Author Archive
I’ve Lost My Banking Job and I’m now a Debtor
Over recent weeks the words ‘credit crunch’ have been all over the financial headlines, and the effects of the turmoil that has hit the financial markets have been reflected in a number of ways, affecting both financial institutions and consumers.
The credit crunch was sparked as a result of the housing slump, rising interest rates, and […]
IVA UK Advice: Good Solutions to Get Out of Debt in the UK
Struggling with debt is now a common occurrence in the UK. You are not alone with the feelings of stress and despair it can cause.
When debts become overwhelming, it is common for thoughts of bankruptcy to be seen as the only solution. However, there is an alternative which is far less restrictive but […]
Common Mistakes Debtors Make When They Have Money Troubles
Being in debt is a scary experience. When you are faced with financial problems you feel fear, shame, embarrassment, depressed, etc. However it is during these dark hours that you really need to do your homework before you leap toward drastic solutions like bankruptcy as the best solution to your problems.
While bankruptcy is a legal […]
When Lenders Make Bad Choices You Pay
Shake ups in the sub-prime lending market in the US and soon the UK bring to light the problems of consumers having faith in lenders. Many assume that if they are approved for a loan or mortgage that it means that someone responsible felt they could afford it. Nothing could be further from the truth.
Consumers […]
The Eight Stages of Debt and Financial Death
In 1969, Elisabeth Kubler-Ross described the five stages that people pass through when dealing with grief and tragedy. These stages are typically thought of as only existing under the banner of death and dying but the loss of your financial position and social status can also bring great grief and similar emotions. I’ve modified her […]
