Monthly Archives: July 2014

Consumers ‘In Denial’ Over Credit Card Debt

Denial over credit card debts

A survey by peer to peer lending company Zopa has revealed the shocking truth behind Britain’s rising mountain of credit card debt. In a poll of 1,000 British credit cardholders, Zopa discovered that many people are firmly in denial when it comes to how long it will take them to pay off their plastic card… Read more »

Bankruptcy When In Self-Employment

Bankruptcy self employed

Declaring yourself bankrupt is a big decision to take, whatever your employment status. However, it could be said that self-employed people are more at risk of bankruptcy than people who have a job, because they often entangle their personal and business finances. This can make it hard for self-employed people to realise they have a… Read more »

Household Debts Spiralling Despite Economic Upturn

The UK economy may appear to be in recovery but according to statistics released by National Debtline, many British households are still struggling with high levels of hardship and debt. National Debtline, which is operated by the Money Advice Trust charity, says it helped more than 150,000 people with their household debts in 2013, a… Read more »

Payday Loan Firms Hit The Headlines Again

Never far from the headlines at the best of times, payday loan firms and their unscrupulous practises were dominating the news-stands again at the end of June. Just days after the Competition and Markets Authority (CMA) called for the introduction of a price comparison site to expose lenders charging extortionate interest rates, well-known provider Wonga… Read more »