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 spent [...]

For sometime now we have heard the rumours about credit card debts and loans being written off by their various providers. Then last week BBC One showed a Panorama television programme called “Can’t Pay, Won’t Pay” We heard Sir Roy Good an eminent Solicitor who was involved with the drawing up of the Consumer Credit [...]

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Mark is a professional Mortgage Adviser. The Information provided here is for information and entertainment purposes only. The content and information within Talk Money Blog does not constitute financial advice. Talk Money Blog provides general information and does not attempt to provide you with advice that relates to your specific situation. You should discuss your specific issues with an independent financial adviser. Enjoy reading and do come back often!