Something worth reading this month is the debt statistics by Credit Action. At the end of July 2006 the total UK personal debt was around 1237 billion GBP. This is an increase of 105 billion pounds over the past 1 year, an increase of 10.5 %. The total...
Tag - debt
Are you caught in a debt trap? Don't worry as there are several ways in which you could eliminate your personal debt. First of all one should fix a monthly amount, secondly pay minimum amounts and thirdly deposit extra money towards the debt which...
You have married the sweetheart of your life and hopefully had a wonderful honeymoon. After all these celebrations the time comes when you both have to settle down in your day to day life and also manage your finances efficiently.
Here is some advice...
I am stating below a problem which most of us would associate with.
Your debts are mounting and it is becoming difficult for you make your ends meet. You feel stressed out regarding the payments to be made or the amount charged to your credit card....
Being in debt is a vicious trap, once caught into it you would be struggling entire life coming out of it. The mantra to be followed is just stay within the limits of available means. Though sometime it becomes very difficult as situation goes out of...
Debt is a perennial trap, once anyone goes in; it's very difficult to get out of it. But it does not mean that anyone should lay arms in front of it. Every one should face the rough time courageously and brave it through.
To get out of this trap you...
Amazed? Yes even the UK knows how to save, except for the fact that it seldom uses the savings strategies it has devised on its own. Anne Young, savings expert from Scottish Widows says: Our research shows that people do have some very good tips on good...
Iona Minton gives the students few tips to the students so that they can study peacefully instead of getting caught between high interest rates and refinancing loan. The tips include getting a interest free loan and paying it monthly while studying,...
A National Retail Federation's (NRF) 2006 Tax Returns Consumer Intentions and Actions Survey, conducted by BIGresearch showed a wonderful sign of change, where 43.8 percent of young adults will be spending their tax refunds on savings rather than on...
The next time you go for a credit card or get into an issue with a credit card company make it a point to buy the new E-book "Balance Transfer Magic" by Lawrence D.Goldberg, published by No Free Lunch Distributors. This book provides practical...
A recent survey shows that 34 percent of the Britons plan to pay for their holidays through their credit cards and most of them are still clearing the debt on Christmas gifts. The report also shows the result in form of bankruptcy, which has risen to...
Brits spend most of their money eating a main meal of the day 365days a year. I hope you can imagine the amount of debt that they pile up. The Market analysts in the Datamonitor survey show that 944 Brits eat a main meal out average of 365.2 per year. As...
As per South African law a person cannot be blacklisted after his debt expires. As per Stephan Logan of Logan Attorneys: Unless the creditor obtained judgement within the three years before expiry, the creditor has no legal claim to the debt. In most of...
A recent report by ClearDebt, a Company that provides debt-free solutions: Income-to-debt ratio of 12,000 borrowers across the country and found that more than 60 per cent of those in severe financial difficulty are under 35.
The debt counselors give...
Harvey Zimmermann of NT's accounting faculty, college advises the students on being judicious with the use of credit card in order to avoid a rolling debt. As per Harvey Zimmermann: The important thing is to treat it carefully. You don't want to be...
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