Archive for the ‘Uncategorized’ Category

TweetShareIt’s nice to be told you’re doing a good job.  Below is a letter from a ClearDebt client who has successfully completed an IVA.  They are now debt free and are full of praise for the service they received not just at the beginning, but for the duration and conclusion of their IVA. Tweet

TweetShareHoward Archer, chief UK and European economist for Global Insight, believes that Britons are to have limited spending power over the next year. “This is due to the major headwinds that consumers face – higher interest rates, elevated utility bills, moderate real earnings growth, an increasing tax burden, rising debt levels and pension concerns,” he [...]

TweetShareResearch from Axa suggests that about a third of Britons refuse to plan their finances at all, with those who do look at them only spending five minutes a week doing so. The provider states that by increasing time spent reviewing finances to 15 minutes, people could save thousands of pounds in the amount of [...]

TweetShareAbout one in ten people believe that lenders will not look at a person’s credit history when deciding whether to issue loans. However, evidence of missed repayments stays on a credit record for about three years and is used by lenders to determine how well a person can manage their credit commitments. In addition to [...]

TweetShareData from HBOS suggests that consumer savings are set to top the £1 trillion barrier for the first time this year. This figure matches that of the collective total for household debt, with researchers from HBOS suggesting that Britons are becoming increasingly cautious about taking on more borrowings. Martin Ellis, chief economist at HBOS, commented: [...]

TweetShareNeil Munroe, external affairs director for Equifax, states that for many people bankruptcy is the only way out of debt. His comments follow an Equifax survey stating that 56 per cent of respondents believe that it is not fair for people who declare themselves bankrupt to be discharged within a year. Mr Munroe commented: “It’s [...]