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 »
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 »
Monday, September 29th, 2008
Bradford & Bingley, Lehman… who’s next?
Troubled high street bank Bradford & Bingley has been nationalised. An announcement is expected to the effect that B&B – the latest global credit crunch casualty – will be sold almost immediately to another bank chain or a consortium of leading banks.
Prospective buyers for the ...
Posted in Banking, Credit crunch | 1 Comment »
Thursday, September 18th, 2008
When your struggling with debts its hard to ask for help, many people in debt feel quite ashamed they think people will look at them like they've been greedily buying everything they can get their hands on.
Debt is a common problem in todays society UK Consumer debt totals £1.5 trillion ...
Posted in Credit crunch, Debt, Personal Finance | No Comments »
Wednesday, September 10th, 2008
The present difficulty in getting credit and/or being able to sell property may be playing a key role in keeping couples together, according to research from online banking group Cahoot.
More than one quarter of UK consumers surveyed by Cahoot said that they are less likely to separate from their partner ...
Posted in Credit crunch, Personal Finance | No Comments »
Tuesday, September 9th, 2008
The recent death by suicide of a father of two, Karl Harrison, aged 40, is being blamed on the credit crunch.
Harrison of Amlwch, North Wales, fell into arrears on his mortgage and council tax and was frantically worried that he would lose his family home.
It was stated at an inquest ...
Posted in Credit crunch, Debt | No Comments »
Saturday, September 6th, 2008
The Credit Crunch is a long way from over yet, household and personal finances are set to suffer a lot more strain. If some analysts are correct The Credit Crunch is going to last at least another 18 Months.
One part of your finances that you could probably save money on is credit cards. ...
Posted in Debt, Personal Finance | No Comments »
Sunday, August 31st, 2008
Research from leading accountants Grant Thornton has shown that the total amount owed by UK consumers in the form of mortgages, loans and credit cards has increased by 7.3% in the 6 months preceeding June. The figure now stands at nearly £1.5 trillion.
During the same six months, the UK's Gross Domestic Product (GDP) only increased by ...
Posted in Credit crunch, Debt | No Comments »
Wednesday, August 27th, 2008
Some UK credit card companies are said to be ‘hounding’ nearly 1.8m responsible customers in the last year in order to force them to give up their cards.
The customers targeted are those who always pay their credit card bills on time, but who are not generating the card companies any ...
Posted in Banking, Credit crunch, Debt, Personal Finance | No Comments »
Sunday, August 24th, 2008
When your debts become so large that you can’t control them anymore, there are a number of things you can do to manage the problem.
Let’s take a look at two of the options available to you:
IVA – an IVA is an Individual Voluntary Arrangement that is made between you ...
Posted in Debt | 2 Comments »
