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 [...]
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 [...]
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 [...]
It would appear that since the effects of the credit crunch are finally being felt by the majority of the UK population and with the prospect of a looming recession to look forward to, the penny has eventually dropped for many individuals with personal loans and credit card debt, as they begin to make a [...]
Over the course of the past few years, many individuals in the UK have built up a significant level of personal debt through things such as credit cards, personal loans and other finance agreements.
This can be extremely expensive on the regular monthly repayments and difficult to manage all the separate payments throughout the month. As [...]
Since the beginning of the credit crunch and the subsequent slow down in the UK economy, there has been a lot of concern over the plight and financial problems being faced by many home owners, many of whom have built up large debts over the years through their mortgage, other personal loans and credit cards.
But [...]
Since the start of the credit crunch last year, consumers living in the UK have bee advised to batten down the hatches, cut back on unnecessary spending and focus on reducing their levels of debt on loans and credit cards and increase their savings in order to provide for an emergency fund to see them [...]
