Archives for 18 May 2007
Talking about our generation
The UK’s population are profoundly undereducated when it comes to looking after their finances; this is more prevalent among the younger generation. Under-30s are particularly exposed to financial difficulties in the future, their lack of forward planning will be disastrous if we see a downturn in economic growth.
A study released by the FSA has revealed […]
Taking the plunge
The current economy of the country can be terribly misleading for most people this day and age, you look at it one way and it all seems a smooth, steady progress in which Britain seems to be flourishing, and then on the other hand you hear the papers talking of a horrifying rollercoaster which will […]
Sharp increases in credit card spending
Britain and its consumer’s love affair with the credit card appears to be once again on the increase. Official figures from last month report a steep increase in spending. This will have a knock on effect as the Bank of England will be less likely too cut interest rates.
The bank reported that credit card debt […]
Get more from your Remortgage
Remortgaging is the process of moving your mortgage from one lender to another, or choosing a different type of mortgage from your current lender. In short, a remortgage is simply about the saving of money.
If the value of your home has risen, then remortgaging may be of particular relevance to you. At The Debt Line, […]
Easy credit equals bankruptcy rise
With more people having access to credit and less stringent bankruptcy laws the number of people declaring themselves insolvent has increased massively.
Official figures reveal that personal bankruptcies surged almost 40% in the last three months of 2005 compared to the same period the year before. The number of Individual Voluntary Arrangements (IVAs) has more then […]
Drowning in debt?
For most of us, being in some kind of debt is just simply a fact of life. Today everyone can see that there is a clear picture when it comes to the subject of national debt. Credit cards, overdrafts, personal loans and mortgages are becoming increasingly easy to get and not surprisingly, more and more […]
CCJ’s filling the court rooms
For the first time in 14 years the amount of County Court Judgments in England and Wales has increased. Through the Nineties the numbers of CCJs fell as economy improved, but now with attitudes towards debt changing, numbers are increasing again.
In 2005 the number of people being brought before the judge for bad debts rose […]
Bitten By Bankruptcy?
Research at The Debt Line has shown that up to 1 million people are on the verge of declaring themselves bankrupt as they struggle to cope with thousands of pounds worth of debt.
Bankruptcy is an option that often has to be considered when an individual cannot pay their debts as they fall due. A first […]
Am I Credit Worthy?
There are rules and regulations for everything and getting credit is included. No one has an automatic right to credit, but some people do get refused on the basis of bad credit rating. However, there are ways to tackle this problem and find out if you are credit worthy or not. Suspicion about the state […]
All doom and gloom?
Every day a new report on how, ‘debt is crippling Britons’ graces the headlines of our much respected financial newspapers, agreed it is very worrying to hear stories of graduates entering the employment market with £20,000 of loans and huge credit card bills looming over them, and this is them just getting by!
This is, however, […]