January has always been a fairly depressing time for many individuals. Christmas is over, the weather is cold and wet, everybody is back to work with no prospect of another holiday until Easter and all the credit card and personal loan bills are landing on the doormat.
This week has officially been described as the most [...]
Last year was particularly difficult for many borrowers in the UK, with high inflation and low wages growth or unemployment placing increasing pressure on household finances, often leading to arrears and defaults on a home owner loan or mortgage, personal loan or credit card debts.
The bad news is that financial experts and trade bodies are [...]
It has become a fairly well known fact that a large proportion of the UK population are struggling with their personal loan and credit card debts due to the current economic conditions in the country at the moment, but the full scale of this problem is perhaps not fully appreciated by many.
According to new research [...]
With the economic situation in the UK particularly difficult at the moment, many individuals across the country are finding it hard to make ends meet financially, with a growing number of people falling behind in their personal loan and other debt repayments, leading to insolvency proceedings against them.
The latest figures from the Government have revealed [...]
With Christmas just around the corner, many people will now be fully organised, with all their shopping complete and plans for the big day in place, whilst others will still be running around at the last minute trying to find those last few presents.
One additional problem for many individuals this year particularly, is that of [...]
There have been growing problems with personal debt on things like personal loans, credit cards and home owner loans across the whole of the UK for some time now and the problem shows no signs of going away at any time soon, as more and more individuals struggle with their loan debts in these tough [...]
When a borrower falls behind with their repayments on a personal loan, credit card or other credit agreement, it is usually the loan company or card provider who provided the credit who contacts the borrower about repaying their loan debt.
If the situation becomes worse and the level of loan arrears increases, or the loan defaults, [...]
