News

Friday 15 August 2014

Tell us what you think

Our new look site has been live for some time now and we would really appreciate some feedback from you.

A reminder of some of the changes we have made:

  • Debt questions - These are answers to some of the most frequently asked questions we receive about debt and how to deal with it.
  • News - This new section allows us to 'blog' about news and developments related to money, debt and credit. This section is written by our social media officers - experienced debt advisers from National Debtline. Comments are welcome!

The advice My Money Steps gives remains the same. It is written by the Information Team at National Debtline and tailored to your individual situation. If your situation has changed since you last used My Money Steps, it is worth logging back in to update your details and check whether there is any new advice for you.

We welcome any thoughts on how we can improve the site. Please contact us to tell us what you think.

Posted by My Money Steps

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Friday 15 August 2014

The rise and fall of reposessions

The Ministry of Justices, Mortgage and Landlord Posession quarterly statistics show a reduction in mortgage repossession and an increase in reposession for rent.

Low interest-rates appear to have played a huge part in the lower mortgage repossession rate. Additionally lenders appear to be more proactive when dealing with people in financial difficulty.

Reposessions are becoming more common and the reasoning behind this can vary. Tighter budgets and increasing rents may well play a big part in this.

Posted by My Money Steps

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