The temptation on a Money Comparison website is to always apply for the lowest APR loans. However if you don’t have a very good credit history, this could make it worse. (more…)
Archive for the ‘Debt Management’ Category
Beware of Loan Applications on Finance Comparison Sites
Thursday, June 5th, 2008Opening a new bank account with bad credit
Thursday, March 6th, 2008For many people, the biggest mistake they make financially is having debts with their own bank. Banks have the “right to offset” i.e. they will always take money from a debtor to cover the debts with the bank in preference to any other payments due.
Biased Debt Advice From The CCCS?
Thursday, January 24th, 2008The Consumer Credit Counselling service uses its charity status to boost its claim to be champion of the struggling debtor, but is the advice it gives always the best advice?
Debt Management The Only Way Out Of Debt As Credit Crunch Bites
Monday, December 3rd, 2007The cost of borrowing and number of rejected loans and credit applications is on the rise, while the number of companies willing to lend money is on the decline. (more…)
National newspaper survey bemoans lack of service from free debt advice organisations
Wednesday, November 21st, 2007The Sunday Express ran an article on 18th Nov 2007 on the responses from some commercial debt advice organisations against some free organisations. (more…)
Abacus Stop Repossession of Client’s Home.
Wednesday, November 14th, 2007We successfully stopped an eviction this morning (14th November) in the Oldham County Court. (more…)
Debt help enquiries have £26,500 average debt.
Wednesday, October 31st, 2007The average person taking seeking debt advice in October 2007 owed £26,500 to eight different creditors according to figures from Debt Solution provider Chiltern. (more…)
What the debt advice company adverts REALLY mean
Tuesday, October 23rd, 2007Examples of the fanciful, and potentially misleading, marketing slogans from the finance and debt solution industry. There can be a big difference as to what they imply and the reality.
One Million householders use credit card to pay mortgage.
Wednesday, October 17th, 2007More than a million householders have used credit cards to pay their mortgage or rent in the past 12 months, according to a new survey published by ROOF, Shelter’s housing and homelessness magazine. (more…)
A day in the life of debt in Britain
Thursday, October 11th, 2007If you are having problems in repaying your loans and credit card debts, you are part of an ever growing group. Britain’s personal debt is increasing by £1 million every 4 minutes.
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