According to economists, Britain is facing a national disaster in the number of young people who are out of work. Almost 20% of those aged 16 to 24 are jobless with about 947,000 unable to find work. Read the rest of this entry

It has been reported that retired people in the UK have thousands of pounds outstanding on credit cards and loans, with the average debt amongst retirees said to be on the increase. Read the rest of this entry

There are many methods of saving money that you can employ in these days of less money and fewer jobs. Take an extra packet of sugar and creamer the next time you go out for coffee and use them at home. If you do this on a regular basis you can save on your groceries by not having to buy as much sugar and milk for your tea or coffee. Read the rest of this entry

According to recent reports there has been a rash of debt firm closures in the UK over the past couple of the years, with the Ministry of Justice said to have closed one hundred companies dealing with injury compensation and debt write offs since 2007. Read the rest of this entry

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

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