Personal debt

Credit Where Credit Is Due

Credit Where Credit Is Due

Many of you will have read my article about payday loan company, aptly titled I hate payday loan companies. I obviously wasn’t sitting on the fence when it came to payday loans. The companies are charging huge amounts of money to borrow relatively small sums of money. I mean a £25 charge for every £100 borrowed is the standard amount being thrown about. That’s horrendous but is it necessarily the fault of the payday loan company? Let’s be fair, many people are unable to obtain the credit they require because of the decline in availability. Credit cards and loans were […]

Admin or No Admin?

Admin or No Admin?

The decision has now come, do I change my name at the registry office from John to Admin or do I change my profile name on Debt Advice Resource… what would be easier? Well, I am fond of the name Admin, however, my partner prefers John. My kids could be confused when people start to call me Admin in the street and undoubtedly I will scar my children emotionally enough as they grow up. I could give them a couple more years. Admin has an authority to it and John is rather “common”. Decisions, Decisions. Changing My Name… This is […]

Debt & “The Final Straw”

Debt & "The Final Straw"

Debt doesn’t just happen. It grows over time and from the simplest of credit applications, you’re thrust into the adult consumer credit world. A credit card is a licence to spend and repay later. I’m surprised credit companies have not used the tagline “Enjoy now, life’s too short”. But becoming debt free isn’t as quick or easy as borrowing the money. There are a variety of stages that people go through before they are able to admit their problem is severe. The final straw is something everybody with serious debt problems experiences and they will remember it vividly. From friends […]