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 fear, […]

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 mean […]

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 ways […]

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’ look […]

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 […]

David Cameron,  Tory leader, comments on marriage: “Marriage is a great institution, and we should support it. If marriage rates went up, if divorce rates came down - if more couples stayed together for longer, would our society be better off? My answer is yes,” he told the last Tory conference.
Mr Cameron promised to support […]

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 interest-free […]

With rising interest rates and mounting personal debt, court debt judgements are now at their highest level in ten years.  In just the first three months of this year, 250,000 County Court Judgements were issued and it is estimated that one million County Court Judgements will be issued by the end of the year.
County Court […]

One of the biggest personal debt addictions is online gambling. Within minutes of logging on, a victim is rapidly losing money. As hours pass – days sometimes – the money people squander become mere numbers on the screen: they have no meaning, no reference in the real world.
After a while the urge to carry on […]

Figures have shown that more than a million Britons have been rejected when they have applied for an unsecured loan.  These figures from MoneyExpert.com show that since September around 1.3 million people have been refused access to unsecured credit.  These rejects can potentially affect their credit scores and make it harder for them to access […]