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Latest news
Insolvencies: some groups worse off than others
Credit reference agency Experian has looked into the recent insolvency figures and 'broken them down' by group, showing us which parts of society have been more - or less - likely to enter insolvency as a result of their debt problems. Insolvencynews.com reports .
The agency found that those who've 'created comfortable lifestyles on council estates' are statistically most likely to have entered insolvency in the second quarter of this year (April - June).
Under-50s 'taking on more debt and saving less'
The insurance and asset management group AXA has released the latest quarterly results of its "Big Money Index", a survey of eight demographic groups and their attitudes to money. It indicates that fewer people were paying off debts or saving than in the previous quarter.
There was 'a slight rise in confidence in the economy' among those under 50 - particularly 'Young Professionals' (mid 20s and 30s, no dependents, average income, likely to be taking out a first mortgage, low disposable income).
Wary of debt, we're holidaying at home this year
This year, a 'debt-conscious' third of Britons are determined to cut back on the cost of their holidays. So says insolvency trade body R3, whose recent poll indicates that six out of ten of those people are choosing to holiday here in the UK .
Fully 71% of the ones who are going abroad are staying in lower-cost accommodation this year, while two thirds are limiting what they're spending on travel - and three in five are being more careful about the cost of activities and meals out while they're away.
Latest news
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IVAs outnumber bankruptcies - again
For just the second time in history, the number of people entering an IVA (Individual Voluntary Arrangement) in England and Wales has actually surpassed the number of people entering bankruptcy. ... -
IVAs and bankruptcy: what's the difference?
The Telegraph features a report comparing IVAs (Individual Voluntary Arrangements) and bankruptcies. Both of these debt solutions are a form of insolvency. However, IVAs were introduced as an ... -
Latest debt figures - what's changing?
We've just seen the latest 'lending to individuals' figures from the Bank of England , showing us how the personal debt situation in the UK changed in June. ...
