Myvesta UK, the Financial Crisis Centre has now launched a new online video resource for Scottish consumers and debt advisor. The Protected Trust Deed video series answers many of the more common questions asked about Protected Trust Deeds in video format an features Maureen Leslie, a Senior scottish Insolvency Practitioner. The video clips can be [...]

Adaptations to the Banking Code could give extra security to consumers borrowing from banks, building societies and credit card companies, according to the Banking Code Standards Board (BCSB). New guidance on the code covers consolidation loans, joint income borrowing and a general addition of consumer information on the borrowing process. Subscribers have been [...]

"Not all debt management organisations, be they charitable or commercial, offer the same level or range of services. Most will not actually intervene on behalf of consumers with secured or priority debts such as mortgages or utility bills. Indeed, the majority of 'debt help' organisations simply don't offer a debt management service that will include [...]

 
New rules introduced on Saturday will encourage lenders to ensure that money given to customers for consolidation purposes will be used to clear existing debts.
 
At the same time banks should make sure that if two people's incomes are used to access the affordability of a loan, the loan should then be made [...]

The Scottish National Party (SNP) has launched a scathing attack on high street banks, calling them "legal loan sharks". The SNP claims banks are targeting the poor by setting up secondary firms and offering loans at increased interest rates, reports website icScotland. In a report released by the party's justice spokesman, the SNP say the [...]

In total, there were 67,580 bankruptcies filed in 2005 but those in the debt advice industry are warning that as many as 100,000 people could go bankrupt in 2006.
The Bankruptcy Report, therefore, has been produced to help people with serious debts to understand the details and processes involved in bankruptcy and, above all, avoid bankruptcy [...]

The bank says it is the first in the UK to do this, in response to discontent among customers who think banks take too long to clear cheques.
But it is not giving customers instant access to the money being deposited.
The Office of Fair Trading will publish a report this summer into ways the [...]

The following petition deposits came into force from 1 April 2006:
Bankruptcy debtor's petition = £325 Bankruptcy creditor's petition = £390 Company petition = £655
Read more at: http://myvesta.org.uk/blog/2006/04/new-bankruptcy-petition-fees-take.html.

 It claims two million elderly and disabled people in England now spend at least £1 out of every £10 on energy - making them "fuel poor". That's DOUBLE the number three years ago and follows a whopping £350 hike in average gas and electricity bills since 2003. The Fuel Poverty Action Group is urging the [...]