As a nation, the average individual living in the UK at the moment has the highest level of personal debt on personal loans, credit and store cards and overdrafts, than they have ever had at any other time in the history of the country and the levels seem to be growing at an alarming rate.
Whilst [...]
Ever since it has been possible to take out a loan, or borrow money, people have been getting into difficulty with their financial situation.
In past times, this was particularly socially unacceptable and those who could not afford to repay their loans and other debts were thrown in the debtor’s prison. If this were still the [...]
The effects of the recent credit crunch have had a significant effect on the day to day finances of many individuals in the UK.
Many people who were previously unconcerned about their financial situation and were quite happily managing their personal loans, credit cards and mortgage or homeowner loan, along with all their other regular household [...]
Most of the population of the UK have been in debt at some time or other in their lives, even if they currently don’t have any commitments outstanding. Whether it is in the form of a mortgage or homeowner loan to buy their house, a personal loan to buy things such as a new car, [...]
The credit crunch has been with us in the UK for over a year now and, even though a lot of people tried to deny that it existed and was just a term invented by the media.
Whilst other individuals claim that they have not been affected by the slow down in the economy, a large [...]
