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, [...]
At this time of year, many individuals in the UK are thinking about taking out a personal loan or a credit card in order to cover the cost of the festive season. However, many of these borrowers may be disappointed to find that they are rejected for the cheap loan deal they applied for.
If a [...]
It is hard enough these days for someone to be accepted for a new home owner loan, even if they have a perfect credit history and a large deposit to help fund the loan, but in recent years it has been almost impossible for someone with an adverse credit history to find a suitable bad [...]
There has been a significant increase in the number of 18 and 19 year old people who are facing serious debt problems through personal loans and credit cards, just as they are starting out on their adult lives, according to one debt charity.
The Consumer Credit Counselling Service (CCCS) has seen a growing number of 18 [...]
The current economic conditions in the UK have made finances difficult for many people and a growing number of individuals are struggling to stay on top of their loan repayments and other debts, although new figures show that some groups are more vulnerable than others.
The latest figures from the loan debt charity the Consumer Credit [...]
A growing number of employees in the UK are experiencing a freeze in their pay and salaries, as many employers struggle to keep their businesses afloat in the tough economic climate at the moment.
Only around one quarter of employees in the UK have received a pay rise so far this year and many have remained [...]
Borrowers with high levels of debt on personal loans and credit cards often find themselves in financial difficulty and in some cases can be tempted by seemingly attractive offers which claim to help them resolve their loan debt issues.
The consumer group Which? has found that a debt management company has been targeting potential loan customers [...]
