Posts Tagged ‘credit card debt’
Bankruptcy- What can happen?
Bankruptcy, the “B” word, is feared by many and has negative connotations associated with it. Sadly, we see many Creditors petitions in Court for borrowers being made Bankrupt by their Lender. Perhaps the stigma surrounding Bankruptcy has been reduced since 2008 due to the increase in numbers filing for Bankruptcy but it is still something…
Read MoreWill seeking to reach a settlement with my lender impact on my credit rating?
Far too many people underestimate the importance of their Credit Rating. It is a key tool in life and maintaining your credit score can bring about significant benefits to you in sourcing any form of credit from an Energy Account, Mobile Phone, Credit Card and all the way to Mortgages. A strong credit score will…
Read MoreLONDON – IS THE BUBBLE BURSTING?
Bell & Company have previously written posts on the potential property bubble developing in London and the South East of England. In the last week there have been murmurs in the financial press that the bubble could indeed be bursting. London, once deemed one of the most secure property investments, is now looking shaky. A…
Read MoreREPUBLIC OF IRELAND BANKRUTCY CHANGES – ABOUT TIME!
Bell & Company have commented regularly on Personal Bankruptcy in Northern Ireland. It can prove to be a useful tool for borrowers whose debts are so significant that there is no route to negotiate with lenders. Providing the Client’s circumstances align, Personal Bankruptcy can “clear the decks” and the individual can start again. We regularly…
Read MoreWE CLEARLY HAVEN’T LEARNT – UK CREDIT CARD DEBT
You’d have thought that UK consumers and lenders alike will have learnt from 2008 Global Financial Crisis. It seems not, as a nation we are still incredibly credit hungry. You cannot dispute the below figures: Credit Card market is worth c£60 billion Credit Card Borrowing increases by £300 million every month alone 2 million Borrowers…
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