The title of this post really gets to the heart of dealing with debt. Millions of people in the UK struggle each day with debt. It really doesn't matter how they got into the problem. Plenty of consumers have overextended their debt through indulgence, but there are also those who have incurred debt due to unemployment, health problems or personal turmoil. If you rely on credit cards to purchase groceries, utilities or basic necessities you are not alone. Over 12 million people in the UK are … [Read more...]

Perhaps you've see the advertisements for Zero % payday loans. This promise is a big attraction to anyone needing a small loan, around £100 - £200. Who wouldn't pop in for quick loan and then use the money to make a payment on a utility bill or overdue payment. When it sounds too good, there' has to be a catch. Well, there is. In the case of these short-term, zero interest loans, you get your money for 0% interest. You won't pay any more than the principal of the loan as long as you repay … [Read more...]

There were more people seeking free debt advice in 2011 than in 2010. Over 1.54 million people in the UK sought help according to a study by the Money Advice Trust at the University of Nottingham. In fact, over 10 million people are in a daily struggle to manage their debt obligations. With unemployment growing and lackluster wage increases, consumers are going to have to pull from the grocery jar to pay the electric bill. According to Joanna Elson OBE, chief executive of the Money Advice … [Read more...]

It is possible that outstanding debts over 6 years old may not have to be repaid. Perhaps a rather complicated issue on the surface that needs some clarifying, especially if you have received any paperwork regarding the collection of debts that may have been outstanding for longer than 6 years. The answers can be unearthed by digging into the Statute of Limitations. What exactly is a statute of limitations to the many of us who speak in laymen’s terms? Need Free Advice on Paying Old … [Read more...]

What exactly is a debt elimitaion snowball? If we remove the word “elimination” just for a moment, we are left with a “debt snowball” which is very often what we get when we lose track or lose discipline of our spending and it may well be the reason you find yourself reading these words. A debt snowball attempts to methodically reverse the effects of personal debt and return individuals to a position of security, restoring confidence in the process. There are various ways in which the … [Read more...]

January is a time when many people struggle financially so it was no surprise to see an advert on TV for Wonga.Com, essentially a "PayDay Loan" company. What really struck me and promted me to take a closer look at Wonga.Com was the staggering APR quoted in the TV ad. I had to double check their website to make sure it was not a mistake, and sure enough, at time of writing Wonga.Com quote an APR of 2689%. Get Free Debt Advice Today Complete the form below and an advisor will call you … [Read more...]