Articles
Stop! Before you declare yourself Bankrupt, listen to what we have to say. You have to understand the concept of 'Bankruptcy' thoroughly before moving any further with the process. Keep in mind that you will still have to pay your debts and they will not magically go away. Also, it is important that you know that a bankruptcy declaration will drastically lower your credit score, this will be an added burden when appl...
When debt is piling up, or you may need cash to update your home - whatever the reason is, you can always turn to remortgaging as an additional source of payable funds. But, what is a remortgage and how does one get the best deal? Is it open for people with bad credit? How can it help you pay off debt or avoid bankruptcy and repossession? Below you will find some answers to the common questions about remortgage.
Defi...
Debt is one of the biggest financial problems faced by many individuals today. More and more people are spending more than their means and it results in one thing - Debt. Many people are so deep in debt that they cannot survive without the assistance of debt management experts.. This is where Debt Management comes in. Debt management companies have become one of the fastest growing businesses in recent years. These c...
A lot of people think that there is no way of stopping repossession once it has started its course. Well, that is not entirely true. There are a lot of steps you can take to stop the process of repossession or at least alleviate some of the devastating effects of it. Below are some steps that you can take in order to stop repossession of your home, car or any item for that matter.
Talk to Your Lender
Slipping up and...
Are you looking for a way to get out of debt? Perhaps you find yourself on the brink of filing for bankruptcy, but still you hold on to hope that there might be another option besides filing the big 'B' word. Well, you are right and it's called IVA or Individual Voluntary Arrangement. It is considered by many people as the wisest thing you can do in times of dire financial debt. It may still affect your credit rating...
Debts are always a cause of worry. Everyone wants to be free of debts but life is mostly unpredictable and you may anytime come across a situation where your debts instead of getting eliminated, starts soaring. In such awkward situations, debt management comes into picture. In simple words it is a plan devised to repay your debts as soon as possible. According to surveys, 92% of the monthly installment is paid as int...
As the holiday season approaches, the temptation to book their dream break sends millions of Brits into debt, according to new research. A study from CreditExpert.co.uk has revealed that 12 million Brits go into the red paying for expensive holidays. Of those surveyed, six per cent admitted that they end up in debt every time they go on holiday, while 27 per cent said they rack up debt by paying on credit. Almost a f...
You open the post and there among the bills and the junk mail is a letter from a debt-recovery firm claiming you owe them money. After the initial panic, you realise it's not you they want - but your problems may not be over. With collection agencies currently chasing £21bn of debt, being contacted about someone else's borrowing is becoming more common.
Lenders often don't have the time or resources to chase p...
Prior to the "credit crunch" falling interest rates coupled with a buoyant housing market caused many borrowers to live beyond their means, borrowing excessively and leaving British banks dependent on wholesale credit markets to the tune of more than £600 billion. The credit crunch, which started with problems in the U.S. sub-prime mortgage market in August 2007 has however, caused a major downturn in the U.K. ...
Figures from the Council of Mortgage Lenders (CML) suggest that mortgagors around the UK are finding it harder to manage their debts. At the end of June 2008, 1.33% of mortgages were at least three months in arrears; three months later, this figure had risen to 1.44%. Figures for the final three months of 2008 aren't available yet, but the basic fact is simple: people miss payments when they don't have enough money ...
Modern life depends on our ability to borrow - but what we think contributes to that crucial credit rating and what actually matters are two very different things, as new research shows.
With personal debt in the UK hitting an all-time high of £1.3 trillion, it's more important than ever to understand the factors that affect our ability to borrow - and how to manage credit sensibly.
Unfortunately, half of us ...
Christmas should be an exciting time of year. But many people dread it as they worry about the money they are spending. Year in, year out, thousands of people give in to the pressures of spending and run up huge amounts of debt throughout the festive season. So what can we do to avoid getting into debt over Christmas? Our advice is to plan, prepare and budget - and here are a few tips to help manage your money ahe...
Surviving the UK recession will be easier if people face up to any financial issues before they get out of control.
An array of information is available through the our website and various groups offer help for struggling householders.
Here is a guide to some of that advice and information.
SAFE SAVINGS
The banking crisis has brought the safety of savings into sharp focus, especially after the Northern Rock rescue...
