Personal Finance Articles
We all suffer changes in circumstances during our lives, and some of those incur considerable financial hardship. It is important that if heading towards a serious debt situation that advice is sought as soon as possible, otherwise there could be serious emotional as well as financial problems ahead.
New powers extended to the OFT could sound the death knell for the Debt Consolidation Loan; the key will be how strictly the legislator interprets the amendments to the Consumer Credit Act.
The joys that motherhood brings can’t be denied nor disputed. Even with the growing culture of working mothers, still the majority of women who become child-bearers choose to stay at home.
There is growing pressure on lenders to improve the quality of their liabilities, and that combined with the introduction of new legislation could see the demise of the secured loans market.
The banks, building societies and other financial institutions are clamping down on credit limits as they continue to review the quality of their lending; meaning that some customers may be forced to amend their Christmas spending plans.
The Chancellor of the Exchequer, Alistair Darling, has revealed changes to the compensation system which will help savers in the event of another financial crisis.
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More people in the UK are falling into unmanageable debt as the credit crunch bites, and the Wales Centre for health is investigating the impact severe debt has on people’s mental health and emotional well-being.
please avoid debt and so no to bankruptcy
please stay out of debt!