08th December 2008
The credit crunch has affected many lenders, banks and credit card companies as well as the everyday person. The value of debt of the already indebted has increased, and borrowing has become quite expensive for those who are trying to obtain new loans for...
06th December 2008
In the last twelve months, debt has increased by 10% and the debt figure has gone up to £1.15 trillion. In the past few months, people have been borrowing from banks and now with inflation and the credit crunch, it has become difficult for people to pay ...
04th December 2008
The credit crunch is affecting people in multiple ways, and it is not only the borrowing that has become difficult. The major affect of the credit crunch has presented in the form of decreased lending with the banks not willing to give out money. Another ...
02nd December 2008
Your credit rating, or your credit score, is like a report card - only the subjects are your finances and your dog cannot just eat it up. It also tends to stick with you for a long time. It is basically the ‘credit worthiness’ of a person, a business,...
01st December 2008
There are some factors that really affect how your personal world operates. One of these things is your finances. In your personal financing world, there are some rules that are best followed. The most basic rules are that you should not spend more than w...
21st October 2008
For many of us, attending university is a dream. Away from home for the first time, it is a chance for young adults to spread their wings and live completely the way they choose - a true taste of independence. The government hands students a loan at a rat...
17th October 2008
The current number of people unemployed in the U.K. stands at 1.79 million, increasing from 1.72 million in July 2008. The Unemployment rate stands now at 5.75%, the highest level of unemployment since in 1991 amidst the U.K.’s last economic recession d...
17th October 2008
In 2006 the U.K. was enjoying an economic boom – our economic growth rate outstretching inflation by a strong margin - with further growth predicted. Consumer inflation stood at the 2% mark, wavering to 2.2% towards the end of the year, while our annual...
15th October 2008
It is a mark of our times that we are consistently reminded of the importance of good debt management practice. The U.K. already has the worst personal debt record in Europe and the increasing menace of the credit crunch only looks like making our persona...
15th October 2008
In the current economic climate, it is easy to read the newspapers or watch bulletins warning us over further economic crises and let ourselves be overwhelmed by the sense of hopelessness. This is especially the case when suffering from personal debt mana...
15th October 2008
Whenever you need some extra disposable income - be it for gifts at Christmas, extra groceries or a lavish break that you just cannot do without - they seem like a good idea at the time. However, credit or store cards are dangerous if you do not use them ...
15th October 2008
The United States Federal Reserve Bank has just offered an $85billion emergency loan to AIG, while Arnold Schwarzenegger asked the same Reserve for a $7bn loan to make up a shortfall in taxes. With the world economies linked so intricately it is a questio...
15th October 2008
Inflation is worsening. Many of us are struggling with debt management as it is, with mortgages, finance deals, utility bills, loans, credited cards and overdrafts to contend with. The news that Britain is suffering from negative interest rates for the fi...
15th October 2008
It is a mark of our times that we are consistently reminded of the importance of good debt management practice. The U.K. already has the worst personal debt record in Europe and the increasing menace of the credit crunch only looks like making our persona...
15th October 2008
Despite the escalation in reports in the press and online of warnings of looming economic crisis, it appears that few of us are in a strong position to weather the storm. More and more people are turning to debt management companies, as they are incapable...
