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Moneynet targets debt consolidation loans as UK bankruptcies rise
UK Housing Markets FluctuationsMortgage lenders and property agencies have just released their latest figures for the UK housing market displaying some conflicting results but the overall mood from analysts appears to be one of optimism ..... Moneynet.co.uk, the UK’s most established financial comparison site has recently launched a new section on debt consolidation loans. Debt consolidation has become a major market in the UK as consumers struggle to pay off their debts.
According to Credit Action, a national money education charity, figures for the second quarter in 2005 showed that the number of individual insolvencies had increased by 36.8% since the same period last year. Credit Action also reported that a survey by Lloyds TSB revealed that 20% of individuals admit that they regularly avoid checking their bank balance because they were scared to see their balance.
The most recent financial services survey by the Department of Trade and Industry (DTI) revealed that 5% of individuals are finding their household’s debt repayments a ‘heavy burden’’ and the number of consumer debt problems dealt with by the Citizens Advice Bureaux has grown by a massive 74% over the past seven years.
Loans Are Not Just For ChristmasChristmas is coming - A time for decorations, songs, over-eating, gift giving, visiting the family, consumer spending and the increasing of personal debts. Bah humbug. While most people see Christmas as a joyful period there .....
UK DEBT CONSOLIDATION and overdrafts and loans are our most popular subjects today - have a look at the borrowing money to see if it's also something that may be of interest to you.
We are constantly updating our article database, so please have a look through our site to find more articles related to uk debt consolidation. You may also be interested in reading some articles about money.
Christmas CreditThere aren’t many people who enjoy thinking about finance at Christmas, but when you consider that it’s the time of year when we’re likely to spend the most money – perhaps the management of our .....
Moneynet’s decision to tackle debt consolidation is extremely pertinent in the current political climate, where the government is taking a stern view against loan sharks and unethical consumer financial products Moneynet is keen to build on its ethical reputation by ensuring consumers have a full choice of relevant financial products available to them.
Richard Brown, moneynet’s Chief Executive Officer commented, “‘whilst we urge people to think carefully before consolidating their debts, this can prove to be a lifesaver for many people. Amalgamating all credit card, store card and personal loan debt into one can make the payments more manageable. However, once this has been done it is often sensible to destroy existing credit cards and avoid the temptation of running up further debt until the loan is repaid'”
Insurance For StudentsStudents are often portrayed as being lazy, indolent, or, perhaps most damningly of all: scruffy. But today’s students are often more active and involved than their parents, and they demand the rewards that come with this behaviour. Valuable pieces of equipment are de rigueur in .....
The debt consolidation loans section is in line with other consumer champion initiatives which moneynet has recently implemented on the website, including its series of product and lifestyle guides. In addition to its extensive price comparison research on credit cards, loans, insurance and mortgages, moneynet provides downloadable consumer information on family finance, ethical investing and student finance.
Christmas LoanIf you think Harry Potter was going to be the most imaginative marketing plot this Christmas, think again. Each Christmas as consumers look at their finances and investigate the different sources of funding to cover their Christmas shopping, loan companies and credit card .....
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