Archive for the ‘Debt’ Category
Friday, November 21st, 2008
Equity release is simply a way of turning the cash that’s tied up in your property into actual cash money and it’s becoming an increasingly attractive option for many who need extra cash but who don’t want extra debt.
Most equity release schemes are only available to homeowners over 50 or ...
Posted in Credit crunch, Debt, Personal Finance, Property Prices | No Comments »
Tuesday, November 18th, 2008
This Christmas, UK shoppers are expected to spend around £31 billion on the festive season’s traditional trappings – including gifts and groceries – and more than £7 billion of that total will be on credit. However, what happens in January when we have to start paying it all back?
With ...
Posted in Credit crunch, Debt, Personal Finance | No Comments »
Sunday, November 2nd, 2008
The number of people seeking urgent help for debt problems has doubled across the UK in the past year, placing a strain on the services offered by Citizens Advice bureaus.
In Derby recently, queues have been forming outside the city’s Citizens Advice and Law Centre at 7.30am, which is an ...
Posted in Credit crunch, Debt | 1 Comment »
Tuesday, October 28th, 2008
Finanacial campaigners have recently called upon the Treasury to stop Northern Rock from repossessing property so readily.
Charity group ‘Credit Action’ reported that the now nationalised lender was twice as likely to repossess homes than other lenders, and added that Northern Rock wasn’t being flexible enough in its approach to borrowers ...
Posted in Credit crunch, Debt, Personal Finance, Property Prices | 2 Comments »
Tuesday, October 28th, 2008
First, there has to be a valid legal reason for your mortgage lender to repossess your home. The most often cited reasons are mortgage arrears, failing to pay loans secured on your home and bankruptcy.
If a home owner doesn’t keep up with the mortgage repayments or a secured loan, the ...
Posted in Credit crunch, Debt, Personal Finance, Property Prices | No Comments »
Tuesday, October 21st, 2008
UK Prime minister or (Sub Prime minister as he was called this week), Gordon Brown and his bushy eyebrowed sidekick the UK Chancellor Alistair Darling are to bring forward projects and spend the UK out of recession, they are planning to build more roads, schools and hospitals to get the ...
Posted in Credit crunch, Debt | 2 Comments »
Sunday, October 19th, 2008
Most of us are struggling to balance our finances at the moment, so here are ten tips for coping with debt.
Don’t ignore the situation – write down how much you owe and to whom. Add in all monthly repayments and then work out how much you need for food and ...
Posted in Debt | 1 Comment »
Wednesday, October 8th, 2008
In these days of the credit crunch a lot of people are struggling financially, many may evan face losing their homes, some may be considering bankruptcy but bankruptcy does'nt mean your some kind of social outcast.
Having money troubles now is not the end of the world, even banks are going ...
Posted in Debt, Personal Finance | 1 Comment »
Friday, October 3rd, 2008
In these days of the credit crunch, global financial crisis whatever you want to call it debt is a huge problem. I don't think those with debt problems have just themselves to blame however, western society has seemed to be credit crazy over the last few years.
Many people took ...
Posted in Debt | No Comments »
Wednesday, October 1st, 2008
[caption id="attachment_115" align="alignleft" width="300" caption="What will you get this christmas?"][/caption]
Several reports recently have shown that many UK families are planning on spending a lot less this Christmas than they normally would.
Half of Britons are dreading the run-up to Christmas and many are planning to cut back not only on presents ...
Posted in Credit crunch, Debt | No Comments »
