Posts Tagged ‘credit card’
Why we should think before taking out Credit Cards
Why you should think before you pick up the plastic UK consumers are using credit cards, debit and charge cards more and more; 77 million more purchases were made on cards in the second quarter of the year than in the first three months of 2017. Many view cards as an easy way to pay…
Read MoreMy home has been sold and now I have received a letter chasing an outstanding balance. What are my options?
As the various lending institutions work through their ‘delinquent’ mortgage books, more and more people are approaching us at the end of the sale process, when the lender and their agents, usually solicitors, chase and seek recovery of the outstanding amount due, after the disposal of the asset(s) involved. If a property was purchased pre…
Read MoreBankruptcy- 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 MoreINTEREST RATES STAYING THE SAME – WE ARE IN DANGER OF BECOMING ADDICTED
This month we just passed the seventh year anniversary of Interest Rates being set at a record low 0.5%. The Budget announcement and Brexit have stolen financial press headlines to this milestone sneaked under the radar. The graph below (although slightly comical) shows the Interest Rate trend over recent years. The 0.5% rate was set…
Read MoreHAPPY NEW YEAR FROM BELL & COMPANY
We are back at Bell & Company HQ on Rosemary Street and geared up for a fantastic 2016. From all of the team here we sincerely wish everyone a Happy New Year and hope that 2016 will be a successful and prosperous year for you. From our stand point 2016 looks incredibly exciting. We have…
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…
Read MoreIVAS – WHY WE DON’T LIKE THEM
Our client liaison team often field queries in respect to IVAs. Many initial enquiries requiring our resolution service have a portfolio of properties in negative equity and feel the IVA route may suit them, accordingly they often contact an Insolvency Practitioner. Typically at Bell & Company we do not like IVAs, though in some instances…
Read MoreCan I Preserve my Credit Rating?
Your Credit Report and Rating are very important. Many underestimate the value of a good credit rating and the positive impact it can have on your life. It is crucial that you understand what a credit rating can achieve for you. Any substantial financial decision you or your family make will likely require your credit…
Read MoreDEBT MANAGEMENT – WE DO THAT
At Bell & Company we deal with all forms of debt. We assist clients with outstanding debt of millions of pounds to individuals who are struggling with much smaller credit card balances. No matter the size of debt, it is very personal in its nature and Bell & Company understand the stress of any debt…
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