Page 2 of Loans and Credit cards. Bankruptcy on the up. Page 2
- Don't Let Your Personal Loan Become a Personal Moan
- Good background reading before you take out a loan
- Adverse Credit. When is a credit history described as adverse ?
- When do have an adverse credit rating? The situation is far from clear but this article sheds light.
- Adverse Credit. When is a credit history described as adverse ?
- When do have an adverse credit rating? The situation is far from clear but this article sheds light.
- Car Loans Drive down the cost
- Usually the cheapest way to finance the purchase of your car is usually with a personal loan. But there are other methods. This article explains.
- Fraud. Beware of the fraudsters
- Fraud is big business. This article explains six to watch out for.
Bankruptcies are on the up, new figures have shown - this article looks at the reasons why.
Author: Emma Mayo
The Liberal Democrats believe that the debt problems in the UK could be helped if people knew where to look for help when they need it. For example, there are a number of free and confidential Debt advice lines that can provide excellent advice. They also suggest that the problem could be attacked at source, for example, lenders should be more transparent about the costs and implications of taking out a credit card and making only the minimum repayments. They also suggest that money management skills should be taught at school.
The problem is not going away for the meantime, that's for certain. High street banks recently announced that their bad debts are already soaring - Lloyds TSB and Egg have both made announcements - and the total British unsecured debt is estimated to be £191 billion. That equates to £3,250 per person in the UK.
By educating people about debt - knowing when to stop buying, and when to start worrying - bankruptcies could be tackled effectively. But for now, they're not going away - bankruptcy is a culture that for the time being, is here to stay.
Call the National Debtline on 0808 808 4000 or visit their website at www.nationaldebtline.co.uk for free and impartial advice on managing your money.
Loans may be secured on your home or other property. Think carefully before securing other debts against your home.
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