What Does Debt Mean To You?

The very word ?debt? is enough to bring fear to a great number of people, suggesting as it does a range of worries from being unable to make mortgage payments, keep a car on the road, take holidays and even, for some people, to eat three good meals daily. There are of course several different kinds … [Read more...]

Can You Get Credit?

One thing that has been made very clear to people over the last few years is that taking out credit comes with some risks attached. If you are borrowing either on a credit card or a loan, it really is not advisable to borrow ?as much as you can?, when the amount that you can borrow tends to be … [Read more...]

How Debt Can Ruin Your Life

Most of us, at one time or another, have looked at an item and thought ?That would make my life so much better ? now if only I had the money to buy it?. Credit is the solution used by many people in this dilemma. In many ways, it is as though a bank were saying to the person ?No problem, you can … [Read more...]

The Risks of Living On Credit

It is always difficult to live frugally when all around you seem to have more possessions, more money and simply more fun. There are few people in the world who do not enjoy having new, enjoyable possessions which can make life easier, more varied and overall just more fun. The risk of seeing life … [Read more...]

Irresponsible Lending, Spending and Borrowing

One of the major criticisms of banks which emerged as the extent of the global credit crisis became clear to everyone was that they lent money irresponsibly to too many people. Most of us, if offered the chance to have a spending pot of more money than we earn in a month, would be sorely tempted. … [Read more...]

Why Do We Use Credit?

When someone falls into debt due to a history of using credit there is invariably a rush of questions as to why they saw fit to borrow so much in the first place. Part of the reason is the way that credit has been sold by the banks ? if you apply today you could have that new car tomorrow ? and part … [Read more...]

Secured Loans ? The Pitfalls

Taking out a loan for a small amount to pay for a purchase that is just outside your usual spending power should be quite a manageable situation. If you take the loan out at a reasonable rate of interest over a decent term then you should be able to make the repayments even if you find yourself out … [Read more...]