The number of families seeking debt advice is on the rise, according to the latest research. Figures from Clearstart show that a growing number of families with children are struggling to cope with rising financial pressures on households. The cost of living is spiralling and since the depths of recession in 2008, many households have

UK families are living on the brink of poverty as the nation struggles to pay for basic essentials, despite cutting back – they still need a massive £25,000 to make ends meet. Families are spending almost £40 less than before the credit crunch, and to make matters worse some of them cannot afford a Christmas

”You may not realise it when it happens, but a kick in the teeth may be the best thing in the world for you”.  These wise words were spoken by Walt Disney, one of the biggest names that ever lived, renowned for his genius and the power of his dreams. What many people do not

A 12-year-old boy spent up to £900 on the Facebook game Farmville last year. This is a stark, if slightly unusual, reminder of the financial dangers of online gaming, which could lead to serious debt problems. Racking up hundreds of pounds on his mother’s credit card, the youngster spent £625 on virtual coins in the

Unemployment has reached a 17-year high and now stands at 2.62 million.  Unemployment rose by a staggering 129,000 between July and September, according to the latest office figures. The Office for National Statistics (ONS) revealed that the unemployment rate increased by 8.3%, rising at the fastest quarterly rate since April to June 1996. The current

Tonight’s annual TV appeal for Children in Need will no doubt top last year’s donation amount of £18 million. So far, the charity has raised over £600 million since its first broadcast on Christmas Day in 1927. The show alone took in an exact total of £18,098,119. Almost every year the charity manages to top

The number of property repossessions has increased in the three months up to September, the Council of Mortgage Lenders (CML) found. The figure has risen slightly from the second quarter, with 9,200 properties being taken into possession by mortgage lenders compared to 9,100 for the previous quarter. The number of repossessions in the three months

Christmas is typically an expensive time of year as the price of food, consumer goods and travel seasonally adjusts. Many could face a new year of debt by overspending during Christmas. However, you can avoid  travel debt by booking your train ticket in advance. Rail passengers could save up to £50 on their Christmas ticket

The UK could soon face another recession if debt issues within the Eurozone are not resolved soon, experts wan. The National Institute of Economic and Social Research (NIEST) has released figures predicting that there is a 70% chance the UK will experience another recession.  If swift action is not taken against the Eurozone the expectations

The number of personal insolvencies has fallen in the third quarter of 2011, however, figures still remain at a record high, according to official figures. The Insolvency Service revealed that personal insolvencies across England and Wales fell  to 30,219, from 30,513 in the three months to June. The latest round of insolvency figures illustrates the