Government debt help

Even though you might not immediately think it, the government can offer debt help in a variety of ways and government debt help is always worth listening to.

A lot of debt management companies will tell you that government debt help revolves solely around the IVA or Individual Voluntary Arrangement. An IVA is government legislation that has been introduced offering people with massive debts, an alternative to bankruptcy.

How it works is by setting up an agreement with your lenders, whereby you make one set monthly repayment and in return they slice off a massive percentage of the debt. Debt management companies benefit because they get a commission by setting up the deal, your lenders benefit because they recoup at least some of the money owed and you benefit from less debt and a realistic way out.

The government and the media have however criticised debt management companies for influencing consumers into getting an IVA, when it isn't the best course of action. Many believe that these companies just want to benefit from your debt which they obviously deny.

Aside from the IVA, the government authorities are always looking into the ways that banks and other providers do business to ensure consumers are getting a fair deal. They also offer advice and tips through their own official websites.

If you're experiencing debt problems then you can certainly look towards your government for help. If you're in serious debt then an IVA is worth considering, but don't allow yourself to be pushed towards this kind of agreement unless you're a hundred per cent sure it's for the best.

With debt spiralling out of control in the UK, you can be sure that government debt help initiatives will become more and more prevelant. We have the latest news, tips and resources with everything to do with government debt help for you to utilise right here.

Government debt help for low income families welcomed

The government's pre-budget report which announced a cut in VAT has been welcomed by the LITRG who campaign for better policies for low income households.

Government cut in VAT to ease short term debt

The government's decision to potentially cut VAT could well ease many families debt problems as the expensive Christmas period approaches.

Government must halt pensioner debt - Age Concern

The government are being urged to use the latest budget to do more for pensioners struggling with increased debt.

Clegg warns over future debt problems

Lib Dems leader Nick Clegg has warned consumers that the UK economic future will be poor if people aren't properly educated about the finance market and debt.

Elderly energy debt likely to increase

Age Concern believe that many elderly consumers will miss out on the best energy deals because they don't have access to the internet.

Will reduced interest mean reduced debt?

The government is waiting anxiously to see if the huge 1.5% drop in the Bank of England base rate will reduce debt in the UK and help the struggling econ

Government urged to reduce debt above everything else

A recent survey has found that the majority of consumers believe the government should make reducing national debt a priority over other issues.

Government debt help bad for pension industry

The recent steps taken by the government to reduce the nations debt problems during the credit crunch, has left the pension industry feeling the pinch.

Fuel debt now expected by UK families

Households all over the UK now see fuel debt as a part of everyday life according to Ann Robinson from uSwitch.

Debt will force interest rate cuts

Howard Archer from Global Insight believes that the Bank of England will have no choice but to dramatically cut the base rate of interest, as debt problems continue to grow.

Scotland calls for debt help lessons

The Scottish government have been urged by a leading human resources company to enforce lessons in finance management to ensure young people stay out of debt.

Credit Union can help those in debt

Consumers who are grappling with debt problems are being advised to visit their local credit union for advice and help in fixing their finances.

Government car debt advice

The government are set to spend £3 million on a new campaign to help consumers reduce the amount of car debt they wrack up.

Government fuel debt help

As the UK gears up for another cold winter, the government have taken steps towards helping people reduce their fuel bills and minimise their debt problems

Government aims to reduce car insurance costs

The government are planning to help motorists reduce their outgoings and ease their debt problems, by cracking down on uninsured drivers.

Government debt help for divorced elderly women

The government is to remove the restriction on the amount of money divorced people who get partial pension benefits from their ex-partners can recieve.

Student debt help from the Times

The Times are once again offering detailed student debt help by offering new academics financial advice in their 'Good University Guide'.

Government debt help criticised

The government has been criticised for only offering 'poor short term solutions' to the debt problems UK consumers are currently experiencing.

Government called upon for further mortgage debt help

The government has been called upon by the National Association of Estate Agents to offer more help to those struggling with mortgage debt.

Saving to grow old and avoid debt

UK consumers will have to rely on savings in the future to get them through their old age without slipping into debt, according to one financial expert.

Government look to help people with fuel debt

The government are looking into ways they can help people struggling with fuel poverty and debt problems to ensure they get the gas and electricity they ne

Government debt help welcomed

Gregory Pennington has welcomed the debt help that the government has offered in the form of a £10 million injection of cash into the economy.

Inflation means consumers must control debt

Credit Action have warned consumers that now is a bad time to be struggling with debt problems, so cutting out non-essential purchases is essential.

Government aim to help first time buyers before they get into debt

The government has announced new legislation on housing to help first time buyers get a foot on the property ladder without slipping into a lifetime of debt

Care home debt will double in next 20 years

The cost of a four year stay in a care home is set to double over the next twenty years, leaving many relatives to cope with debt problems instead of an in

Fuel bills cause debts to increase

UK consumers are being asked to cope with huge increases in their fuel bills, with many slipping further towards serious debt as a direct result.

Government MP speaks of debt help importance

MP David Laws has spoken out over the importance of finding debt help solutions as he himself launched a new Debt Centre in Chard, South Somerset.

Cameron plans debt help for the UK

Conservative leader David Cameron has vowed to help the UK through the credit crunch and out of a debt crisis, once his party gain power.

Recession likely according to debt experts

The struggling UK economy is heading towards a serious recession with more people than ever trying to cope with debt, according to Chris Huhne from Financi

Government ISA legislation will reduce debt

Nationwide believe the government's decision to increase the amount of money consumers can put into an ISA each year will encourage more people to put money away and 12next ›last »