The advice: Consolidate your debts into one personal loan with lower monthly repayments The reality This can be a good way to simplify your finances and bring your budget back under control, especially if you use the loan to pay off borrowings that are charging higher rates of interest. Just remember that lower repayments can [...]
We all know that life brings many stresses with it. One of those stresses is credit card payments. We are all human, and sometimes we make mistakes. We fall behind on bills, and we might not always pay precisely on time. It’s happened to many of us. So if that happens, what is the worst [...]
The Government’s launch of a voluntary law on payment terms to encourage the prompt payment of bills between businesses as firms across the UK battle to survive rough economic straits is unlikely to spark a genuine move away from late payment culture in the UK, warns large credit agency Graydon UK. The voluntary code, announced [...]
The situation isn’t pretty, to say the least: With a dozen UK universities standing to lose £77 million (US$125 million) in collapsed Icelandic banks, the higher education sector appears to be facing an uncertain future and a rocky road, The Guardian reports recently. But could the global financial downturn in fact spell good fortune for [...]