Accumulating a collectively large amount of debt towards several creditors warrants better management such as through consolidation with an unsecured loan. Various situations can lead to being heavily indebted, way beyond one’s means to make regular payments as obliged. Whether it be coming out of an expensive divorce, failure in an investment or sudden unemployment, [...]

Coming to a point in which your circumstances include having more debt than can be paid off may encourage a feeling of hopelessness or the expectation to be identified with poor financial credibility for years to come. Consider however, that such negativity is actually unwarranted as there are, in fact, ways to get yourself out [...]

If you’re looking for the best loan rate today, don’t be so sure that the old dictat of “borrow more, pay less [interest]” will hold up. Many lenders have turned the tables and made middle ground their favourite sum. Yes, that’s right. If you want to borrow £1000 on a personal loan over five years [...]

Figures out yesterday show that whilst IVAs as a debt solution are as popular in ever, there has been a fall in the number of successful applications. According to the figures released by the Insolvency Service, the number of successful IVA applications has actually fallen, despite high demand from debtors. Terry Balfour of IVA comparison [...]

Debt charities have called for a review of payday loan lenders, claiming that they need tighter security and more regulation. Those working with the severely indebted have reported concerns that too many borrowers are looking for alternative methods of borrowing when traditional sources fail and claim that this worsens their debt situation. Beccy Boden Wilks [...]

It has been found that consumers are starting to lose their appetite for unsecured borrowing whether it is through unsecured loans or through credit cards. The findings were reported by the British Bankers Association which also found that total secured lending was also down 30.3% last month when compared to the same period last year. [...]

It has been revealed that millions of low-income families are turning to doorstep lenders in order to shore up their debt, with some rates as high as 200%. The report which was published by Save the Children has revealed that as many as 2.3 million borrowers are taking out unsecured loans provided by door to [...]

The global credit crunch that financial institutions are currently suffering is partly a result of the collapse of the sub-prime mortgage sector in the US. This situation has led to massive losses for many financial institutions. Repossessions in the UK could hit as much as 70,000 in the coming year, which will be the highest [...]

£50m has been paid out by us in missed payment fines in the first half of this year. This is despite the fact that many card companies have dramatically cut their penalty charges. It is estimated that roughly 4.1m monthly card payments were missed since the beginning of the year coming to a combined total [...]

According to one of the UK’s leading economists the housing market is on the verge of a record slump and prices are going to drop by a further 10%. The predictions comes form Morgan Stanley’s chief UK economist, David Miles and would signal the largest full year decline in house prices since records began back [...]