Archive for February, 2010
UK personal insolvency rates hit record high
The number of people who were declared insolvent in England and Wales hit a record high in the last quarter of 2009. The figures from the Insolvency Service marked the depth of the recession, with 35,574 people declared insolvent in the last three months of the year.That was a rise of 25% on the same [...]
February 5, 2010
Tags: consolidate debt loans, sub prime loans Posted in: Uncategorized 
No Comments
Debt advice service can’t cope with leap in demand
The Government’s free debt advice service is being forced to turn people away after being unable to cope with a 28pc jump in demand, a report has warned. MPs described the Government’s approach to advising people in debt as a “triumph of bureaucracy over practicality” and urged it to “shake up” its strategy to meet [...]
February 4, 2010
Tags: consolidate debt loans, home loans, sub prime loans Posted in: Uncategorized No Comments
Money is the root of all evil for Britons
Money may make the world go round but money is also the nation’s biggest worry. More than eight out of 10 people said they are experiencing some kind of worry, consumer analysts Mintel found. And one in five admit to turning to drink when stressed, while more than one in 10 light up a cigarette, [...]
February 3, 2010
Tags: Credit Crunch, home loans, Loan calculator, loans, sub, uk recession Posted in: Uncategorized No Comments
Demand for UK credit increases again
New borrowing on credit cards, loans and overdrafts has outstripped the amount being paid back by UK consumers for the first time since June last year. Unsecured consumer credit rose £52m in December, driven by credit card borrowing, the Bank of England said. The number of mortgages approved for house purchases dipped slightly compared with [...]
February 2, 2010
Tags: Bank of England, Credit Crunch, home loans, Loan calculator, loans Posted in: Uncategorized One Comment
UK loans interest rates hit a 9 year peak
UK bank personal loan rates have climbed to a nine year high because of a rise in bad debts as borrowers fail to meet their loans repayments. Experts said banks are increasing rates to recoup the losses stemming from defaults on loans. Rising unemployment during the recession saw households struggling to meet the repayments on [...]
February 1, 2010
Tags: Credit Crunch, loans, sub prime loans, UK loans rates Posted in: Uncategorized No Comments
