Older parents are plagued by rising debt levels

iStock_000020571826_ExtraSmallStepChange formally known as the Consumer Credit Counselling Service (CCCS) and a leading debt charity, has seen a rise in the number of people over 60, with dependent children, struggling financially. Four years ago, only 407 cases required StepChange’s assistance, however, in 2012, 627 people needed help; representing a 50% increase. The charity continued by saying that dependent children could be the most likely reason behind over 60’s struggling with debt. Debt levels The average debt of parents in their 60’s, with dependent children, was in ...

Housing & mortgage round up: House prices fall, or do they? Two surveys, two different answers

Housing & mortgage round upTwo house prices surveys and two different results, one saying prices are falling and the other that they are rising. Read on to find out more about this and also why many tenants are getting into arrears with their rent. Land Registry: House prices fell in April Figures released by the Land Registry show that house prices fell by 0.3% in April and by 1% over the past 12 months. According to the Land Registry house prices have ...

Debt advice sought by more women than men find charities

More women ask for debt advice than men. Women suffering through debt are more likely to ask for help than men. Debt advice is sought by more women than men, according to figures revealed by two debt specialist charities. Both Christians against Poverty (CAP) and the Consumer Credit Counselling Service (CCCS) found that a greater number of women had called them for assistance in 2010 than in previous years. However, men were found to have greater levels of debt than women with more males entering into bankruptcy or looking for official debt repayment agreements over the last ten years.