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

Recently released figures have shown that an increased number of people could be facing bankruptcy, with a rise in the number of people facing bankruptcy having already risen in the third quarter of the year. The figures show that there was a 7 percent increase in the number of people facing bankruptcy during the third quarter of the year, reflecting the effect of the global financial crisis on many household struggling to keep up with their financial obligations. Read the rest of this entry

Over recent months credit conditions in the UK have become tighter and tighter, and this has all stemmed from the global credit crunch, which took a hold in the UK last summer and has been wreaking havoc in the financial markets ever since. With so many people now unable to get finance as easily as they could before it is little surprise that so many have turned to alternatives such as payday loans and doorstep lenders, and the increasing number of people turning to lenders such as these has been reflected in the rise in business that some of these lenders have enjoyed. Read the rest of this entry

You may be wondering what are the best savings strategies for the new year. Often, consumers have the desire to save money and stay clear of debt, but they might not know exactly how to go about doing it. With some advanced planning, you can put into place a savings strategy in 2008 which will really help you meet your financial goals. Read the rest of this entry

Financial experts are offering consumers some sage words of wisdom for 2008. One key message: Put some thought into the next credit card offer you agree to accept.

Experts in the field note that selecting a credit card can be nearly as crucial as choosing the right mortgage. In order to get the most out of your credit card, you need one that fits well into your financial lifestyle. Read the rest of this entry

Basically, there are three main categories of debt in which lie six different types. These three categories constitute the whole of the United States’ consumer debt. Within this bewildering realm, it is easy to get lost among the complexities of how debt is reckoned by different creditors. It is very easy for those unfamiliar with even the essentials to be mired technical terminology and legal matters. How can you make it easier on yourself? If you start by learning about the three major categories of debt, you can then build of this foundation to gain specific knowledge in other areas of debt. Read the rest of this entry