http://www.simpledebtsolutions.co.uk/blog3 Just another WordPress weblog Wed, 28 Jan 2009 10:23:54 +0000 http://backend.userland.com/rss092 en I was having a think and the most pressing debt at this time of year if you’re self employed or, for whatever reason you have to send in a tax return, is obviously your tax bill.   The internet provides the ability to pay your tax bill on line and this has ... http://www.simpledebtsolutions.co.uk/blog3/?p=33 I am sure you will agree with me that it is near impossible to avoid the daily headlines signalling that more financial troubles lie ahead.  As the credit crisis continues to take hold of the economy, everything points to recession.  I think we are already in a recession. As food and ... http://www.simpledebtsolutions.co.uk/blog3/?p=32 In my last blog instalment I mentioned recession. Now it appears that everyone agrees that the recession will hit but now they are trying to anticipate how bad it will be. Economists won’t get it wrong but will it be the ‘storm of the century’? The last super recession, or depression ... http://www.simpledebtsolutions.co.uk/blog3/?p=31 They just don’t seem to match recent price increases. On the front page of the Telegraph’s business section today there are details of inflation and it appears to be running between 4.4% and 5.3% but how on earth do they come to that when gas and electric have gone up ... http://www.simpledebtsolutions.co.uk/blog3/?p=30 The latest and most notable debt statistics are: £1 million of debt incurred every 5 minutes The daily increase in UK debt is £309 million The average household debt including mortgages is £57,420 We pay £257 million interest on our debt every day The total UK debt is £1,430 billion Nearly 300 people will be declared ... http://www.simpledebtsolutions.co.uk/blog3/?p=29 When you’re trying to remortgage or take on a mortgage for the first time now you will not only be hit by the increase in interest rates but a massive increase in loan fees. Mortgage fees have in most instances doubled and in other instances there are uncapped fees.  One lender ... http://www.simpledebtsolutions.co.uk/blog3/?p=28 Consumers are running into trouble as a combination of rising costs and tighter lending criteria squeeze their spending powers. Provident Financial has reported that more and more people are borrowing money from them and it blames food and fuel prices. It is worrying that people are borrowing money to live ... http://www.simpledebtsolutions.co.uk/blog3/?p=11 Simple Debt Solutions have advised thousands of people, and by far the most common and largest debt we find our clients have, is with Northern Rock. Many of the debts we see are in respect of mortgages (secured debts) with part unsecured. 125% mortgages. So for example, ... http://www.simpledebtsolutions.co.uk/blog3/?p=27 So everybody is getting refused mortgages which they were obtaining to get rid of all their credit card debt. The credit crunch is biting and the lenders have tightened up their criteria which apparently hardly anyone fits. So if you have debts or are self employed you may struggle to ... http://www.simpledebtsolutions.co.uk/blog3/?p=26 Latest figures show that Britain’s personal debt problem has hit the £1.17 trillion mark, up 10 per cent on last year and with cases of personal insolvency at a record high, it is clearly out of control. Many businesses already provide their employees with a combination of healthcare, pensions, flexible benefits ... http://www.simpledebtsolutions.co.uk/blog3/?p=25