It would be wrong to assume that I hate credit because I once had a debt problem. It wasn’t the fault of the credit companies that I got into debt, it was my fault. The fact credit was once so readily available was poor management on the part of the credit agencies but for the most part people repay their debts. There are different types of credit available which can meet different needs. It’s important to note that not all credit is there to help you. Credit is created for different purposes and reading the fine print is essential. Good […]
People Don’t Want More Debt… Or Do They?!
It was reported recently in the national press that people have stopped borrowing money on personal loans and credit cards because they are paying off their debt. This is a conclusion which is unfounded in my opinion. The error comes from journalists and over optimistic politicians who want the situation to be true, however, I suspect the truth is a lot darker in nature. The Facts £351 was borrowed in August 2012, considerably less than the same time last year. At the same time, people continued to make payments back to their contractual debt agreements. At first glance this could […]
