A number of recent reports have revealed that credit card debt in the UK has been rising, and on a per person basis the level of credit card debt in the UK is said to be over £5000 each. The credit crunch and the recession have both taken their toll on households across the UK over the past couple of years, and this has resulted in many people struggling financially. 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

Did you know that March 25 was Debt Freedom Day? Chances are you missed it. This is the day that Unbiased.com figures that the average working person has now paid the interest on their debts for the year. Read the rest of this entry

Debt in America is growing at an alarming rate and along with it bankruptcies and foreclosures. With more and more of us turning to such bleak ends it is crucial that people with debt know all the options available to them before accepting defeat.

One option is debt consolidation.

Debt consolidation is a popular service that essentially gathers all of your debts into one place with one interest rate and one monthly payment. Those that consolidate their debt benefit from the ease and convenience of having only one payment as opposed to multiple payments. Debt consolidation can be the answer to most of your debt problems but it does present its fair share of problems. Read the rest of this entry

If you are in debt, you are probably trying to find a way out of it. Sometimes, the options seem limited or you may be looking around for a fast fix. Isn’t that why so many people play the lottery? Yet, such an option is really not that practical. The chances are so small of winding a sizeable enough amount to deal with your debt to be practically nonexistent. Other schemes are being pushed out there online and in the media all the time, but how many of them are legitimate? What you need are some practical solutions for alleviating your weighty debt problems. Read the rest of this entry