How To Guides
- Childbirth & Education
- Legal Formalities
- Pensions & Benefits
- Property & Accommodation
Did you know...?
- Airports and Airlines Spain
- Paramount Theme Park Murcia Spain
- Corvera International Airport Murcia Spain
- Daily brief -Friday 3 July 2015
- When Expat Eyes Are Smiling
- Meet Wincham at The Homes, Gardens & Lifestyle Show, Calpe
- QROPS 2014
- Spain Increases IHT in Valencia & Murcia
- Removals to Spain v Exports from Spain
- The Charm of Seville
- Gibraltar Relations
- Retiro Park : Madrid
- Wincham announce opening of Marbella office
- Community Insurance in Spain
- Calendar Girls
- Considerations when Insuring your Boat in Spain
- QROPS – HMRC Introduces changes that create havoc in the market place
- QROPS – All Change From April 2012
Expat Calls to Consumer Charity Increases
British expatriates are struggling to pay bills in their new resident countries because of the weak sterling, a consumer charity has warned.
According to the Consumer Credit Counselling Service (CCCS), more expatriates are looking for help to repay debts this year.
Calls to the charity's helpline made by people living outside the UK have risen by a third since the start of this year.
The charity noted that the increase was boosted by those living in Eurozone countries who keep their income in sterling, and consequently are noticing the drop in value.
Laura Carver of CCCS, said: "The decreasing value of the pound is the main reason that those living abroad are struggling to repay their debts.
"We have had people whose income had allowed them to live comfortably abroad, and although that income hasn't changed, they have been left struggling to make ends meet."
Another spokeswoman for the helpline said expatriate pensioners living abroad may be asset rich but are cash poor.
The falling value of the pound has meant many pensioners are seeing their income drop when they change the currency into euros.
Those with expatriate healthcare insurance may be protected from some elements of currency exchange rates, which could help in situations where medical treatment is necessary.
Expatriate Healthcare specialise in providing international health insurance. Make sure you're protected.
Latest News & Stories
- Spain services growth slows in June (but so does unemployment)
- Spain's De Guindos says a Greek 'Yes' would facilitate talks
- Seville church website removes article on “curing” homosexuality
- UK and Spain grant most EU citizenships
- Spain sees unemployment fall for 5th straight month
- Spain brushes off Greek concerns as it hikes growth forecast
- Spain's León Airlines folds after just 8 weeks
- Spanish air traffic controllers call further strikes for July
- Orange Spain Launches Holiday Pre-Paid SIM
- 5 things Spain’s ‘gag law’ will stop you doing from today