When it comes to payday debt and credit card debt, the numbers are interesting. After all the hullabaloo about Payday lenders and their terrible influence on the British population, luring people in and ensnaring them in a web of debt and deceit, there is a credit provider that is flying smugly under the radar enjoying […]
Monthly Archives: January 2015
Reliance on debt – the seven-year glitch
November 2014 saw the citizens of the UK run up the highest amount of debt since 2007. Running up to the festive season, Britons managed to collectively borrow 1.25 billion pounds in total. This debt in mostly personal unsecured debt in the form of overdrafts, credit cards, loans, short-term high-interest loans, store cards and payday […]
November Debt Reaches Seven-Year High
It was in February 2008 that Northern Rock fell and was nationalised and unsecured debt soared as the credit crunch wrapped its claws around Britain and began to squeeze. This was the beginning of a decline that would see unemployment soar and people living on the fringes of poverty all over the country. It began […]
Get a loan – Cutting a deal with the bank
Let’s be honest, the banks of Britain have been M.I.A. for the past 7 years. After the whole Northern Rock fiasco and the credit crunch sinking its teeth into the financial well-being of the country, it is no surprise that banks and building societies retreated into the shadows. It has been a long time since […]
Phantom debt collectors in the payday lending industry – Part two
Just as many of the large payday companies have become international concerns, so have the conmen that ride on their backs. These days you can take out a payday loan in many different countries worldwide, both with local payday lenders and international corporations. You can apply for a payday loan in a shop in your […]
Phantom Debt Collectors in the payday industry – Part One
The payday loan industry is beset with a new problem; as if they didn’t have enough problems already. Payday credit has taken the brunt of bad publicity for the past few years and the blame for the national debt still lies squarely on its shoulders. Payday is being made to ‘pay’ for problems that should […]
Payday Lenders – The Numbers and the boom
The numbers for 2014 are not out yet, but coming across the statistics for the payday lending industry for 2013 was definitely food for thought. The payday industry has seen more “boom” than most other industries have seen in decades. Under the credit crunch, payday lenders did not suffer like many other businesses. These numbers […]
Good Debt Housekeeping
We find ourselves in the first month of 2015 looking out over eleven more months until the next festive season whacks us over the head. Looking back over the past couple of months we may be slightly dismayed at the wreckage that is our bank account, our credit card, or the payday loans that we […]
Phantom payday debt collectors – Another Online Swindle
Are you lonely and looking to find that someone special? In modern society, it can be hard to meet someone, with our busy schedules and the decline of a sense of a community lifestyle. Where do you go for some social contact? Well, you go where millions of people go for most things these days, the […]
Financial scams and what to watch out for – financial scams are now big business
Financial scams are now a billion pound business in the United Kingdom and they are increasing rapidly. It is easy to be preyed on by a financial scammer so be on the lookout. Estimates are that each adult in the United Kingdom is conned out of 70 pounds a year by cunning scammers. This is […]