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Barclays launches new techniques to help manage consumer debt

In a bid to help customers curb unhealthy spending habits, Barclays has become the first high street bank in the UK to allow users to turn off spending on gambling websites, as well as in other categories including groceries and supermarkets; restaurants, takeaways, pubs and bars; petrol and diesel; and purchases from premium rate websites and phone lines.

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Is the Debt Arrangement Scheme still relevant?

It could be argued that the Scottish Government’s Debt Arrangement Scheme (DAS) has had its day.

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Formula 1’s Manor team collapse, following administrators fail to find a buyer

Manor, the team which started life as Virgin Racing in 2010, have ceased trading today, Friday 3rd February, after administrators FRP Advisory have failed to find a buyer for their operating company, Just Racing Services.  While this doesn’t definitively spell the end for Manor, who have experienced administration once before in 2014, if a buyer was to come in now, it would be unlikely for the team to be ready to compete in the opening race of the upcoming championship.  There have been calls for stricter regulations into F1, particularly in the distribution of prize money amongst less well-established teams.

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Self Assessment may lead to financial distress

Self Assessment may lead to financial distress

Filling in a self assessment form by January 31st may not be the only problem many individuals, business owners and high net worth individuals face, according to recovery, restructuring and insolvency boutique mlm Solutions.

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Consumers Feel Confident About Paying Off Debt

Consumers Feel Confident About Paying Off Debt

Confidence levels in paying off unsecured debt remain high, with four in five (83%) of those surveyed feeling confident or very confident that they will meet their future repayments, according to a recent report from Lloyds Bank.

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