New homes are smaller than ever, new research from the Office for National Statistics states.  New homebuyers who demand two-bedroom properties rather than four-bedroom homes are feeding the trend.
The number of two-bedroom homes rose from 25 per cent to 45 per cent in the last four years. This may be partially due to the fact […]

Personal loans can be used for a variety of reasons, some are used to purchase a new car, others use it to help pay for wedding costs, or as a way to consolidate and pay off debt.  Whatever the reason may be, many people often wonder how much they should borrow and over how long […]

Consumer debt is causing serious concern in the financial community.  Debt has been a constant concern for many years, with the number of bad debts hitting record levels within the last six months, and consumers in both the single and household groups finding it harder to keep up with repayments.
The problem is not the levels […]

Lowering your credit card interest rate can save you a lot of money, and help you reduce your debt a lot faster.  Whether you are searching for a new credit card with a lower interest rate, or looking to reduce the rate on your current credit card, you will first want to do some research […]

Filling out a credit card application online can be an extremely useful and quick way to getting a credit card.  By applying online you can choose from a number of credit cards, instead of having a limited choice on offers received in the post.  The Internet is possibly the best way to compare and choose […]

Understanding how to manage your personal finances will help you build a secure and comfortable financial future for you and your family.  This includes knowing where you currently stand financially.  You will need to know what your expenses are, what debts - eg personal loans, overdrafts, store cards - you are currently holding, your regular […]

Bankruptcy is a serious matter but even if you are deeply in debt it doesn’t mean you have to declare yourself bankrupt. Bankruptcy is a way of freeing you from debts you cannot pay so that you can make a fresh start with some restrictions. It will almost certainly involve the closure of any business […]

The individual voluntary arrangements (IVAs) are falling recently, according to PricewaterhouseCoopers (PwC).  The firm has seen a steady decrease in the last four months.
Pat Boyden, insolvency specialist at PwC, said: “Our indications are that month on month IVA numbers have been falling gradually.”  Mr Boyden believes that the reason for fewer IVAs is attributed to […]

It is a sad fact that many people each year end up insolvent.  These people end up neck-deep in debt with no choice but to file for bankruptcy and end up liquidating all their assets to repay their creditors.  If you have no option but to claim bankruptcy, your financial life is not over.  Bankruptcy […]

Many people start off by taking on a few debts, especially young people who buy things on credit to establish a credit history, which will later enable them to purchase their first home or car.  However starting off with just a little debt may gradually increase to larger debts that may be hard to manage.  […]