Archive for the ‘Debt’ Category
Wednesday, December 24th, 2008
The Family and Parenting Institute has recently published a report which reveals that a third of UK parents are having sleepless nights because of worries about money and that 29% of those parents are arguing over their family’s money situation.
The report, based on a YouGov survey, questioned over ...
Posted in Credit crunch, Debt, Personal Finance | 2 Comments »
Friday, December 5th, 2008
Debt is a vicious cycle and often, we simply don’t end up with enough money at the end of the month to do much about it, but here are 7 tips that should help you to get organized long-term with your finance.
1. Analyse your monthly expenditure
Check if ...
Posted in Debt, Frugality, Personal Finance | No Comments »
Wednesday, December 3rd, 2008
With so many of the biggest names in UK business going under there are going to be thousands of redundancies, so what do you do when you get the dreaded letter telling you you’re being made redundant?
First, try not to panic, which is easier said than done with bills to ...
Posted in Credit crunch, Debt, Personal Finance | No Comments »
Friday, November 28th, 2008
The Council of Mortgage Lenders has reported that the number of people in arrears with their mortgage at the end of September this year was 168,000, which is 8% higher than the 155,600 who were in arrears at the end of June.
By December, that figure is likely to rise dramatically ...
Posted in Credit crunch, Debt, Personal Finance, Property Prices | No Comments »
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 »