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Read all about it! Don’t let the latest developments on credit cards, mortgages, loans and bankruptcy pass you by. We have the latest updates and debt news right here.
After overspending at Christmas, January is a great time to sell your unwanted goods and make some welcome cash in 2010. You may have unwanted Christmas presents you want to get rid of, or perhaps you want to clear your clutter before spring and earn a bit of extra money at the same time.
Where to sell?
Approved mortgages for house purchases have more than doubled during the past 12 months as the property market continues to improve.
Over 100 companies which offered to write off debt completely or to secure personal injury compensation were shut down by the Ministry of Justice (MoJ) between April 2007 and August 2009.
New measures released by The Financial Services Authority (FSA) will come into force in June, 2010 to make sure sale and rent back firms cannot exploit their customers with misleading advertising and high-pressure sales techniques.
Statistics have revealed a massive 28.2% increase in cases of personal insolvency within the past year. The statistics reported that 35,242 people throughout England and Wales became insolvent during the third quarter of 2009.
People throughout the UK are spending much more than they earn every month, due to the rise in unemployment and the effects of the recession.
As bad debts reach historic highs in the UK, it has been claimed that the credit card business, unless it changes radically, is not sustainable.
