There are a large number of people who have been helped by debt management companies in the past. Debt management companies offer a variety of services to their customers, and will give advice on the best things to do right from the first phone call that puts the client in contact with them. The experts at companies such as this will talk you through all the options, and you could have a payment plan or a debt programme set up within as a little as a couple of minutes. Debt management companies will give all the advice that you will need, as well as helping you to set up payment plans, whether...

The UK is in a recession. Credit has become harder to obtain because prior to the credit crisis, many folks probably didn’t even realise their credit was poor. Now that many of the financial channels have closed for the majority of people, families are finding it very difficult to cope with rising fuel prices, higher utility prices, food and goods going increasing, and so on. Whilst many people are simply unable to make their mortgage payments, we’re seeing an increasing number of repossessions. Those who have avoided repossession but still feel the very real strain of meeting daily...

It’s a sad fact but many people in the UK are living from pay cheque to pay cheque. The global credit crisis has lead to a recession in the UK and many people are finding it difficult to cope with daily expenses. So, when an emergency arises, and that costs money that is outside the monthly budget, it can become a huge burden on an individual or family. UK payday loans are, in essence, designed to offer short term loans to help cover the costs of living when payday is still a week or month away. UK payday loans are small loans, generally allowing you to borrow between £100 and £1000. They...

There are many different types of finance available in the UK. You can borrow money from credit cards, personal unsecured loans, secured loans, mortgages, and so on. Each will have their own set of criteria such as the amount you can borrow and the interest rate. So, what is a secured loan? This article will highlight the basics behind a secured loan to help you determine if this is the right type of finance for your situation. Essentially, a secured loan means borrowing an amount between £5,000 and up to £100,000 or more. Since the credit crisis hit the UK in late 2007, early 2008, the secured...

There are more people in the UK that have what lenders consider bad credit than there are those who have excellent credit. Depending on your lender, such as a bank who has lent you money for a mortgage or personal loan, you can be considered a bad credit candidate if you have missed even one payment on a mortgage or loan. The global credit crisis that has hit the UK has lead to major banks either completely denying most people credit or making it very difficult to obtain financing in the first instance. Having a bad credit credit card, if used wisely, can help you improve your credit history if...

Consumer rights governed by the Consumer Credit Act 1974 is complicated and not easily discerned by the average person however it exists to help protect our rights. It is important to try and understand what your rights are, those of your creditors, as well as the consequences involved if your debt goes into arrears. Firstly, the Consumer Credit Act covers the majority of credit agreements in the United Kingdom. Most unsecured types of credit, such as personal loans, most credit and store cards, and overdrafts are covered by the Act. However, other types of finance such as mortgages and secured...

There is no doubt that the credit crunch has hurt everyone, from big banks and businesses, to small shops and of course individuals and their families. Whilst we are now forced to reconcile with over spending and cutting back on the luxuries we used to take for granted, this does not mean that we shouldn’t set aside time and money to take a much needed holiday. There are many alternatives to travelling abroad to sunny destinations. Having a lovely family holiday for example can happen right here in the UK. Although travelling within Europe is still relatively cheap, there are plenty of beautiful...