Articles in the Debt Category
Are You Feeling The Crunch?
July 14th, 2008
FreeMoneyFinance recently asked are you feeling any economic pain, so I thought I’d look at the same subject from a UK perspective, and poll Money Watch readers on whether you are feeling the effects of the credit crunch yet? When I say crunch here, I’m …
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Why Saving Money Is Like Losing Weight
June 1st, 2008
In the past couple of years, a sedentary job and a little over-eating has meant I’ve been putting a little bit of weight on, and it’s come to the point now where I feel that I really need to do something about it.
Whilst I’ve been …
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Snowballing / Snowflaking Your Debts
May 5th, 2008
I recently came across the term snowflaking - a method for repaying your debts - which I’d never come across before, so I thought it, and the related snowballing method, warranted a little investigation.
To explain snowflaking we first need to understand the concept of snowballing …
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Tips For Improving Your Credit Rating
September 20th, 2007
Out of curiosity, I recently checked my own credit rating, just to make sure there was nothing nasty on there (and why should there be?!). What it did tell me was that having moved house within the past year could cause me problems if I applied to get more credt.
If …
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More on Repaying Your Student Loan
July 11th, 2007
Brad Ford made a great point on my previous post about whether to pay off your student loan or not:
Without factoring in risk, paying off the student loan is an easy decision. Unfortunately, life is not without risk. Two months after you pay down the loan, you absolutely
…
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Student Loans: Pay or Delay?
July 10th, 2007
Like many, I left university with some debt. I’m probably one of the lucky ones though, as it wasn’t a huge amount, compared with the average figures that students are accumulating these days, plus all of my debt was in student loans - no overdrafts, credit cards etc.
I’ve been …
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Interest Rates: Now Highest For 6 Years
July 8th, 2007
You’re probably aware that interest rates have risen once again, up 0.25% to 5.75%. This is the highest rates have been since March 2001.
The graph below shows how rates have changed over the past 10 years:
I think one of the key things …
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“Sell & Rent Back Your Home” On The Increase
June 21st, 2007
According to the Financial Times, there’s a growing number of companies offering to buy your home off you and let you rent it back from them if you are in financial difficulties.
The companies target those who need to raise cash quickly, such as those who are about to be …
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This Is Money: Crackdown On IVA Sellers
January 17th, 2007
More than a dozen firms promoting IVAs to people unable to cope with their debts have been ordered to stop using misleading adverts
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New Year, New Finances: Credit Cards
January 13th, 2007
If you’re like many families in the UK, you’re probably dreading seeing your latest credit card statement following Christmas and New Year. Much of the cost of presents, food, drink and parties is likely to have been whacked onto the “sod it” card, and much like yourself, that debt is …
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