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Shocking UK debt figures have highlighted the human impact the recession has had on members of the public, with renewed calls for extra help from the jobless and those in serious debt.
More legal test cases at the end of this month will decide whether the paying back of millions of pounds worth of debt is still enforceable. The High Court in Manchester will spend five days hearing 12 separate cases to help determine a variety of legal issues under the Consumer Credit Act.
Millions of people in the UK have suffered debt problems during the past few years, and everywhere they turn there are adverts for payday loans and ´quick, easy cash and credit.´
Poverty has been rising since 2004, and is now at the same level as it was at the start of the decade. A report states that unemployment and house repossession became more acute before the recession started, and long-term solutions were needed to reverse the poverty trend.
The amount of disposable income per householder has dropped sharply over the past few years, but low interest rates have saved many people from serious debt problems.
Student debt is forcing thousands of students in the UK to keep living at home, long after they have completed their courses. Rising unemployment and unaffordable house prices has created a generation of ´stay at home´ students.
Price comparison sites had never been heard of ten years ago, but they are now worth billions of pounds a year. Whether you want to compare prices from energy providers, buy an electronic gadget or compare house insurance, you can use a price comparison site.
