New research by the Office of National Statistics found that 7.84 million people in the U.K are working part-time in an attempt to resolve financial issues caused by the credit crunch.
 As Great Britain struggles to claw its way out of the recession, and employment vacancies are few and far between, millions of people are taking [...]
Millions Take Part Time Jobs Due To Recession
September 1st, 2010Debt Collection Firms See 30% Drop In Business
August 25th, 2010According to astonishing recent news, debt collection firms have seen a significant decline in business since the beginning of the credit crunch. Figures show they have experienced between a 25% and a 30% drop in business over the last few years.
Most people would think that bailiffs would have benefited from the economic downturn, but with [...]
Store Cards – The Facts
August 18th, 2010 Store cards can be very appealing, offering discounted shopping on a buy-now-pay-later agreement. But store cards can be very dangerous if they are not used carefully.
Despite the discounts and convenience they provide, store cards can come at a hefty price with many attaching an annual percentage rate (APR) of up to 30% on your [...]
Don’t Fret Over Your Debt – Help Is On Hand
August 11th, 2010According to financial experts, it is normal to feel depressed over mounting debts. What you need to remember is the situation isn’t permanent and things will improve. Unfortunately there are people who cannot see a solution to their problems and become so depressed, they contemplate suicide.
We have compiled some important information about this issue and [...]
Demand For Mortgage Advice Soars
August 4th, 2010According to recent figures released by advice website unbiased.co.uk, the number of people seeking mortgage advice has risen by almost a quarter compared to figures recorded 6 months ago.
Around 45000 people used unbiased.co.uk within the last 6 months, compared with 36000 recorded in 2009.
In addition, financial advisers and mortgage brokers across the country confirmed a [...]
Debt Management Plans – Frequently Asked Questions
July 28th, 2010What if my circumstances change during a Debt Management Plan?
Because a Debt Management Plan is an informal agreement, it is flexible. You can increase your monthly payment or decrease it depending on your circumstances at any time.
Change for the worse
If your circumstances change for the worse and you cannot commit to the agreed monthly payment, [...]
OAPs Unable To Enjoy Retirement Due To Mounting Debts
July 21st, 2010Recent statistics show that pensioners in the U.K owe a mind-blowing £8.4 billion in outstanding debts.
Additionally, almost 600,000 citizens over the age of 65 are still paying off their mortgages, with each individual owing more than  £30,000. Even more worryingly, over 1.5 billion pensioners owe substantial amounts on credit cards, arguably the worst form of credit [...]
£5 Note-Only ATM Machines Will Help Consumers Save Cash
July 14th, 2010The first batch of brand new cash machines that dispense only £5 notes have been released across the U.K.
The aim of this new development is helping people to budget better and control their money much easier. The maximum withdrawal from these machines is £50, all of which is dispensed in £5 notes. It is believed [...]
Saving Rates Fall As Banks Turn Their Backs
July 7th, 2010According to finance website Moneyfacts, almost all saving rates have taken a huge dive, with the top rate on an instant access savings account falling from 3.35% to just 3 %.
The top rate on a 1 year bond has dropped from 3.95% to 3.30%.
Moneyfacts said that banks and building societies were having difficulty profiting from [...]
Penny–Pinching Escalates As U.K. Citizens Continue To Feel The Strain Of The Recession
June 30th, 2010U.K. citizens have stepped up their quest for cheap deals on everyday items, according to recent research conducted by Santander.
The bank found that 80% of people surveyed admitted attempting to save money on a daily basis by taking the time to shop around, looking for cheaper deals on essential items such as cleaning products and [...]