Blog Listing
The changing face of credit in the UK
Feb
This week saw the introduction of an app from Barclays bank that allows customers to transfer money into another bank account simply by entering the recipient's mobile number. The PingIt app allows registered customers to transfer up to £300 at a time directly into the account of another...
UK families nearly £8,000 in debt
Feb
A recent report from Pricewaterhousecoopers (PWC) has highlighted the fact that UK families are typically £7,900 in debt from personal loans, overdrafts and credit cards. The Precious Plastic report shows that on average, households in the UK paid off around £350.00 of their unsecured...
Dealing with debt : practical advice to help you gain financial control
Feb
Virtually everybody has some form of debt. This may be money owed on a Credit Card, a Bank Overdraft or Loan or of course the good old Mortgage. Debt in itself is not necessarily the problem - it only becomes an issue when you are unable to make the monthly repayments. If you do...
Personal Debts: Do not delay act today
May
Earlier in the year R3, the association of Business Recovery professionals estimated that there are nearly 1 million individuals in the UK struggling with debt. This level of debt was fuelled until relatively recently by the huge boom in unsecured credit lending by the financial...
The Irish are coming - increase in 'bankruptcy tourism' predicted
Apr
You may have heard of the phrase 'bankruptcy tourism' or 'forum shopping' in the news recently - but what does the term mean? Consider this scenario: You are Irish, live in Dublin and are a failed property developer. prior to the credit crunch, you took advantage of the...
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