Money Problems from divorce
Posted on 14. Jul, 2010 by Divorce Debt in Divorce Debt, News
There are ways you can deal with the financial implications of a break-up of a marriage that will lessen the trauma of divorce or separation. This article is intended to help couples back on the right track. Here are a few hints and tips:
70,000 go to loan sharks in desperate times
Posted on 16. Jun, 2010 by Divorce Debt in Divorce Debt, News
R3’s president Steven Law commented: “Going to this source for financial resolution will simply build up a larger store of debt and create more pressure and stress. We must highlight the importance of obtaining professional advice over panic measures that will worsen the problem.”
National debt comes to £78,000 a head
Posted on 14. Jun, 2010 by Divorce Debt in News
It claimed the Treasury has racked up liabilities of £4.8 trillion – or 333% of Britain’s national income – because of the spiralling costs of state pensions.
Crippling reality of divorce debt trap
Posted on 05. May, 2010 by Divorce Debt in Divorce Debt, News
Divorce is driving people into debt and despair, and even a good income and financial knowledge may not be enough to protect against it.
A self-employed financial adviser in the East of Scotland whose marriage broke down found himself faced with a reduced income and homelessness. He sleeps in his office or occasionally stays with friends
Divorce ‘can boost debt levels’
Posted on 05. May, 2010 by Divorce Debt in Divorce Debt, News, Splitting Debt on Divorce
he extra costs relating to the process of getting divorced can erode finances.
A divorcee owes an average of about £5,000, excluding mortgages, equivalent to 28% of their annual salary.
Married couples owe a little more on average, about £5,250, but this equates to 15.9% of their combined salary.