British families owe £8,000 in unsecured debt
Posted on February 7th, 2012
The average UK household owes £7,900 in unsecured debt such as credit cards, overdrafts and store cards, according to a report from PricewaterhouseCoopers (PwC).
Although the typical British family managed to reduce their unsecured debts by some £355 in 2011 – making the last 12 months the third consecutive year that net unsecured household borrowing has gone down – UK households remain among the most indebted in the world.
The PwC report said that while the average family is likely to continue to pay down their debts to the tune of around £400 this year, there are concerns that some age groups may have trouble maintaining a reduction in their borrowing. A quarter of the 25-34 year-old age group admitted to needing to use credit to fund essential purchases in the last year.
Tags: Debt, Unsecured Debt
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When Creditors Begin Calling Its Time To Begin Credit Repair Posted By : Alex
Posted on January 31st, 2012
This article explores the need for credit repair when creditors start calling. You will see a case study of how one can begin in debt just by paying the essentials but may be able to get out of debt by adjusting a few of those essential items.
When the creditors are ringing the telephone off the hook you know it is time to repair your credit. The U. S. alone has in excess of millions of individuals and families straining to discover a way out of debt. This is the reason when you go online you see thousands of web sites that disclose they have the answer for relieving debt. Do not be fooled!
A majority of the telemarketers that say they can get you out of debt can only produce a lot more problems. There is no solution for all of us, but there is a solution for us all individually.
Let us take a look at a case. Lets say that you make $220 each week per paycheck. Read full post…
Five ways having a partner saves you money
Posted on January 25th, 2012
Never mind romance and companionship, being in a relationship can save you cash too!
Valentine’s Day is around the corner and already the shops are stuffed full with hearts and flowers, so what better time to take stock of your relationship and ask yourself whether you’re really making the most of your partner?
No we’re not talking about whether they’re handy with their DIY skills, good at fixing the car or helping round the house, but ways to get more financial mileage from your relationship.
Spilling the beans on your relationship can cut the cost of your motor premium.
An investigation by the consumer group Which? found over 60% of insurers vary premium prices according to whether you’re married or not. It’s not as crazy as it sounds, as insurance quotes are based on risk. And the th
First Circuit Upholds Order Allowing Debtors to Sell Condo After Bank Failed to Object – BAC Home Loans Servicing v. Grassi
Posted on January 24th, 2012
Vincent Howard and our team of Corona foreclosure defense attorneys were interested to see a recent ruling that penalized a loan servicer for sleeping on its rights. As a rule, this is more likely to happen with borrowers, who don’t have the legal know-how or financial resources of a large bank. However, legal requirements involving deadlines and paperwork apply to both sides — and thanks to the robo-signing scandal, courts are more likely to pay attention to paperwork mistakes at large lenders instead of dismissing them as routine. A paperwork mistake was behind the ruling in BAC Home Loans Servicing v. Grassi et al., in which a Maine couple was permitted to sell their condominium after their servicer, BAC, failed to object to the request. BAC did notice after the fact and raised a variety of arguments for reopening the issue, but the First U.S.
Trustee in Opus East Bankruptcy Files Preference Actions in Delaware
Posted on January 23rd, 2012
Last month, Jeoffrey Burtch, the Chapter 7 Trustee (the “Trustee”) in the Opus East bankruptcy filed approximately 90 preference actions against various defendants. As stated in his complaints, the Trustee “seeks to avoid and recover … all preferential transfers of property made for or on account of an antecedent debt made to or for the benefit of the Defendant by the Debtor during the ninety-day period prior to the filing of the Debtor’s bankruptcy petition under 11 U.S.C. sec.
Tags: Actions, East Bankruptcy, Opus East Bankruptcy, Preference Actions
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Timeless Financial Wisdom in Honor of Chinese New Year
Posted on January 17th, 2012
If you thought your New Year’s revelries were over for the next 12 months, think again! Chinese New Year is Jan. 23, and around the world billions of people will celebrate the arrival of the 4,710th year in the Chinese calendar.
Anything that’s been around for that long probably has some wisdom to impart, don’t you think? Here are a few timeless tidbits of Chinese wisdom – and our thoughts on how they can apply to your financial life as you celebrate Chinese New Year:
- Count not what is lost, but what is left – This one may be particularly appropriate if your investments had a rough time in 2011! It may also ring true for you if you indulged in some overspending this past holiday season. Instead o
Tags: Chinese New, Chinese New Year, New Year, Year
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