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Our Offices will be closing at 1pm on friday 23rd December 2011 and will be closed throughout the festive period. We will re-open on Tuesday 3rd January 2012. We would like to take this opportunity to wish our customers, introducers and staff a very Merry Christmas and wish you all happy new year for 2012
Household debt has shot up at the fastest pace since the recession as cash-strapped Britons borrow to fund their spending in the run-up to Christmas, a survey indicates today. At the same time, job security has slumped and incomes have dropped at their fastest pace in more than two years. One in every 111 households in England is in danger of eviction, according to research by housing charity Shelter. The risk of eviction is much higher in cities and other urban areas, particularly London – the 12 local authorities with the highest rates of eviction risk are all in London, partly because UK unemployment has hit a fresh 17-year high after the public sector shed thousands more jobs and the private sector failed to pick up the slack. Youth unemployment held at a record high of over 1 million and the total number of unemployed people rose to 2.64m over the three months to We recently wrote an article on Payday loans and comparable credit facilities. Unauthorised overdrafts are an alternative to payday loans but beware as these charge extortionate fees and interest. The Consumer Finance Association is fond of quoting how much these cost compared to its own payday lender members’ charges, which gives you some Retailers are reporting gloom and doom on the high streets of Britain, but there is still one sector that is expecting to do big business this Christmas: payday lenders. Online lender Ferratum claims that more than 2 million people have already applied for payday loans, and Ian Porter, the company’s UK sales The “highly resilient” housing market will not suffer a slump in 2012 but will instead remain subdued and stable, according to a forecast released by Halifax. Despite the significant deterioration in the outlook for both the UK and global economies, the housing market has held up with the current average CHRISTMAS is the most expensive time of year for many of us… especially if we borrow to pay for it. With presents to buy and food and drink to arrange, it’s the only way some can afford to pay for the celebrations. But those who can’t FAMILIES are struggling under a £560million mountain of energy debts – just as winter kicks in.
Figures published this week reveal nearly 1.8 million gas and electricity accounts were in the red in the three months to June, up 12% on the previous quarter. And the data, A married couple in Hull approached us for Debt Advice after a change in circumstances meant that they could no longer afford to pay what the creditors were asking and they were building up arrears. They had £24,000 of Debt and was paying £478 per month before contacting us. With When Mr ****** contacted us back in September, it was clear that he needed urgent advice as he was in facing debt crisis and was unsure what to do. He thought his only option was bankruptcy. People must remember that bankruptcy is not the only option. He had £31,ooo of Debt and A couple in London approached us for Debt Advice after he lost his job. They had £5000 of Debt and was paying £280 per month before contacting us. With a Debt Management Plan, they now pay only £105 per month. The creditors have agreed to freeze interest and charges on the debts whilst they |
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