Not Every Solution Is The Right One

In today’s financial markets, consumer debt is mounting at a staggering rate. This is leaving many reeling with desperation and the accumulation of more and more bills. With mortgage payments, car notes, unexpected emergencies, and just the simple day to day living expenses, consumers are finding that what they make can not cover what they owe.

This imbalance leads to debt and that debt can lead to a whole slew of unwanted results. In an effort to restore balance, many consumers are looking for solutions anywhere they find and often times, what they find is not the right or even smartest solution available. [Read more]

Insolvency figures show unexpected fall

According to a recent report there has been an unexpected fall in insolvency figures in the second quarter of this year, with officials stating that consumers appear to be getting far more cautious over their spending and borrowing in light of the global credit crunch and the current difficult financial conditions and rising costs that most are experiencing. The first quarter of this year saw a rise in insolvency levels for the first time in years, and this was a trend that many thought would continue. [Read more]

Many Brits will retire owing money

A recent report has shown how many Brits will retire whilst still owing a fair amount of money, and the data suggested that collectively Brits could retire with collective debts of around £66 billion. For the many that hoped their retirement would involve relaxing, seeing the world, spending time with loved ones, and not worrying about work or money this news comes as a blow, and reflects a worrying trend amongst those that are nearing retirement age. [Read more]

Can you avoid wasting food and money?

Over the past week or two the Prime Minister, Gordon Brown, has been urging consumers to stop wasting money on food that they do not need, stating that millions of households are wasting a huge amount of food each week by buying things that they do not need and then disposing of them. According to a recent report the average household in the UK throws away around £8 worth of food every week, and according to Gordon Brown the tonnes of food that is being binned by consumers is adding to the rising inflation on food products. [Read more]

Is recession looming for the UK?

Amongst the terms that have been banded around the financial news over recent months are ‘global credit crunch’ and ‘recession’ and according to one recent report the nation could already be on the brink of recession, with industry officials sending out stark messages to government officials relating to the economic downturn and the crisis that is facing the country. [Read more]