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

A shocking recent report has shown how it could take consumers nearly a whole century to clear as little as £5000 worth of debt on their credit cards with Barclaycard. Read the rest of this entry

It has been reported that there has been a drop in the level of credit card delinquencies in the US, despite the troubled economy and the financial crisis. Read the rest of this entry

According to a recent report tens of thousands of pending claims to cancel consumer debt such as credit cards could be put on hold by the courts, with judges in England and Wales considering this move over claims that have been filed by claims handling firms that have been advertising in the media such as television and print. Read the rest of this entry

The Office of Fair Trading has recently demanded that thirteen debt advice companies be closed down after revealing that they were providing misleading information to consumers. Read the rest of this entry

Several weeks ago a leading forecaster from the City predicted that there was still a very real possibility that Britain could go bust. Read the rest of this entry

A warning has been issued to solicitors over accepting services from firms that claim to be able to write off people’s loans and credit card debts. Read the rest of this entry

At this time of year many people are usually still lumbered with a heap of credit card debt, often on a number of different cards, and this is often as a result of the recent Christmas and New Year period, which for many people involves having to rack up huge levels of debt on their credit cards for things such as food, entertainment, clothes, gifts, travelling, and more. Read the rest of this entry

The Chancellor of the Exchequer, Alistair Darling, has admitted that the recession that has gripped the UK could last as long as two years, stating that the downturn was likely to be far worse that had originally been anticipated. Read the rest of this entry

A report that was recently released by KPMG claims that the number of people that face insolvency over the course of this year could soar to record levels, as the global credit crunch coupled with the recession and huge job losses wreak havoc across the nation. Read the rest of this entry