Personal Insolvency in the UK is on the Rise
In the last quarter of 2009, England and Wales saw the number of people that were declared insolvent each its highest number of all time. The Insolven
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Each Person in UK Over £60,000 In National Debt
Posted on July 19, 2010 by wolfgang
In a stunning new report that has now been released by the Office for National Statistics, the national debt in the United Kingdom has been broken down into the cost per individual in the nation today. It turns out that at the current rate, with £4 trillion owed, each person in the country is carry
UK’s Public Sector Hiding 4 Trillion Pounds of Debt?
Posted on July 16, 2010 by wolfgang
It has come to light that the debt from the public sector in the United Kingdom could be a full £4 trillion higher than previous estimates had set it at. This means that the scale of the challenged faced by today's Government is a great deal larger than many analysts had previously believed. While
Britain’s National Credit Rating Could Be On Way Down
Posted on July 13, 2010 by wolfgang
Things are not looking good in the United Kingdom right now as the big shot has been taken at George Osborne by Standard & Poor's: they are looking to down grade the credit rating of Britain from AAA to a notch below if the Chancellor cannot manage to get the national debt under control somehow. Kno
Rules for Debt Relief may be Made Easier
It appears that new rules and regulations may be put into place to allow UK residents that have pensions to use debt relief orders in order to fight b
Bad Debts on the Rise
The Bank of England is pointing out that the number of bad debts that were defaulted on by consumers has increased by an alarming rate through 2009. F
Credit Demand is Piling Back Up in the UK
More and more people and UK consumers are turning back to credit in order to pay their bills as they struggle with the current economic situation. In
Credit Card Interest is Hitting New Highs in the UK
Research performed by the group known as Moneyfacts is showing that the interest rates on credit cards have hit an all time high in the UK. The averag
UK Debt Skyrocketing to Irreversible Levels
The debt of consumers in the UK is being reported as higher than ever and is starting to pose a threat to millions of households around the country. A
Tory Backbenchers Fighting Off the Vulture Fund Bill
There appears to be a last minute amendment proposed to the vulture fund bill that could put the end to the entire idea. The vulture fund bill was put
Debt Charities calling for Help and Better Practice
Many people across the UK and especially some debt charities are calling on big members of the credit industry to start offering more help, and more s
Debt from Utilities Excluding People Financially
Debt and the issues that surround it have come to the forefront of the UK over the past year or so, and although things have improved in many ways the
Credit Showing Lower Default Levels than Experts Expected
Lenders and experts appear to have overestimated how many people they thought would default on their loans and credit cards for the tail end of 2009.
