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, [...]
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 [...]
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 [...]
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 [...]
