Business

The economic forecast that emerged from Brussels this week predicted that debt will actually account for a staggering 90% of the British economy by the end of next year. Our deficit is expected to be the highest in Europe, at an estimated 12% of the UK’s GDP too. The EU’s Economic and Monetary Affairs Commissioner, Olli Rehn said, “The first thing a new government has got to do is to agree a convincing and detailed programme of debt consolidation.” Well, it does work for a lot of British consumers. [Read more…] about Britain’s Debt Consolidation

Everyone’s financial circumstances are different. Even for those people who find they are facing the burden of mounting debt, the factors that lead them into this situation are personal. The issues may not be unique to them but there is no one size fits all debt solution. Experienced debt advisors will be able to recognise which solutions on the UK market are best suited to your circumstances but there is no hard and fast rule; every debt problem must be judged on its own merit. [Read more…] about What’s The Best Debt Solution?

No debt solution is right for everyone. The circumstances that resulted in your present debt problem may not be unique but they are personal to your situation. With this in mind, the solution to your debt problem must also be tailored to your situation. The first step in tackling your debt is to get help and advice from a dedicated professional. They’ll be able to help you decide on the right solution to suit your circumstances. [Read more…] about How A Debt Management Plan Can Help You

If you’re dealing with debt, the earlier that you ask for help, the more likely you are to avoid a severe debt problem and the most serious and invasive debt solutions on the market. Bad debts can be isolating. There is an unwarranted stigma surrounding debt that keeps many people from discussing the problem, either with an expert or friends and family. This can prevent them from seeking out the advice that would help to free them from debt and compound the stress of bad debt with the stress of keeping such a big secret. [Read more…] about The Importance of Debt Advice

Every day in the UK, it’s estimated that an average of 390 adults become insolvent. This is in spite of the supposed end of the recession last year. We’ve heard about the green shoots of recovery for a while now and the housing market is certainly showing signs of improvement. However, it’s understandable that the period of recovery may be drawn out by the number of people who lost their jobs and remain unemployed. In addition to this, there is also the damage to consumer confidence that’s stopping us all going out and spending like we did pre-recession. [Read more…] about IVA