Chester-le-Street Named Debt Capital of the Country.

The market town of Chester-le-Street has the highest levels of personal debt in the country, according to a recent report.

Residents currently owe an average of £5,248 on credit cards and loans, in comparison to borrowers in Northern Ireland who owe the least with an average of £2,291.

The study carried out by the credit reference agency Experian, who published a national debt map of the country, aimed to give a truer picture of debt by stripping back mortgages.

However Chester-le-Street District Council has serious doubts about the report which named the town as being the most debt ridden place in the country.

They believe that Experian’s research was inaccurate as it cited Chester-le-Street’s population as being over 114,000.

But the council estimates it at being less than 54,000, of which only 43,000 are eligible for credit cards.

They also scrutinize the figures as according to Experian areas surrounding the Chester-le-Street District, such as Durham, Sunderland andNewcastle, are shown to have debt varying between £3,367 and £3,397 per head.

The Council believes this minor variance as being inconsistent as it suggests that people in the town have nearly £2,000 more debt than their neighbours.

A spokesperson for the Council said:

“We thought it odd that people in Chester-le-Street should have the highest personal debt in the country, so we requested the information as was sent to the media by Experian.

“We found that Experian had Chester-le-Street’s population down as over 114,137 whereas, we have less than half of that number living in the entire District. Imagine if Experian had published London’s population as 15 million, we are sure they would have been chastised for poor research.

“The Council just wants to put the record straight, and having asked them what data they have used to reach this figure, it turns out that they’ve included people from Derwentside, and both Tyne and Wear Valleys, leading to this inaccurate portrayal of Chester-le-Street’s population.”

North-East: Debt-per-Head (Source: Experian)

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Graeme Leigh, Financial Planning Consultant for Orchard Finance blames buying luxuries.

“The trend in the public’s debt seems indicate that it is general commodities such as iPods, large Tv's and foreign holidays are what most people are buying on credit.

“It is often the case that people are spending this money on credit cards simply due to ignorance. People seem to have forgotten the way in which the monetary cycle works, for example there will always be varying times of 'boom' and 'bust' in the economy. Furthermore the members of the public in their 30's haven't experienced economic decline during their adult lives and are unaware of how quickly the economic climate can change. For example last May most people believed the housing market was as strong as ever and within 12 months the public are now more cautious about investing in housing.”

Leigh, whose company is based in Chester-le-Street, doesn’t think it is going to get any better.

“It has been forecasted that the average mortgage will rise by £200 a month and as people begin to have less cash, then they will turn to the credit card to pay for their weekly takeaways for example. Unfortunately their reckless spending over the past 3 years or so will leave many people with high levels of credit already. Furthermore inflation will make this situation even worse. World inflation fuelled by China and India's previous acquisition of raw commodities such as oil has seen diesel and petrol prices rocket recently and with prices expected to reach £1.50 per litre many people with high credit levels may face bankruptcy. Depressingly, this is only the beginning of the problems people will face.

“This poor economic situation is only going to get worse.”

But Chester-le-street wasn’t the only place in the North East mentioned in the Experian debt survey.

Bishop Auckland was the second highest in the area with residents owing £3,691 of personal debt each. This was closely followed by South Shields, Darlington and Redcar.

The seaside city of Scarborough was the regions lowest with only £2,776 per person owed to credit card and loan companies.

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Debt: Just Easy Money?

With an average household debt of £9,052 and 292 people declaring themselves insolvent or bankrupt everyday, it is clear that consumer debt is not a new problem in the UK.

A recent study carried out by Experian, the credit reference agency, found that the residents of Chester-le-Street were in the most personal debt in the country with an average of £5,248 each.

Anne*, 23 from the County Durham market town was only 19 when she was declared bankrupt owing over £20,000 to credit card and loan companies.

She said:

“To me it was easy money. It was something I didn’t have to worry about straight away. I would always carry ID with me so whenever I went into a store and they offered me a 20% discount it was just far too easy to say yes and nearly every store would offer me a card. . People would see on my credit file that I had arrears and was missing payments but they would still give me more.

“I had nothing to show for the money I spend. It went mainly on trying to impress people, such as going on a night out where I would buy anybody and everybody a drink. On average a night out would cost me £150 and I would go out two or three times a week. “

The mother-of-one believes that the agony of telling her parents was the hardest part.

”I realised I was in trouble when I got my third loan for £15,000 at 19 year old and nobody would accept me for credit anymore. I had lied so much to my parents about all the post and telephone calls I was getting and it became too much. When I eventually told them the look of disappointment on my mam’s face is something I will never forget, she was ashamed off me.”

The procedure of declaring yourself bankrupt can take up to four weeks and involves applying to a court for an order to be made on your behalf.

However by paying off the debt, it doesn’t mean that all will be forgotten.

“I was very honest to the official receiver who dealt with my case. I had to make a payment arrangement with them and because I had a lot of disposable income I had to pay back £250 a month for 3 years.

“It has been hard. I have recently had a baby so I went to see about getting a mortgage with my partner. Even though I was discharged and paid most of the debt back, I basically got laughed out of the bank when I said I was bankrupt.”

This is a very common stumbling block amongst those with financial difficulties.

Becky Bowden Wilks from National Debt Line explains why.

“When ever you apply for a mortgage they will normally ask if you have ever been declared bankrupt and if you say no, you are making a fraudulent application for credit.

“It is going to affect your ability to get a mortgage and more importantly the interest rate that you are offered because lenders will see you as a higher risk. It can also affect applying for bank accounts. They could offer you a higher interest rate or not give you current accounts that have all the perks and the overdraft facilities with really low interest rates.”

But that isn’t the only restriction.

“The main thing is that it is going to affect your credit rating and it will stay on your credit file for six years. You also have restrictions on you for example there are some professions you can’t do such as being an accountant or a practising barrister or solicitor. Another constraint is that you can’t get credit for more than £500 with out the official receivers permission until you are discharged.”

Although in some circumstances it can’t be avoided, for others bankruptcy isn’t the only option.

“It depends what your situation is, for example say you’re a home owner and you have a large amount of equity then obviously bankruptcy probably isn’t for you because you have got equity and obviously you don’t want to lose your home.

“So in that instance we look at negotiating with your credits and try to negotiate a reduced offer of payment, something that you can offered or offer a voluntary charge on your property offer to them to secure the debt against the property so they have some security for it without actually forcing the sale of the house and forcing you in to bankruptcy.

“But if you do have a property that is in negative equity or you don’t own anything, say you’re renting or living with your mum and dad or something, you have lots of options rather than go bankrupt. You could apply for a full and final settlement of the debt, which is when you make an offer to pay the debt back at a higher rate than a bankruptcy settlement and they will decide whether or not to accept it.”

So in today’s current climate, with the increase of mortgage prices, higher interest rates and the “buy now, pay later” slogan on everything from sofa’s to holidays in the sun …is it really that surprising that more and more people are finding themselves in such sever financial difficulties?

If you want private and confidential advice on your finances, visit The National Debt Line website.

*Name changed for personal reasons

R.I.P Mark Speight

Children’s TV presenter Mark Speight has been found dead.

The 42 year-old’s body was discovered at 10am on Sunday in a remote area of Paddington Station, London after he went missing six days ago.

Now Magazine said:

”It is understood he [Speight] hanged himself and had not been hit by a train....A security camera caught Mark entering Queen's Park underground station where he travelled on the Bakerloo Line to Paddington. “

Police are currently trying to fit together Speight’s last moments together from the CCTV footage as they believe it will be significant.

Press Association reported:

“CCTV evidence could hold the key to the last movements of tormented children's TV presenter Mark Speight....Officers are investigating how Speight managed to access the partially-disused office block and apparently take his life.”

The presenter, famous for his artistic talents on children’s TV show SMart went missing on the 7^th April.

Matthew Hemley from The Stage believes it is linked to the death of his fiancée earlier this year.

He wrote:

“The presenter, 42, disappeared last week following a post-mortem into the death of his fiancee Natasha Collins, 31, who was found dead in the bath three months ago with 60% burns after taking cocaine and sleeping tablets.”

Speight was originally arrested after suspicions that he was involved in the TV personalities death. However he was released without charge.

The Mirror recollected a previous interview with the star.

"In his last interview, Mark told how life "will never be the same without Natasha". He added: A part of me died with her."

Tributes have pored in after news broke of the tragic death.

The Stage published a statement from Speight’s father, Oliver.

“Sincere thanks to the BBC, friends and colleagues together with all the children and families who have supported Mark throughout his career, and in particular during these recent difficult times…Mark was a wonderful son and brother to his family and he will be very sadly missed.”

They also included a few words from his agent, Jan Kennedy at Billy Marsh Associates.

“We are absolutely devastated at the tragic news of the loss of Mark and our thoughts and prayers go out to his family as well as the family of his beloved fiancee, Natasha, whose equally tragic death had affected him so inconsolably. Mark was blessed with a remarkable personality, great artistic talents and the wonderful warm ability to communicate those skills with people, especially children of all ages.”

Lawyer Nabeel Sheikh acknowledged the pain Speight had experienced over the loss of his fiancé.

The Mirror reported him as saying:

"He had real difficulties in coping with what happened to Natasha and as a result has taken his life…It was too much for him. I didn't think he was dealing with it well, that's been borne out by what has happened. It's an absolute tragedy. The loss of another young person's life.”

One of the TV presenters close friends, Timmy Mallot was shocked by the terrible news and payed tribute.

He told Bucks Free Press:

"Mark was a delight to work with and a joy to watch. He was a dear friend to myself and my family…It was a privilege to have known him and we enjoyed his company on the TV, on stage and in person as a friend. We adored Mark ... He played the brilliant Abominable No Man in our series of Timmy Towers shows for CITV. He brought the show to life with his great sense of fun and everyone who worked with him or watched him will miss him dreadfully….Mark was not always aware of all his talents. He worried about singing - but his outstanding rendition of Robbie Williams' Let me Entertain you will stand as a testament to that huge talent...Mark always entertained us and we are deeply saddened by this tragedy."

The British Transport Police have said that a formal identification would take place today and investigations are still going on as to how long the body was at the station.

R.I.P Mark Speight (1965 – 2008)

Leona US Number 1

X-Factor winner Leona Lewis has become the first British female artist to top the US charts in over 20 years.

Beating off competition from American Stars Usher and Madonna, the 22 year old was the first female Brit to make it to number once since Kim Wilde in the 1980’s.

Everyone is excited at the prospect, none more than Simon Cowell, the brains behind the beauty.

He was quoted by Now Magazine saying:

"I'm incredibly proud of Leona. What she has achieved in the past year is simply amazing…I am very, very happy for her."

Thorough out her time on the reality TV show, the singing sensation was compared to many huge stars.

James Hurley, MSN’s Music Editor agrees with the connections.

"She is arguably the first British singer able to compete vocally with the great American pop divas like Whitney Houston, Mariah Carey, and Celine Dion. Leona always looked capable of global superstardom. This week she took one huge step closer to it."

She is also creating a huge fan base along the way, be it here in the UK, the US or the other 25 countries in which "Bleeding Love" soared to the top of the charts.

Online blogger, Dizzy, has been a supporter from the start.

"I don't care what people might think of that record, or that sort of R&B feel it has, I've said it before and I'll say it again, that girl has talent. Pure unadulterated singing ability. She is the next Whitney and Mariah and she was a receptionist in Hackney with a dream that came true...You have to praise Simon Cowell for creating a revival in the format. Breaking America is one hell of an achievement for the girl and her lungs."

However, others believe that Leona has had a helping hand along the way over the pond…in the form of US TV Queen Opera Winfrey.

Erin explains:

"Not only does this prove that the killer combo of a catchy song, a gorgeous face and the talent to back it up can bring you instant success, but it confirms my long-standing theory that Oprah is a deity. Not surprisingly, the Lewis surge to the top occurred just days after her appearance on Oprah. American Idol judge Simon Cowell introduced Lewis to Oprah and ergo, the world, on March 18th. Nine days later, "Bleeding Love" hits number one."

The future looks bright for the sexy young singer, with debut album ‘Sprit’ tipped for the top spot after it’s release in America on 8th April.

Good Luck Leona.

Pregnant Kerry Rushed to Hospital

Pregnant Kerry Katona was rushed to hospital yesterday with suspected pre-eclampsia.

The reality star, 27, is being treated at a maternity unit in Macclesfield, near her home in Cheshire.

She is being tested for the illness which can lead to kidney and liver failure, and in severe cases can be fatal to both mum and baby.

The mother-of-three’s spokeman, Max Clifford, was reported by Now Magazine as saying:

"We're praying for her but only time will tell…In the past few weeks she's been in increasing pain with her legs and feet swollen. We just hope it's not pre-eclampsia. Mark's very concerned, like the rest of us. But she is a fighter and we've all got our fingers crossed."

This came just days after Katona checked herself into The Priory.

Kerry, who already has 3 daughters, Molly,6, Lily Sue, 5, and Heidi,1, suspended filming of her MTV fly-on-the-wall documentary, Crazy in Love, while she was treated with depression.

However, MSN Columnist David Levin, was amongst the first to wish the troubled star luck.

"Her reality show has been suspended, her Iceland contract is coming to an end, she’s been back in rehab, and now she’s been rushed to hospital... if anyone needs a bit of good luck, it’s Kerry Katona."

He continued by explaining what has been happening over the past few years, after the reality star won I’m a Celebrity Get Me Out of Here!

"In the past few years Kerry’s life has played out like a soap opera. She has been held hostage at gunpoint in her home, had friends and family sell stories of her alleged drug use, been criticised for smoking throughout her pregnancies, and faced claims that husband Mark Croft has been unfaithful. The former addict was accused of using cocaine while pregnant following an erratic appearance on GMTV last October, and reports surfaced that ex-husband Brian McFadden was considering filing for custody of their two daughters."

Lets hope all test results come back clear so the star can make a fresh start with baby number four.

Tatt's Enough Becks!

Some people write songs, while others opt for a more extravagant clothing…But for David Beckham it is all about his tattoos.


The LA Galaxy star has revealed his innermost feelings through body art, with his 15th tattoo.

With a sexy image of wife Victoria, and three cherubs to represent his three sons, Brooklyn, Romeo and Cruz, Beckham sees the art as a way of expressing himself.

Now Magazine was one of the first to report on the stars latest addition.

"Most recently, the footballer had a strip of Chinese symbols inked down the left side of his torso. It is reported to say: 'Death and life have determined appointments. Riches and honour depend upon heaven."

Relache believes that Beck’s tattoos are becoming more famous than his football skills.

"Soccer star David Beckham is known as much for his fashion sense and tattoos as he is for is abilities on the playing field…no matter what this 30-something sports star does, the talk always comes back to his tattoos."

However, Simon H B thinks Beckham has too much time on his hands.

"Beckham's latest tattoo is a long one, suggesting that he's not got much else to do bar sit around having people write on him. "

Either way, he is still arguably one of the most attractive men in the world!

Ashley Cole Named Worst Husband

Ashley Cole has been given the title of Worst Celebrity Husband after cheating on his wife Cheryl with a hairdresser.

The Chelsea football star received almost half of the votes in the Nivea For Men poll. Prince Charles came second in the list, with Tom Cruise and Sven-Goran Eriksson at joint third.

The result didn’t come as much of a surprise after the tabloid tales of late.

The Mirror’s 3AM girls took a very sarcastic stance on the results.

"Hold the front page, here's some shocking news - Ashley Cole has been voted Worst Celebrity Husband...We can hardly contain our astonishment."

HeatWorld, Online’s equivalent to Heat Magazine was reminiscent of the great celeb husband, but agrees that Cole is definitely the worst.

"Sadly, there are quite a few dirty cheating rats in the celebrity world (and, for that matter, the plain old non-famous world. Sigh…) but the readers of grown-up ladies' magazine Eve reckon Ashley Cole is the worst of them all – and we can definitely see where they’re coming from with that one! "

But Cheryl has taken Ashley back, Andhranews explains.

"The Girls Aloud star has agreed to renew her marriage vows during a secret summer ceremony in Newcastle…Cheryl has demanded Ashley stick to the strict no-sex regime before the big day."

It is a good job website HeckleSpray were quick to give the cheat some words of wisdom for the future.

"Now here’s some advice for you, Ashley. At the very top of the opposite poll Jamie Oliver was voted best husband. So, if you want to get back in the wife’s good books all you need to do is spit in her face, cook an acceptable spag boll and you can shag and sick til your heart’s content."

But will this really make a difference? Once a cheat, always a cheat?