Debt Articles and Information
Below you will find articles and information relating to credit and debt. Read from the many available or if you have an article you feel would be of interest to our visitors, please feel free to contact us.
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In the current economic climate, household and personal debt pressures can be overwhelming. Credit Action reports show that average household debts (including mortgages) add up to £53,786, a sum which the majority of people are able to repay. However, those in serious financial difficulty can find themselves unable to stay on top of debt repayments [...]
Getting into debt is something that is all too easy to do. With the easy availability of store credit and credit cards people can soon end up spending more than they can afford. The trouble is that if you fail to make the minimum monthly payments, your debts begin to spiral out of control as [...]
Times continue to be tough in the UK. Austerity measures introduced by the government are continuing to bite, there are no end of problems with the Euro and it’s members, unemployment is high and to top it all of it’s rapidly approaching Christmas… the most expensive time of year! With all these problems, it’s no [...]
Financial solutions company Think Money has welcomed new figures from the Accountant in Bankruptcy (AiB) which show a fall in the number of insolvencies in the second quarter of the financial year. The company said that this could reflect improving fortunes for borrowers, but added that the figures should also come as a reminder that [...]
If you have debts that you simply can’t afford to repay, one option is an IVA (Individual Voluntary Arrangement). This is a formal agreement with your lenders in which you’ll repay as much of your debts as possible for an agreed period of time, after which your remaining debt will be written off. Your payments [...]
We all like to think that we’re good with money and a new survey from CreditExpert, the online credit monitoring and identity fraud protection service from Experian, shows that 96 per cent of us believe we’re up to speed on our current financial position. No interest in interest The survey shows: • 66 per cent [...]
Modern life depends on our ability to borrow – but what we think contributes to that crucial credit rating and what actually matters are two very different things, as new research from CreditExpert, the credit monitoring and identity fraud protection service from Experian, shows. With personal debt in the UK hitting an all-time high of [...]
Over-spending and high borrowings can be a big problem, as the latest Personal Credit Index survey from CreditExpert.co.uk recently found. Around 25 per cent of couples argue about finances and one in 20 split up after rows about money. Jim Hodgkins, managing director of CreditExpert.co.uk answers some of the most common financial worries. I owe [...]
Lenders use credit scores to assess the risk that you will not repay what you owe. A credit score is a mathematical calculation based on information from two main sources your credit report and your application. Each piece of information is allocated a value and each lender uses its own formula to calculate a number [...]
An Individual Voluntary Arrangement (IVA) is one of many solutions for people who are in debt and are struggling to make payments. If you’re at the point where you owe so much money that you are struggling to pay even the interest on them, then an IVA is a solution that you may want to [...]
A credit rating affects many things we do – buying a house or car, applying for a loan or a credit card. Unfortunately, many people don’t understand how their credit rating is determined – and many people don’t bother to check it regularly for accuracy. If you are applying for any kind of loan, you [...]
Stop searching for secured debt consolidation loans. As licensed credit brokers, we have access to hundreds of different debt consolidation loan plans from many of the top lenders and can match the right loan with individual circumstances. Click to find out more about: Secured Debt Consolidation Loans available through creditmarket.co.uk Secured loans are a popular [...]
For someone that has never had credit before or has had credit difficulties in the past, obtaining credit anew could prove tricky. So the thought of being able to build or rebuild their credit rating with further credit could seem like a bit of a catch 22 situation. One of the most important factors that [...]
If you are in financial difficulties due to debt or have built up a variety of debts over time, a debt consolidation loan may be for you. But before you take that route, you should consider all the options. However you got into debt – unexpected financial difficulties, illness, loss of providing member of the [...]
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