For 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.
The 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?
The 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…)
The Sunday Express ran an article on 18th Nov 2007 on the responses from some commercial debt advice organisations against some free organisations. (more…)
We successfully stopped an eviction this morning (14th November) in the Oldham County Court. (more…)
The 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…)
Examples 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.
More 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…)
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…)
If 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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