Debt
Debts rising amongst the poorest

Debts rising amongst the poorest

January is always a tough month but for the poorest in our Country, this month pushes more into a spiral of debt. For some, it is 5 weeks before payday and this could push those looking to eat into short term loans. In fact, British workers put an average of £252.30 of their Christmas spending onto credit cards ...

Household Debt hits new Peak

Household Debt hits new Peak

£428 Billion, that's the Level of Household debt according to a new report from the TUC. Excluding mortgages, average debt per household rose sharply in 2018 to a new peak of £15,385, up £886 in a year, the research says. The Bank of England says growth in consumer credit has been gradually slowing since the end ...

What to do if your Catalogue debt is not going down

What to do if your Catalogue debt is not going down

It's easily done, you put a few products on to your Catalogue with all the intention of being able to make the repayments each month and eventually before you know it, you owe more than you expected. Some Catalogues will add interest each month where as others will ask you how you want to spread the cost of your order ...

UK lenders could lose £30bn in the next downturn

UK lenders could lose £30bn in the next downturn

UK Lenders could lose £30bn in the next downturn as UK Householders debt levels surge. If there was to be a Sudden Shock to the Financial System such as a crash in house prices there is a good chance of credit defaults, this could send ripples through the financial markets and lenders could lose as much as £30 ...

Missed your Catalogue Payment?

Missed your Catalogue Payment?

Missed Catalogue Payment - What happens now? It happens. Life's busy, Cashflow or a simple oversight. You login to make a payment for your Catalogue and realise your Payment due date has already passed. First, don't panic, there isn't much you can do right now. Go ahead and make the repayment if you can and bring ...

Debt Charities expecting busy January

Debt Charities expecting busy January

debt, debt management, debt charities, debts, personal debt Debt Charities Concerned with Christmas Spending Recovery Period Leading Debt Charities are expecting record levels of calls as Britons recover from their Christmas spending. Personal debts are already at an alarming rate and with Flexible friends being ...

Household debts are spiraling out of control

Household debts are spiraling out of control

out of control debts Official figures show that Household debts have risen to their highest ever level. Indebtedness is growing at the fastest rate since before the credit crunch of 2008, says the Money Charity which compiled the statistics. Uk adults now owe on average £30,000 each. With the average adult ...

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