Contrary to what many people think, debt is not a dirty word and many people will get into debt at some point in their life. And though many may not like to admit it, any form of credit constitutes a debt. So whether you have borrowed money to buy anything from a halogen oven to a new house then you will have been in debt at some point.
Debt only becomes a problem when you can no longer comfortably keep up with your repayments and if you find that you are in this position you need to address the problem right away. Don't do what a couple of rabbits round here did the other week and disappear underground, it'll only make the problem worse!
So read my debt pages for ideas on how you can get yourself out of debt, get help via a debt management or whether an IVA or even bankruptcy could be the answer.
It may be hard to imagine that you would not notice debt building up, but actually it can be quite difficult to spot sometimes. Some people choose to ignore debt, but not everyone does. Obviously if you do not check bank balances and things, you can find that you get overdrawn without noticing, but there are other ways that debt can build up without you noticing, even if you do keep an eye on things.Read More
Whilst most of us might like to take advantage of cheap, quick and easyRead More
It’s often said that money makes the world go round, but what is not mentioned so often – probably because it’s quite as catchy – is that credit history is what makes the money go round. And if you’ve a poor credit history then you’ll know all to well that credit can be all too hard to come by.Read More
Applying for a major lending product is a process that most people find to be extremely stressful, largely due to the uncertainty that surrounds both the actual approve of the application and the interest rate that will come along with that approval.Read More
The level of personal debt in the UK is rising year on year, with latest Credit Action figures showing that as of July 2012 it stands at £1.410trillion, up from £1,406trillion the previous year.a
And if you’ve ever struggled with debt you’ll know how easy it is to lose control as your debt spirals through a combination of late payment fees and excessive interest rates.Read More
One debt remedy which attracts such myths is a Scottish Protected Trust Deeds, with some of the myths being as legendary as the Loch Ness Monster – and about as likely. They are often portrayed as part of a new Government Scheme which is designed to let you off scot free from paying your debts.Read More