Based on a new study, millions of people have chosen to remunerate their debts rather than open a savings account or apply for more loans. Most of these debts are unsecured loans in the form of personal loans and credit cards which considerable figures of individuals have incurred before the economic slump hit. Regardless of [...]

The HUD housing program is a very important social program that helps people rent subsidized housing. Many people living in poverty are unable to pay rent for regular housing and must turn to HUD for help.

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 [...]

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 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 [...]

Figures just released show that the average Briton is now £33,000 in debt, a figure almost twice as much as it was in 2000, when the average Briton then owed £17,000. The bulk of the increase in debt comes mostly from spiralling house prices and the resultant large increase in mortgages. Many experts are now [...]

It has been revealed that mortgage lending in the month of January fell by 12% and confirms reports that there has been a slowdown in the house sector. The total value of mortgages granted in the month of February fell to £29.96bn, which is more that £4bn less than January. The figures which were released [...]

As homebuyers face a market with soaring house prices as well as increased mortgage prices is it worth forgetting about purchasing a house and opting to rent a home instead? The average house price is currently close to £200,000, base interest rates are at 5.25% and banks are turning away borrowers in droves. With these [...]

The average Briton owes £33,000 in debt, this is almost twice as much as debt was only seven years ago when the average amount of debt was £17,000. The large rise in debt is mainly a direct result of increases in house prices in the past decade and things are expected to get even worse [...]