The UK's Growing Debt Problem by Miles Grady
An estimated 3m people owe more than £10,000 on credit cards, overdrafts and loans, new research shows. Among these people just over 2.5m have unsecured debts of more than £50,000, according to debt solutions company One Advice. The research found that one in 10 people who owe five figure sums... Bankruptcy stays on your credit file for six years which can affect your ability to get a mortgage and credit. ... A short-term solution may be to transfer credit card balances to other credit cards that offer an interest free period or cash-back.

Loans For Unemployed - when your personal economy slumps during difficult times by Amanda Thompson
The latest IDS figures for unemployment the claimant count measure of unemployment rose by 8,100 by April 2005 to stand at 839,400 (a rate of 2.7 per cent). Unemployment is unforeseeable, yet very prevalent. Job loss is one of the most trying time period of one’s life. ... Or an unemployed can take a home equity line of credit which is like a credit card with revolving balance. ... You draw against it when you want, like using a credit card, and as you repay the balance, the credit becomes available again.

UK Consumers Regaining Control of Runaway Levels of Personal Debt by Michael Hanna
The UK in recent years has seen a massive growth in the levels of personal debt and thanks to increases in secured loans corresponding to a strengthening of the housing market; it does not appear to be slowing down. Recent figures from Creditaction show that since the end of 1993, when debt... The means of making payments in shops has also seen changes, with debit cards now overtaking credit cards as the most favored card method to account for two thirds of all plastic payments. ... According to Bank of England figures, this represents a slight drop in monthly credit card spending levels...

Personal Loans For Homeowners – One Of The Numerous Rewards For Being A Homeowner by Amanda Thompson
You no longer look at the pictures of homes cause you yourself bought one. Well, you know how you got that, it was a huge investment. Now that you are facing some financial issues and you are thinking of taking a loan to cope with monetary crisis. Taking loans is a growing phenomenon. ... Loan lenders are eagerly considering homeowner loans applications with bad credit. ... Bad credit with homeowner personal loans would mean comparative higher interest rates. ... You would be paying more as interest rate if you have bad credit score.

Secured Loan For The Self-Employed: Ready Money For The Entrepreneurial Mind by Ann Gibson
Self- employed people consist the majority of the workforce in UK. They control a vital part of the country’s economy. A self-employed person works for himself/herself. Not joining any organization as an employee, he or she doesn’t draw regular salaries. ... Any self-employed person who offers the sufficient collateral and has a good credit record to supplement his case can get a good loan offer within the minimum possible time. ... Whereas, a borrower with insufficient collateral and poor credit rating is more or less doomed to get a curtailed offer with high interest rates and tougher...

Adverse Credit - When is a Credit History Labelled as Being "Adverse"? by Michael Challiner
If you are a borrower with a history of unsatisfactory credit transactions, the lenders will describe your credit history as “adverse”. The expressions “poor credit”, “bad credit” and “sub-prime” all describe exactly the same situation. This leads to a number of questions; what credit... The system is based on the principle that it's possible to predict your future credit performance by examining your credit history and statistically comparing it with the performance of other applicants who have similar characteristics.

Vultures and Victims by Rachel Lane
Has anyone noticed how many loan companies now fill up the commercial breaks? Sofa, after of sofa of happy couples are shown, with carefully manipulated stereotypes discussing the consolidation of their finances, recommending a particular provider. Couples, who have had loan requests knocked... Adverse credit is available in a variety of forms including: * Adverse loans (incorporating debt consolidation loans) * Adverse mortgages or non-standard mortgages (encompassing first mortgages for sub-prime borrowers and remortgages for sub-prime borrowers) * Adverse credit cards All adverse...

Alliance Turning Towards the Financial Dark Side by Richard Greenlane
Following in the footsteps of many of its high street competitors, Alliance and Leicester has announced that it will no longer accept new customers onto its Online Saver and Direct ISA accounts. The interest rate for the Online Savers account is also being cut from 5.35% to a straight 5%. ... An announcement concerning job losses at Scottish Widows, came alongside admissions from their owners LLOYDS TSB that there was, “An increase in the number of customers experiencing repayment difficulties” with their credit card debts and unsecured personal loans.

Debt Problems - Learn How to Deal with Them Boldly by Rick Russel
Are you tired of attending untimely harassing calls from your creditors reminding you about the due payments? Is making huge monthly payments becoming tough for you? If your answer to the above question is “yes”, then you are facing Debt problem. Debts become a problem when you don’t know how to... Most of the online lending websites have a team of professional loan advisors who can offer useful credit counseling to borrowers. ... Thus, to fulfill all the desires, one tends to borrow money from the market it could be in the form of loans or using credit cards.

Reduce Your Debt by John Mussi
Do you want to reduce your debt? Having trouble paying your bills? Getting dunning notices from creditors? Are your accounts being turned over to debt collectors? Are you worried about losing your home or your car? You're not alone. Many people face a financial crisis some time in their lives. ... Are you paying out too much every month for your credit cards, store cards and loans? ... Unsecured debts are not tied to any asset, and include most credit card debt, bills for medical care, signature loans, and debts for other types of services.