Balance Transfers - An article providing information on Balance Transfers on Credit Cards. |
Author: Ronan Duffy |
What is a balance transfer?
Despite the “credit crunch” that we have heard so much about in recent months, low rates of interest can still be available to the UK consumer. Many credit card providers seek to attract new customers with introductory offers of low rates of interest – These rates can even be zero. go to this debt article... |
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| New Years Resolutions - An article discussing the financial turbulence in the U.K. economy. |
Author: Ronan Duffy |
My articles in previous months have been somewhat depressing and downbeat. This would be surprising to those that know me as by nature I am optimistic. It can be a fine line between optimism and naivety but there comes a time when even the most optimistic of individuals have to face reality. go to this debt article... |
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| The Construction Industry Scheme - An article that raises issues with Self Employed workers and the Construction Industry Scheme. |
Author: Michael Peoples |
You are probably aware the current Construction Industry Scheme (CIS) is to be replaced by a new system from 6th April 2007. There will no longer be any CIS registration cards, certificates or vouchers.
Instead contractors will now have to "verify" new sub-contractors directly with HM Revenue and Customs (HMRC). In addition, each main... go to this debt article... |
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| Self Employed Workers and IVAs - An article that raises issues with Self Employed workers and IVA's. (Individual Voluntary arrangments) |
Author: Michael Peoples |
| Over the past few months there have been numerous press articles concerning the increasing level of personal insolvencies and in particular Voluntary Arrangements (IVA's). IVAs were introduced in England and Wales in 1986 folowed by Northern Ireland in 1989. Initially, they were aimed... go to this debt article... |
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| Insolvency, IVAs and Construction IVAs - An article that raises issues with Self Employed workers and IVA's. (Individual Voluntary arrangments) Particularly in the field of construction and property. |
Author: Michael Peoples |
| Despite the record level of insolvencies in the UK, the Bank of England again has raised interest rates taking them up to 5.5% which is a six year high. It is expected that at least one more rise will take place this year as the bank attempts to keep a tight control on inflation... go to this debt article... |
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| Insolvency & Administration - An article that discusses Leeds United, Insolvency and Administration |
Author: Michael Peoples |
| Leeds United will have followed the current crisis at the club with great interest. Most football fans have heard of Administration and know that any club choosing this path will be automatically deducted 10 points. However, how many fans know exactly... go to this debt article... |
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CVAs and Self Employed Businesses - An article that discusses CVA's (Company Voluntary Arrangements) and Self Employed |
Author: Michael Peoples |
| Last month I described administration and how it affected Leeds United. In order to save the club from liquidation* the administrator propsed a cmpany voluntary arrangement (CVA). Under the proposal, the club would be sold back to a consortium led by the majority shareholder Kent Bates, and... go to this debt article... |
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| Exploding the myths - Taboos of IVAs, Insolvency and debt - An article that discusses the taboos surrounding Insolvency, IVA's and debt |
Author: Ronan Duffy |
| The past decade has experienced a huge growth in the number of personal insolvencies – Back in 1998 there were less than 30,000 per year. In 2007 it is likely that over 145,000 will be declared insolvent. To put this in context that equates to the entire population of Oxford for the year or 400 people... go to this article... |
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| Growth in personal Insolvencies - An article discussing the rise in debt and therefore Insolvencies (bankruptcies and IVA's) within the U.K. |
Author: Ronan Duffy |
Growth in personal insolvencies (bankruptcies and IVAs) has been dramatic over the past decade in UK. It has been fuelled by the availability in credit and economic factors such as unemployment/ under employment.
UK household debt now in excess of £1.3 trillion of which about... go to this article... |
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| Debt and the Family - An article that touches on how being in debt can affect the family |
Author: Ronan Duffy |
| Being in debt is a very harrowing experience and affects all areas of an individual’s life and affects their family as well. The level of debt varies from family to family, but the effects appear to be the same. People are suffering from distress and stress, depression and aggravation of illnesses, such as diabetes. We have also found that the level of communication is also a factor in how... go to this debt article... |
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| Banks & Treating Customers Fairly - An article that discusses the rising levels of debt, banks and their customers and how they are treated. |
Author: Ronan Duffy |
| The UK’s big five banks recently reported huge half year profits to the City and are projecting profits over £40 billion for the full year. I don’t want to sound like Gordon Gecko but “profits are good” and these profits could be construed as good news of a buoyant economy. Sadly however this is against a backdrop of falling house... go to this debt article... |
| Fall in Insolvencies - An article that discusses the rising and falling of levels in Insolvency |
Author: Ronan Duffy |
| In recent months I have written on the dramatic growth of personal insolvencies in the UK over the last decade and of the reasons behind this growth. That is to say it was primarily down to the explosion of availability of credit and other economic factors. I have suggested that it will only get worse before it gets any better. Then earlier this month the third quarter statistics were released by the government's Insolvency Service... go to this debt article... |
