Debt Help in General

I like many others on here and outside in the "real" world know what it's like to be in Debt. The nerve-wracking daily wait for the post to be delivered is as bad as the constant ringing of your phone and you find yourself spiralling in a downwards direction seemingly with no hope of ever getting out of it. Banks do not help, they give you massive credit limits and encourage you to spend on their cards, you are welcomed in with open arms at first but when you find yourself in need of help they do not want to listen and start a campaign against you that can make the most level headed person begin to crumble. You end up taking out more debt to pay ...  Read the complete review

If you are in debt, the only place I would ever advise anyone to go is to Citizen's Advice Bureau (CAB). Here is an account of my experience with them when I was 19: I was about £13k in debt, as a full time student people just kept throwing money at me. I would spend the money on my rent, food shopping, clothes, records, utilities, travel, I wasn't working partly because my course was pretty intense and mostly because I was 18 - I didn't have a clue about the real world. At first I would use one card to make my payments, then another to pay that, it soon spiralled out of control and before I knew it I had 3 Overdrafts totalling £6k, 4 Credit Cards totalling ...  Read the complete review

Over the last twenty years or so, having a credit card (or two) and a loan (or two) has become the norm. Before that, borrowing criteria was stricter, and the banks were not so eager to lend cash, whether for general spending, or for house purchases. With the ease of obtaining credit, whether by using catalogues, applying online for credit cards, or accepting one of the many "guaranteed offers" that came through the letter box from the bank, many people have built up balances that just a few years ago would have been unthinkable. Add to this the fact that many credit card providers have automatically increased customers' limits without request, and ...  Read the complete review

In today's economic meltdown where money is almost being hemorrhaged by the financial systems put in place to look after it, we all need any tips, tricks and secrets to save money. Obvious those of you with credit cards, will be wanting some inside information that you may not have known about. So here you are with an insider who will reveal 6 things you may not know about Credit Cards, that may be costing you money. so heres some tricks to save you money and use them wisely. 1- Making payments on time: If you make a monthly payment like most credit cards do, make sure you pay it on your due date. Paying it too early may end up with your being charged a fee ...  Read the complete review

Having read some of the excellent reviews on this subject, and rather than expanding on, or adding to, previously introduced ideas and suggestions, I would like to make readers aware of a website that is, quite simply, the single most helpful resource I have yet found on the subject: - The Motley Fool - Dealing with Debt discussion board. http://boards.fool.co.uk/Messages.asp?bid=50079 For those who have not heard of the Motley Fool site, it is one that my husband spends most of his on-line time on, covering as it does most aspects of personal finance and investment, and one of the keystones of the site is the breadth and diversity of the ...  Read the complete review