Remortgages May Cause Negative Equity
New research from a nationwide survey on the mortgage market reveals that UK mortgage borrowers may be in for a rough period. There are fears that higher repayments and declining financial options may become the norm. Especially to one third of the UK population who have become key targets of their lenders and who are… Continue reading..
Is Your Status Ruining You Financially?
Over a third of Britons (36%) admit that appearances matter greatly and judge people based on what they wear, leading many of us to feel under pressure to overindulge in expensive purchases. We want our friends to think that we have a comfortable lifestyle, and the UK credit crisis does not seem to be a… Continue reading..
‘Immoral’ Debt Has Archbishop Worried
Immoral lending practices are getting the blame for the current mortgage crisis that is affecting the international financial system. The Archbishop of Wales spoke at a celebration that led up the Easter weekend, and he noted, “What’s immoral is encouraging people to borrow more money than they can reasonably afford. They are the first people… Continue reading..
Crunch Time for Mortgage Products
A recent study attempted to find out how many mortgage products there are. The findings surprised some as there are fewer deals around. The credit crunch does not bode well for mortgage products, 10,000 of which have been withdrawn. Last summer’s offerings included 15,000 products, but the study revealed that there are now only 5,000…. Continue reading..
Unpaid Mortgages on the Rise
A big percentage of mortgage holders, worried over meeting their repayments, still do not have any concrete plans on how to deal with this. It was a relatively small survey; the FSA has record of only about 573 people who were willing to give answers on their respective mortgages. The FSA is concerned about this… Continue reading..
Want to Settle Your Debt? Know Your Options..
There aren’t many of us who would like to add more debt onto our plates. Debt is not exactly a big commodity. No one wants unaffordable amounts of debt. It is not uncommon for many consumers to have a very low credit score. Many have a credit score of under 620 and this has a… Continue reading..
Debt management allows you to get on with your life
The second quarter of 2008 has seen more than 25 000 bankruptcies in England and Wales. There is good news, too: the second quarter of 2008 (April – June) had fewer bankruptcies than the first – by two percent. It is an even better year than 2007; bankruptcies are down by 8.3 percent from the… Continue reading..
How to avoid personal bankruptcy
There are many aspects to bankruptcy, some of which may be overlooked by consumers. Having a debt problem worsen is not in anyone’s best long-term interest. Most people may want to avoid a bankruptcy by using a different debt solution. And no matter what your debt situation looks like, consider the following: regardless of whether… Continue reading..
More bankruptcy notices due to debtors this year
No sector is safe from bankruptcies. Many businesses are affected by it, and this is a nationwide trend. Some litigation agencies, especially those that deal with commercial clients, have noted a 40 per cent increase in the amount of bankruptcies. And all of this in just the past three months. If you are running a… Continue reading..
Get the Most Out of Your Grocery Shopping for Less!
There are many ways one can reduce a grocery bill: you could stay away from the grocery store when you’re hallucinating with hunger; you could use coupons on double coupons day and you could decide you will only buy those items you really need. These are all excellent tips and we should really use… Continue reading..
Reduce Your Debt Today! Here’s How.
Nobody is very interested in being debt-riddled. There are other, far more enjoyable ways to spend life, and none of these includes receiving phone calls from dodgy debt collectors. More people are moving away from using their credit cards, which could be linked to the pinch we are all feeling. So you’re not the only… Continue reading..
How to Double Your Home Equity
Are you struggling to pay your mortgage? Are you battling to finance your dream home? Well, what you may need to consider is taking out an equity loan. But what is an equity loan and how will it help you? Equity loans were developed to help you pay off your mortgage. Banks will offer lower… Continue reading..
10 Tips for Debt Free Living
Debt freedom is something everybody wants to achieve, but how to get there is another question altogether. In order to reach financial freedom one has to completely change the way we think about money and the way we manage it. This is not to say you have to give up on life’s little luxuries, but… Continue reading..