You know that feeling when you go to do something at your bank and feel like you’re being rude for asking them? The clerks don’t know who you are and for the most part don’t really care. Well there is an alternative type of bank out there. This is called a credit union and you […]

These days everyone buys on credit. Britain’s love affair with credit cards has driving so many of us into deep debt over the past decade. So if you are thinking of getting a new credit card it is important to choose the right one for you since there are so many options available. You have […]

Almost 37 per cent of 18 to 24-year-olds expect to apply for a mortgage in the next three years, according to home loan broker mform.co.uk.
Michael Coogan, director general of the Council of Mortgage Lenders (CML), warned:
‘For anyone wanting to get a foot on the property ladder or move house, each month affordability is becoming worse.
‘The […]

Imagine you’re thinking of buying a new TV but you just don’t have the cash immediately available. What are your options? One is to not bother buying the TV, another is to get a cheap radio instead, or you could always borrow some money.
When you approach a lender they want to find out a little […]

In May, it was reported that 2007 could go down as the worst ever year for Britain’s ‘debt crisis’.  A record, 30,075 people went bankrupt or signed Individual Voluntary Arrangements (IVA) between January and March in as they found themselves unable to repay mortgages and loans.
It reaffirmed predictions that 2007 will surpass last year’s record […]

According to research by Apac, Britons have spent more using debit cards than cash last year, with cheques becoming almost obsolete as plastic gains ground.  With the updated technology and convenience that plastic cards offer many people are now turning to debit cards instead of cash.
One can argue why cards are better than cash.  For […]

According to new research many young homeowners are now taking out hefty mortgages without the benefit of payment protection, which may be a high risk for some.  The survey found that around fifteen percent of adults under 35 were willing to borrow more than four times the amount of their annual salary for a home […]

The total personal debt in the UK is £100 billion more than the population realise.  Market analyst Mintel said people are “burying their heads in the sand” when it comes to debt.  Individuals owe double on credit cards, loans and overdrafts as they thought they did.
The average person believes they owe £5,251 in unsecured debt. […]