Consumers in the UK have been advised to budget properly to ensure that they manage their credit card debt effectively. A leading debt advisor has been offering tips and advice on how best to budget to ensure that consumers can make effective repayments on their credit card debts, Read the rest of this entry

It has been claimed that the recession in the UK is being made worse by the rising level of credit card defaults that have been seen recently. According to reports families are being forced into a very difficult financial situation, with tens of thousands of families being affected by the high level of credit card defaults. Read the rest of this entry

Just a couple of years ago the crippling base interest rate in the UK meant that many homeowners were unable to keep on top of sky high mortgage repayments, and many others had to default on other unsecured debts in order to ensure that they could keep on top of their mortgage repayments and avoid losing their homes. Read the rest of this entry

As a result of the increased take up of charging orders by lenders more and more people may be forced to sell their homes even to pay unsecured debts such as credit cards and loans. Read the rest of this entry