Only 46% of people in the UK are saving enough for retirement, according to recent research. This percentage has hit its lowest level in eight years. Saving for retirement is defined by putting at least 12% of your salary into a pension scheme. The pension provider, Scottish Widows found that the number of people saving [...]

Think your job is tough?. As of December 2011, debt collectors have been handed £60 billion in debt to chase down. According to the Credit Services Association the figure has grown by £6 billion in the second half of 2011. Most of the debt has been passed on by mainstream leaders but the CSA has [...]

1. They cannot keep calling you over and over again You should not have to program a special ringtone to avoid their calls, they are mostly limited to three phone calls a week. 2. They cannot call you at ungodly hours Depending on what country you live in, they are legally allowed to call you [...]

If you are a regular user of social networking sites such as Facebook and Twitter, then beware. Debt collectors are now using this as a tool to get in touch with and in some cases, humiliate those you are in debt. In October, 2011 the Office of Fair Trading (OFT) issued a warning after receiving [...]

1. Face reality Add up the balances of all the credit cards (and loans) you owe. And list the rate you are paying on each card. List all your essential expenses each month (rent, petrol etc) calculate the difference between your essential expenses and your monthly income giving you your discretionary spending. If your discretionary [...]