Archive | Debt Management Schemes

Are homebuyers being frozen out of the mortgage market?

The number of homes changing hands fell to a record low in December despite an increase in the number of buyer enquiries having risen for the second month in a row according to the Royal Institution of Chartered Surveyors (RICS).  They also said that sales are at their lowest levels since records began in 1978. […]

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Government helps homeowners with new Mortgage Support | Mortgage News

Latest forecast by the British Chamber of Commerce suggests that unemployment figures could rise to ten percent or around 3.1 million people during this year 2009. According to Credit Action personal debt in Britain today stands at almost £1.456 billion in November and the amount of debt has surged ahead of the country’s gross domestic […]

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To sell your home or be Repossessed? | Debt Management

Home repossessions in the UK are at a 12 year high. The recently privatised Northern Rock Bank is repossessing 50% more homes than the mortgage industry average. Ouch! In order to avoid repossession you need to talk to your mortgage lender as soon as you realise that you cannot afford your mortgage payments. The reason […]

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Restructure your debts to make them more affordable | Debt Management

We have all watched as our government has bought a share in the Royal Bank of Scotland (RBS), Lloyds TSB, Halifax and then they privatised the Northern Rock and Bradford and Bingley. They have given these banks a life-line. But what life-line have they offered the rest of us? Some people are struggling more than […]

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Anger over Home Repossession | Debt Relief

Home repossessions in the UK are at a 12 year high. Reports from Wales suggest that the number of repossession orders going through the courts there are up by 39% this year. Further news has emerged that the recently privatised Northern Rock Bank is repossessing 50% more homes than the mortgage industry average. Ouch!  We […]

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Greedy City Bankers!

It’s astounding, time is fleeting and still they are bleating about the mis-management of the banks. Yesterday the Prime Minister Gordon Brown and his Chancellor Alistair Darling agreed to the £37billion requested by the Royal Bank of Scotland (RBS), Lloyds TSB and the Halifax. We are told repeatedly that they have not nationalised these banks, but […]

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The Global Banking System is in Intensive Care on Life support!

Record losses were being mirrored around the world as governments scramble to avoid any further disaster. Stock markets are now being driven by fear and not by reason. Record loses are being moved around the world. If you thought we might be hitting the bottom then think again there are new warnings being given hourly […]

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Which Debt Management Plan is best for you?

Debt Management Plan My personal philosophy and advice as a  is to seek out a free service first and then compare it to a paid service. Take time to find out what the differences are. Three Types of Debt Management Companies The first is a paid service that will offer you help and advice and […]

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uk credit cards

Who Is Responsible for the Credit Card Debts?

Your Credit Card Explained When you applied for your first credit card you were probably offered a card with a £500 credit limit. Over time you found that your card provider increased your credit card limit many times. Often they increased your card without asking if you wanted an increase. After many years of using […]

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Swap Shopping is the New Shopping Experience!

Welcome to the new swap shopping phenomenon! “The credit crunch is likely to last well into 2010” Andy Hornby the HBOS chief executive of the UK’s largest mortgage provider has warned. For many of us the Credit Crunch has already started to wreak havoc on our shopping experience as we have no extra money left […]

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