Last year credit card companies earned more than $14 billion dollars from interest. That's interest that people like you and I are paying when we carry a balance from month to month on our credit card...
Many of us have credit cards for the convenience. Most cards today come with rewards (such as points/miles that are good for "free" gifts). In addition, cards often come with bonuses, like zero intere...
In the last few years, consumer debt in Britain has been spiralling: from credit card debt to large mortgage burdens, it seems that UK spenders have become a nation of borrowers. A recent articl...
As consumer debt in the UK hit £1trillion in 2006, a recent report states that creditors had written off £1.4billion of personal debt during the same year. The record amount has been written off aft...
Generally speaking, Americans put themselves into debt because of overspending. Sure, there are some extreme circumstances like medical emergencies, loss of a job, and divorce, all of which can put a ...
There are three terrifying words that most people do not want to share with their friends: credit cards debt. Sure, we love our credit cards. But we fear (and are often ashamed of) our debt. Most of u...
If you are struggling with financial problems, particularly if you are being threatened with bailiffs and Court, then it is imperative you get professional debt advice as soon as possible. However, fo...
In recent times, there have been growing concerns with regard to the ever-increasing levels of consumer debt in the UK. Such is the height of the problem that recent figures revealed that by the end ...
There has been a new emerging threat to the financial sector of most developed countries. The introduction of plastic money and a tremendous acceptance of the same among both business organizations an...
One of the biggest problems the US is facing today is the increasing consumer debt. And coupled with that is the fact that personal savings have hit an all time low. With such extreme situation on bot...