Credit cards offer the twin benefits of convenience and security – which is why there are about 60 million of them in circulation in the UK at the moment.
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With the average household debt in the UK being £13,520 and growing, and with 100,000 people each year declaring bankruptcy, an open dialogue about debt and debt management solutions is increasingly important.
It’s amazing how far-reaching the impact sky-high costs of housing has had on Generation Y.
Maintaining healthy credit relies on responsible spending and timely repayment. While each person’s finances are unique, several universal strategies apply.
If you are struggling with debt of more than £7,000, then an Individual Voluntary Arrangement (IVA) might be the best solution.
For one reason or another, you may have found yourself in dire financial straits. You’ve woken up and smelt the coffee and are now aiming to get your debt repaid and back onto the straight and narrow.
Whilst critics would argue that not enough changes have been made since the 2008 global economic crisis, one big change was the increase in popularity of Guarantor Loans.
The most common, yet erroneous, assumption relating to personal loans is that they’re a mark of financial failure, but this isn’t necessarily the case.