Barry O’Halloran writes in the Irish Times that more and more people are moving to Northern Ireland from the Irish republic to declare themselves bankrupt. It goes to show what folks will do when they are put on the spot, read more below Rise in numbers applying for bankruptcy in NI, says expert – Irish Times news.google.com Bernard Dunleavy – a barrister who has represented parties in a number of high-profile cases – told a conference yesterday organised by Kavanagh Fennell to discuss personal insolvency proposals that in 2010, 905 people applied to Northern courts for bankruptcy. Last year, this [...] Read more »
Declaring Bankruptcy – Earning £1.5m a year ?
I’m declaring bankruptcy – something which is we’re hearing more and more as the full extent of the UK’s debt is discovered, however it is hard to believe that young highly paid premiership footballers could be considering it as a way to escape from their debts. read more below Premier League – £1.5ma-year stars ‘risk bankruptcy’ – Yahoo! Eurosport UK news.google.com Yahoo! Eurosport UK “In 2010 the average salary of a player in the Premier League was £1.47 million, 56 times the average UK wage,” Sands told the Birmingham Mail. “But as their wages have increased so have the number [...] Read more »
Debt Consolidation loan – Choosing the Right Provider
I read today that customers are favoring personal loans to consolidate their debts above other mediums, it seems that there are a lot of hits on the price comparison websites in order to find the best deal. I’m all for anything that will allow people a chance to find a debt consolidation loan as long as it is competitive and has no onerous strings attached, read more below. Consumers Choosing Short-Term Savings by Consolidating Debt news.google.com The current economic climate has left many consumers struggling with personal debt from a number of sources. With credit card bills, hire purchase agreements and overdrafts, the cost of servicing debt can really [...] Read more »
Sharp drop in UK insolvencies – Fresh Business Thinking
It seems that in some parts of the UK there are positive results showing up on the level of new insolvencies. OI came across this post by Graydon UK and although it is very encouraging there are still contrasting reports from other parts of the country where insolvencies continue to increase. Sharp drop in UK insolvencies – Fresh Business Thinking news.google.com Company failure rates during the first three months of 2012 were nearly 20% lower than the same time period two years ago, according to the latest Graydon UK Insolvency Predictor. Based on data published today by the commercial credit [...] Read more »
Bad Credit repair Tips
One of the biggest scam’s people falls into is the 0% down and 0% interest line. These numbers entice us and we never even bother to read the fine print. By the time the interest does kick in. We’re left with debt that seems insurmountable. Don’t fret too much. You can get out of debt, and we’ll tell you how. When attempting a bad credit repair it is important not to miss any more of your monthly credit card payments. You will never be able to truly repair your credit if you do that because this missed payment will go on your credit [...] Read more »
Debt Relief Order – Will it Affect my Credit Standing
Before looking at a debt relief order application it is wise to first consider just how important your credit rating is, it is a fact that mortgage and credit card companies rank this factor higher than all others when assessing you for a loan It is up to you to show that yoour credid score can sustain repayments for any new mortgage, credit card or loan If your having issues with your credit score or have a bad debt problem it’s not the end of the world,this article has great advice on credit repair to ensure that you will not [...] Read more »
Credit Score – Rebuilding After Bankruptcy
When rebuilding Your Credit score after bankruptcy it is a good idea to try your best to maintain good credit. You will need that to do everything from buying a car to renting an apartment. There are even certain employers that will not hire someone based on a bad credit rating. If you have bad credit you need to do your best to get it back in order. Read on for more tips to improve your credit score. Credit Score Repair with Personal Bankruptcy If personal bankruptcy is your only option you have, attempt to file before trying other fruitless [...] Read more »
Debt Consolidation Loans – The Demand Keeps On growing
A new research poll suggests that the rate people are using debt consolidation loans is rising more quickly in the UK than ever before. Sainsbury’s loans said that it estimates as much as thirty percent of all personal loans given between January and March 2012 are likely to be used for debt consolidation. They went on to say that it could be as many as 157,000 peronal loans and is worth as much as £1.5 billion. Debt Consolidation Loans – the survey The researcher found that an average debt consolidation loan would be in the region of £9,800, which suggests [...] Read more »
Does Your Pay cheque Last A Month
Recently it was revealed by a Halifax Bank and Building Soceity report that the average British worker spends most of the month worrying that their pay cheque does not stretch to meet all the payments for the month. In the past a high percentage of workers would have some rainy day funds to fall back on, but now it is the reverse, in fact a high proportion are deep in debt. It was revealed that ten percent of the workers surveyed admited that they felt the pressure building from unpaid bills within seven days of being paid. The larger proportion of [...] Read more »
Are We Getting The Message
Reading the Newcastle Journal, I discovered a small paragrapgh relating to a recent report from the Bank of Englaand in which they stated that they were seeing a definate trend towards people pulling in the reigns on their spending habits. It went on to say that the figures showed that there was evidence of a downwards shift in consumer spending during the month of December. This is great news if the figures stack up as it is showing that people are starting to realise that they can’t continue to spend like they were without suffering the consequences. It also goes [...] Read more »