‘Debt’ Category

Does the Sterling Pound Give the UK an Inherent Advantage?

Posted in Debt on Thursday, October 31st, 2013 at 10:39 by eComparison Blogger.

The instability of the Euro has caused many problems for the European Union that the UK has been largely shielded from. The country has its own issues, such as an external debt equivalent to $150,000 per person and a rapidly decreasing GDP. However, the UK has a large financial sector with many capital investments and [...]

Council tax an issue for more Britons

Posted in Debt, General on Wednesday, June 13th, 2012 at 11:27 by Sarah Evans.

According to the Consumer Credit Counselling Service, the number of UK residents needing assistance in meeting their council tax obligations has been rising in recent years.

Bishop of Durham said payday loan rates sinful

Posted in Debt, Loans on Wednesday, May 16th, 2012 at 11:01 by Sarah Evans.

The Bishop of Durham has spoken out about the interest charged for payday loans. The interest rates have reached 4,000% from some of the companies operating in the UK.

Pensioners need to plan ahead

Posted in Debt, General, Money Saving on Wednesday, March 14th, 2012 at 12:33 by Sarah Evans.

When pensions were first envisioned as a means of helping older citizens to remain financially stable, life spans were much shorter.

Debt Projections for 2012 Bleak

Posted in Credit Cards, Debt, General on Wednesday, January 11th, 2012 at 10:55 by Sarah Evans.

Research conducted by the Post Office is leading some economic analysts to conclude that debt levels may skyrocket during 2012, with some 12 million people funding their daily living expenses by loading charges onto credit cards.

Debt Management for the New Year

Posted in Debt, Money Saving on Thursday, January 7th, 2010 at 12:12 by Sarah Evans.

I swore many years ago that I would give up making New Year’s Resolutions. I am one of those people who get carried away with all of the changes I plan to make. You know, the ones that rarely last beyond the first two weeks of the New Year. Instead, I have adopted a plan for making resolutions, goals, or whatever you would like to call them, all year long. Just make a small change here, a small change there. Those are the changes that I know I can stick to because they tend to be gradual and not overwhelming or scary in any way. Although if you know of a sure fire way to lose weight, become organised, and stop procrastinating, I would love to know about it.

Is Debt Avoidance Illegal or Immoral?

Posted in Debt on Thursday, December 31st, 2009 at 08:49 by Sarah Evans.

Some people believe that avoiding incurred debts may be illegal, immoral, or both. In the recent past, there have been loopholes that allow people to avoid paying off debts if the creditor could not produce an original copy of the agreement made between company and consumer. A new High Court ruling may have obliterated that loophole, much to the chagrin of the debtor. According to the new rule, the creditor may supply other documentation other than the original agreement to show culpability on behalf of the debtor. Therefore, the debtor would be legally responsible for repayment of debts. The ruling also states that the creditor may continue to report the non-payment to credit agencies until the debt is paid, regardless of the proof presented. In other words, if the creditor can’t prove his case in court, he can still tack the non-payment stigma to the debtor’s credit report. For those not familiar with credit reports, it still means that future creditors, such as banks, mortgage companies, credit card companies, etc., will still see that negative mark and will most likely hold it against the debtor by incurring higher interest rates or outright refusal.

Loans – Blessing or Curse?

Posted in Debt, Loans on Tuesday, October 27th, 2009 at 11:44 by Sarah Evans.

Loans are one of those things that most of find necessary at one time or another, whether it is for a car, house, or other large expense. While there is certainly nothing wrong with taking out a loan, it pays to be smart about it.

Rethinking Spending – Dealing With Debt

Posted in Debt on Thursday, October 1st, 2009 at 09:22 by Sarah Evans.

Debt is a scary thing. With the current economy, it is easier than ever to fall behind. With tight budgets and job layoffs and redundancies, allowing debt to climb is almost a given. With the current interest rates, penalties and fees, the debt can grow so rapidly that it is much like an avalanche. It may seem that there is no end in sight and certainly no way to stop it from happening. If that’s where you are, or fear that is where you are headed, then please take a few minutes to check out some of our debt management services.

Saving with E.ON

Posted in Credit Crunch, Debt, Money Saving, Utilities on Thursday, July 30th, 2009 at 09:52 by Sarah Evans.

I think there are some grave misconceptions about energy prices. Rather, on how to save on monthly energy bills. We all know that energy costs have risen and will continue to rise. I won’t go off on a rant about the falsehoods regarding supply and demand; rather, I would like to point out how you can save money. Unless you’re in the political arena or energy related industries in some way then you most likely aren’t aware of the day to day prices of energy related products. I know I’m not. Regardless, what you can do is to learn how the system works and find the best way for you to run an efficient household and/or business.