More People Are Struggling To Pay Off Their Credit Card Debts Today more people are struggling to pay off their credit card debts each month when faced with which bills to pay first. According to Credit Action almost sixty-six percent of Britons had seen their finances stretched by the current recession. It seems that...
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Bankruptcy Is Still An Option Bankruptcy is “still a valid option for struggling borrowers” according to financial solutions company Think Money. It was responding to the latest Insolvency Service statistics. The figures showed a significant drop of 32.1% in bankruptcy orders over 12 months. The third quarter of this year compared with the...
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Help With Your Money Problems We all have money problems from time to time irrespective of how much we earn or how little we earn. Everything is relative when it comes to money problems no matter who you are or where you have come from. The key to solving your money problems is to...
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If you’re one of the many women who see shopping as a form of recreation, you could be heading for a tough financial future. A recent survey by Cosmopolitan found that 64 per cent of readers were in debt, with more than half owing upwards of £5,000 on credit cards or store cards. This...
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If you’re one of the many women who see shopping as recreation, you could be in for a nasty shock. A recent survey by Cosmopolitan found that 64 per cent of its readers were in debt, with more than half of these owing upwards of £5,000 on credit or store cards. This new generation...
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Britain struggles under the weight of historic debt caused in part by the banks irresponsible lending policies and the public’s belief that they could control their high mortgage costs, credit card debts and loan repayments. Credit card providers in the past have issued new credit card agreements to anyone and everyone without conducting proper...
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If you believe everything in the news these days, it’s almost impossible to get a good deal on credit. Luckily, that’s just not true. If you have a good credit rating, you can still qualify for some great deals – whether you want a card, loan, mortgage or simply the right mobile airtime package....
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The United Kingdom personal debt today stands at £1,458 billion and the government intend to increase their debt to £175 billion this year and similar figures for the next three years. The latest figures available from Credit Action this month suggests that the average household debt is £59,765 including mortgages, £1.02 billion will be...
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The number of homes being repossessed by mortgage lenders rose by 54% to 40,000 according to the Council of Mortgage Lenders (CML). The Financial Services Authority (FSA) recently reported that house arrears had surged forward by 31%. As the credit crunch bites ever deeper people who are struggling to pay their mortgages are searching...
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A recent survey of 1,407 new debt clients was conducted by the Citizens Advice Bureaux and they found that the average amount of debt owed by their clients’ was £16,971 in 2008 and one client in ten had ten or more credit card debts. More than fifty percent of these clients had four or...
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