Articles Tagged With: Credit Crunch

Consumers should be getting the most out of savings rather than speculating on short-term capital gains, it has been claimed. Independent pensions expert Stewart Ritchie was commenting after an Aegon study

The whole concept of debt advice in Tunbridge Wells may be an anathema to many people: Debt advice, Tunbridge Wells? No, there is no need for that! After all, Tunbridge Wells has long been associated with being part of Middle England, not fabulously wealthy, but comfortably off. It has also enjoyed a real reputation for being very solidly middle class. The concept of Mrs Disgusted of Tunbridge Wells who would always write in to TV stations after something mildly risqu had been shown on TV is still etched in many peoples minds.

Many people associate Torquay with the good times, after all it is part Of the English Riviera, so where better place to go to and relax, have a good time and enjoy the most of the English sunshine. But for many people who live in Torquay, life can be a little tough. Although there are a lot of jobs around in the form of holiday related jobs, these are traditionally not very well paid and people can often struggle to get on the property ladder: and that was before the credit crunch!

Frome is a picture postcard little market town in Somerset. With a long history, vibrant atmosphere, relatively affluent population of less than 30,000 and a good tourism industry, you may well think that Frome is completely oblivious to any problems of the 21st Century.

Many people are simply unaware that the Government does indeed provide debt advice to people who have got themselves into difficulty and need debt advice, to be able to sort out their finances and get back on track.

Many people wrongly think that debt advice is something that only exists in England and that there is little available for people who live in Scotland or other parts of the UK. However, this is simply not true, there are lots of Government and state funded agencies that exist in Scotland to help provide debt advice to people from all walks of life and all geographical locations in Scotland.

London has been hard hit by the recession, with jobs disappearing, businesses being taken over and people are generally finding that life is not as it once was. Sometimes people lose their job very quickly, going into work one day only to find out that their company has gone bankrupt or hearing one week that the company is fine, only for it to go belly up the next week. So it is little wonder that so many people have found themselves in debt.

If you live in the South West of England, then you may well feel that there is little available in terms of debt advice, since towns and cities tend to have more problems with debt. However, this could hardly be further from the truth. In the South West of the UK there is a great deal of debt/dispute advice available, free of charge!

Debt is not the preserve of the English. Scotland has also been badly hit by the economic downturn that has happened over recent years and as a result debt levels are rising almost on a daily basis. Debt management in Scotland has been an issue for many years though, almost since the start of the last Century.

Despite the fact that Shropshire is largely a rural county, affluent for centuries on the grounds of farming, like anywhere else, Shropshire has indeed been hit by the credit crunch and recession. Debt management services in Shropshire are wide ranging but all have the central goal of helping people to access a debt management service that will assist and ease the strain of being in debt.

Leeds is in the heart of Yorkshire and Yorkshire people often have a reputation as being careful with money. Historically, people from Yorkshire were seen as prudent, careful, not profligate with money and then of course, the credit crunch came and even the most careful and prudent Yorkshire people found that their savings had all but disappeared, that life was much tougher than it had been, all at a time when businesses were going bankrupt and small businesses were suffering from other companies not paying their bills.

As a vibrant city, full of sleek, chic buildings and home to Harvey Nichols and Selfridges it is easy to think of Manchester as being a city that really does not have any need for debt management. But the reality is that many people in Manchester are struggling to manage their debts, just as they are up and down the United Kingdom.

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