Category: Debts

The Widening Divide Between Personal Earnings and Debt

Whether you’re studying broad trends or looking closely at your own finances, assessing the debt to earnings ratio is an important part of the big picture. When economists track these trends, they examine how fast salaries are rising, compared to debt increases across the country. Banks, building societies and other stakeholders furnish the data, which is then broken down into an easily digested summary of economic health. Once the facts are in, analysts interpret the figures, injecting their own opinions and beliefs about the way things will unfold in the future. The summary snapshots created by professional prognosticators provide a general reference about economic health. Do earnings outpace inflation? Are… read more >>

Stop Losing Sleep Over Money Worries

If you’re losing sleep over the debts you racked up during the holidays, or the possibility that you might lose your job, or any other prospective threat to your financial well-being, you’re not alone. You’re also far from helpless, no matter how dismal your situation might seem right now. Coming clean about the “D” word One in four Brits claim that they are losing sleep over debts. And according to a study by Norton Finance, one in five people are feeling pressure from their family to keep on top of their finances, so they try to hide the extent of the problem when they fall short. A surprising number, especially… read more >>

There’s More Than One Way to Conquer Problem Debt

There is no getting around it: Britain is on a borrowing binge, and credit card debt continues to climb. Alas, every binge is followed by a painful hangover, and if you’re suffering the agonies of problem debt, you’re not alone. Fortunately there is a cure for what ails you. We’ve been spending like there’s no tomorrow Christmas debt is the gift that keeps on giving, well into the following year in all too many cases. But in 2016 credit card debt hit a record high well in advance of the 2016 shopping season. Households in Britain hold a total of £66.2 billion in credit card debt as of December 2016,… read more >>

Extreme Debt Management: Choose Wisely to Avoid Making Things Worse

Many people learn the hard way that it is much easier to get into debt than to get out of it. Fortunately, when personal debt gets out of hand there are numerous options available to fix the problem. The bad news is that there are no quick or easy fixes, despite what you may sometimes see in the adverts that promise to make your debts go away almost overnight. Here are some possibilities to consider when trying to figure out the best way out of your debt disaster. DMP, IVA or DRO? Oftentimes people who are having debt problems turn to lenders who offer various types of debt consolidation loans…. read more >>

Personal Financial Review Starts With Three Important Concerns

Personal money management is multifaceted, addressing wide-ranging financial concerns. In fact, daily demands can make it feel like your financial resources are being pulled in every direction. And though these day to day cash considerations require attention, effective money managers also find ways to step back for a “big picture” viewpoint. When they do, most recognise three distinct interests, dominating their financial concerns. Debt management, savings status and household budgeting represent key considerations for personal money managers. Understanding and embracing these three essential concerns sets the stage for ongoing success meeting expenses and establishing financial security for your future. Debt Control Outstanding balances owed for past purchases may be placing… read more >>