TalkMoneyBlog provides free financial help and information to all our readers on a regularly bases.

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 of debt [...]

Recessions come and recessions eventually go but if you were born in the 1980s or 1990s, you may not know what to expect or how to cope during a period of financial uncertainty. This guide gives all you first-time buyers a few pointers to surviving until the next boom comes around.
Your attitude
Stick to the essentials
Decide [...]

It looks likely that the government will soon introduce legislation to crackdown on the credit card industry. Proposed legislation will hopefully put a stop to credit card companies increasing credit limits without a direct request from the customer. In the past credit card providers have increased the amount a client can borrow by just writing [...]

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 more [...]

Most of us will still be in work in 12 months’ time but, with predictions that three million people will be unemployed by the end of 2009, it’s sensible to ask yourself what you’d do if you were one of the unlucky ones.
Advance planning could mean you’ll cope better if the worst happens and will [...]

Technically we are told by the government that we are in a recession when we have two quarters of negative growth in our economy. Mervyn King the Governor of the Bank of England has just admitted that we are entering a recession. It’s funny that most of us have known for the last six months [...]

We are generally apprehensive of the unknown and this is true of contacting debt Management organisations as we don’t know what to expect. When you have made contact with a Debt Management charity you should then be put through to a debt management advisor. The debt advisor will assess your current personal financial situation and [...]

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 most [...]

If you are at this stage you have buried your head for long enough. The demand letters just keep on arriving daily and you are now on first term names with the guys and girls at the mortgage, loan and credit card collection departments.
What ever you do don’t stop paying your mortgage. Talk to your [...]