The number of Brits seeking debt advice for major debt problems raced to an all time high during 2006.
One free debt advice company calculated that a fifth of calls were related to cries for help regarding debt and over 6,000 calls were taken per day.
If you're serious about getting rid of your debt, you have to get serious about getting rid of expenses that are doing you more harm than good. If you've already looked at your budget and cant figure out why your finances are still heading toward an IVA despite the fact you've curved your expenses - it's time to quit smoking.
Are debt and drinking connected? Whilst reading articles connected to Alcoholics Anonymous, a pattern formed which showed how the compulsive behaviour of a drinker is similar to that of someone in debt.
If debt has forced that dreaded red letter from a gas or electricity company to fall through your letterbox, you could expect a disconnection notice shortly afterwards.
Nearly 2.5 million households are in debt to their energy supplier at an average sum of £150.
A recent survey had Britons listing health problems and their sex lives as preferable topics of conversation over money, debt management and finances.
Thousands of women are choosing an Individual Voluntary Arrangement (IVA) over bankruptcy because of its stigma, a study has shown.
The study has managed to highlight the gender gap when it comes to insolvency. Despite many women being recommended bankruptcy by debt advisors, it would appear they would prefer to lodge an IVA instead.
Studies show that consumers benefit more from receiving debt advice than from being given money to help them through tough financial times.
It is said that over 45% of Britons are prepared to give money to family and friends who need help, but perhaps telling the person about debt solutions like an IVA, would be more beneficial.
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Advice on remaining debt free
