In times of emergencies, a person is regularly forced to exhaust an amount he/she can’t conventionally give at the moment. Fixing a broken roof, having your car engine fixed, or your loved one getting rushed in the hospital are just some circumstances where you’ll need to spend big cash. For people who earn just a [...]

Debt is now a normal “trend” with a good number of people these days and a few individuals can’t help but think why. It’s not that they don’t know the general cause of these debts but they just can’t figure out how they were able to incur massive debts on their credit cards or loans. [...]

£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 [...]

Banks are desperately trying to weed out bad debts and as a result some borrowers are facing the prospect of having to repay their debts early and suffer pre-emptive cuts in their borrowing. It has become increasingly apparent in recent months that banks have become extremely wary of bad debt and in response to this [...]

It has been revealed that credit card companies are continuing their practice of increasing interest rates on borrowers who have never made a late payment. Some of the worst cases are examples of credit card companies putting up rates on borrowers who have never made a late payment by as much as 100%. That could [...]

With banks and credit card companies tightening their belts when it comes to lending an increasing number of us are finding it more and more difficult to secure credit, however there are a few steps you can take in order to avoid becoming a victim of the credit crunch as well. One of the easiest [...]

Credit card companies have begun to target borrowers who don’t have a blemish on their credit records as they tighten up on credit lending. It has been reported that some credit card companies have begun to impose punishing interest rate rises on borrowers who they believe are on the verge of struggling. Credit card companies’ [...]

Banks have introduced new restrictions on lending to borrowers who they consider to be high risk. Because of these new restrictions it is expected that in the next few months the number of people seeing their home loan application rejected could go through the roof. New figures recently released show that almost a quarter of [...]

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 [...]

With the announcement from HSBC that they will be ending free overdraft accounts for graduates, students across the country are seeking advice on how to clear their overdrafts as well as their credit card debts. Although HSBC is one of the big banks in the country there are other banks that are offering graduate students [...]