (IVA)

Protected Trust Deed

Refinance

Bankruptcy

Sequestration

Debt Management Plan

Thursday, April 14,2011
Debt Support Trust
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UK Unemployment Rate Falls To 7.8%

UK Unemployment Rate Falls To 7.8%

According to the Office For National Statistics, the unemployment rate fell in the three months to February 2011, however the unemployment situation worsened by 0.2% for 16-24 yr olds on the quarter.

2.48 million of the economically active population are unemployed in the UK, which is down 17,000.

The increase in employment is believed to be due to an upturn in the number of people entering full time employment, which rose by 140,000 to reach a total of 21.30 million on the quarter.

 

Debt Support Trust is a registered charity SC041902 which provides the following debt solutions

Benefits Advice

General Debt Advice

Individual Voluntary Agreement (IVA)

Protected Trust Deed

Refinance

Bankruptcy

Sequestration

Debt Management Plan

Wednesday, April 13,2011
Debt Support Trust
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Retail Sales At Record Low

Retail Sales At Record Low

According to the British Retail Consortium (BRC), March 2011 was the worst month for high street spending since record began in 1996.

The BRC statistics have shown a drop of 1.9% in sales compared with a year ago. The only sector which has shown growth was internet sales which was up 7.5% on last year.

The BRC said, “uncomfortably high inflation and low wage growth have produced the first year-on-year fall in disposable incomes for 30 years”.

 

Debt Support Trust is a registered charity SC041902 which provides the following debt solutions

Benefits Advice

General Debt Advice

Individual Voluntary Agreement (IVA)

Protected Trust Deed

Refinance

Bankruptcy

Sequestration

Debt Management Plan

Wednesday, April 13,2011
Debt Support Trust
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Harassment Letter On Debt Support Trust

Harassment Letter by phone

We’re often asked if people in debt are able to stop creditors contacting them. Regulations from the Office of Fair Trading put strict rules on companies when dealing with people in debt. If you feel you are being harassed by your creditors then you can ask them to only contact you in writing.

An example harassment letter can be downloaded here.

If you have the latest version of Microsoft Word then you may wish to download this harassment letter instead.

 

Debt Support Trust is a registered charity SC041902 which provides the following debt solutions

Benefits Advice

General Debt Advice

Individual Voluntary Agreement (IVA)

Protected Trust Deed

Refinance

Bankruptcy

Sequestration

Debt Management Plan

Wednesday, April 13,2011
Debt Support Trust
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UK Inflation Falls To 4%

UK Inflation Falls To 4%

According to the consumer price index (cpi) the UK inflation rate fell in March to 4% from 4.4% in February.

It is believed that food and drink (Non-alcoholic) is a large reason for the drop as the prices fell at a record rate.

The Retail Prices Index (RPI) inflation which includes mortgage interest payments also fell to 5.3% in March from 5.5% in February.

 

Debt Support Trust is a registered charity SC041902 which provides the following debt solutions

Benefits Advice

General Debt Advice

Individual Voluntary Agreement (IVA)

Protected Trust Deed

Refinance

Bankruptcy

Sequestration

Debt Management Plan

Tuesday, April 12,2011
Debt Support Trust
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Loan Website’s Shutdown By OFT

Nineteen websites have been shutdown by the Office of Fair Trading (OFT) because they were found to target vulnerable people to gain their personal information and sell it on.

David Fisher, OFT director of consumer credit, said “Websites like the ones we have shut down target vulnerable people and those who may not have easy access to credit.”

The nineteen sites which were shut down are;

  1. www.samedayloansforpeopleonbenefits.co.uk
  2. www.loansfordisabledpeople.co.uk
  3. www.urgentloansbadcredit.co.uk
  4. www.cashtoday.me.uk
  5. www.cashpayday.me.uk
  6. www.debitcardinstantloans.co.uk
  7. www.cashloansunsecured.co.uk
  8. www.loansforpeoplewithbadcredit.me.uk
  9. www.samedayquickloans.co.uk
  10. www.loansfordisabled.co.uk
  11. www.unsecuredloansforpeopleonbenefits.co.uk
  12. www.loansforpeopleondisability.co.uk
  13. www.refusedaloan.org.uk
  14. www.paydayinstallmentloans.co.uk
  15. www.nofaxcashloans.org.uk
  16. www.nofaxpaydayloan.me.uk
  17. www.lowww.militaryloans.org.uk
  18. www.loansfortheunemployed.org.uk
  19. www.cashloansforpeopleonbenefits.org.uk

 

Debt Support Trust is a registered charity SC041902 which provides the following debt solutions

Benefits Advice

General Debt Advice

Individual Voluntary Agreement (IVA)

Protected Trust Deed

Refinance

Bankruptcy

Sequestration

Debt Management Plan

 

 

If you need debt advice our qualified debt advisors are on hand to help.

Monday, April 11,2011
Debt Support Trust
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Debt Support Trust Review Centre

Debt Support Trust Review Centre

We’re always interested to find out what people think about our service. You can tell us what you think privately by emailing contact@debtsupporttrust.org.uk.

Alternatively, you can review our charity and service on reviewcentre.com. We would welcome your feedback about our customer service, processes and anything which may improve our ability to offer debt help.

There is a number of different websites which allow you to review a company / charities service, including Review Centre.

 

Debt Support Trust is a registered charity SC041902 which provides the following debt solutions

Benefits Advice

General Debt Advice

Individual Voluntary Agreement (IVA)

Protected Trust Deed

Refinance

Bankruptcy

Sequestration

Debt Management Plan

Monday, April 11,2011
Debt Support Trust
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New Debt Glossary On Debt Support Trust

New Debt Glossary Available On Debt Support Trust

A new debt glossary is available on Debt Support Trust which can help people to understand some of the jargon used in the debt industry.

Feedback from people in debt suggests they struggle to understand the terminology used by companies within the credit and debt industry.

The new glossary can help to eliminate confusion and provide a clear understanding of the words used by many within the debt industry.

 

Debt Support Trust is a registered charity SC041902  which provides the following debt solutions

Benefits Advice

General Debt Advice

Individual Voluntary Agreement (IVA)

Protected Trust Deed

Refinance

Bankruptcy

Sequestration

Debt Management Plan

Thursday, April 07,2011
Debt Support Trust
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Energy Savings Being Missed

Energy Savings Being Missed

According to the energy watchdog Ofgem, many people are missing out on saving as much as £170 per year by now shopping around.

Ofgem have launched a new online best energy campaign which helps people find the right deal for them. The service which has been running since 2008 has helped 60,000 people save money.

The service is only available in England and Wales but Scotland has it’s own version which is called consumer focus.

 

Debt Support Trust is a registered charity SC041902  which provides the following debt solutions

Benefits Advice

General Debt Advice

Individual Voluntary Agreement (IVA)

Protected Trust Deed

Refinance

Bankruptcy

Sequestration

Debt Management Plan

Thursday, April 07,2011
Debt Support Trust
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New Debt Solutions Live On Debt Support Trust

New Debt Information On Debt Support Trust

After listening to feedback from local councils and housing associations we have updated our website to include more information about the routes into bankruptcy and sequestration.

The simplified routes into Bankruptcy and Sequestration include MAP (Minimal Asset Process), DRO (Debt Relief Order) and Certificate Of Sequestration.

We have added these new debt solution pages to help anybody looking who is looking for more specific information about a MAP, DRO and Certificate of Sequestration.

 

Debt Support Trust is a registered charity SC041902  which provides the following debt solutions

Benefits Advice

General Debt Advice

Individual Voluntary Agreement (IVA)

Protected Trust Deed

Refinance

Bankruptcy

Sequestration

Debt Management Plan

Thursday, April 07,2011
Debt Support Trust
read more