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OFT Clamps Down On Loan Debt Purchase Schemes

Debt Consolidation Loans - Wednesday, June 24th, 2009

The Office of Fair Trading (OFT) has issued a warning to consumers and individuals with large debts on personal loans and credit cards regarding companies which are currently offering to buy up people’s debts, or sell their loans on to others.
As many individual’s personal debt levels on personal loans and credit cards continues to increase [...]

Citizens Advice Receiving Increased Debt Enquiries

Debt Consolidation Loans - Friday, June 12th, 2009

As the current recession and general economic slow down continues to takes its toll on many individuals in the UK with homeowner loans, credit cards, personal loans and other debts, a growing number of people are seeking impartial advice on their best course of action to deal with their financial problems.
As a result of this, [...]

Many Consumers Paying Too Much On Their Credit Cards

Debt Consolidation Loans - Wednesday, April 22nd, 2009

The majority of people living in the UK have at least one credit card to their name, usually more and in a large number of cases these cards all have an outstanding balance, on which interest is being charged on a regular basis.
With many people struggling to keep on top of their finances at the [...]

When More Could Be Less

Debt Consolidation Loans - Friday, April 17th, 2009

As the current economic slowdown continues and the UK battles its way through recession, a large number of individuals are feeling the effects in their take home pay, as unemployment continues to rise and employers are applying pay cuts to workers and restricting overtime and bonus payments.
Many individuals are now struggling to keep up with [...]

Northern Rock Offers Loans Again, But At What Cost?

Debt Consolidation Loans - Wednesday, March 4th, 2009

We reported last week that Northern Rock, which was the first bank to be nationalised by the Government, is to start offering new loans to borrowers once more with £14 billion worth of new lending to be made available over the course of the next two years.
However, the recently published annual report for Northern Rock [...]

January Traditionally Busiest Time For Debt Consolidation Loans

Debt Consolidation Loans - Monday, January 26th, 2009

Once the festivities of Christmas have finally passed and the last of the turkey has eventually been eaten, many individuals wake up at the beginning of January with a double hangover, one from the excess of drink, the other one when they receive their bank statements and credit card bills and realise just how much [...]

Personal Debt Levels Hit New High

Debt Consolidation Loans - Wednesday, January 7th, 2009

It seems that whilst everything in the UK appears to be in decline at the moment, there is one area of rapid growth, although this is not necessarily something we should be proud of.
The total level of personal debt in the UK has actually now exceeded GDP growth and is still increasing. Although the rate [...]

 
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