Articles Tagged With: Debt Problem

Having to be more careful with money following the recession has made people more spending savvy in general. According to Ed Bowsher, head of consumer finance at lovemoney.com, it has forced people to

Banks holding Greek debt accept a 50% loss after a series of hard fought negotiations. The new plan will reduce Greek debt by 120% of its GDP by 2020. How much could you reduce your personal debt?

Consumers who can only afford to make minimum monthly repayments on credit cards may have debt problems, it has been suggested. Writing for lovemoney.com, Rachel Ronson said these are set at "ridiculously

Scots often pride themselves on being careful with money and not being profligate with it, but debt is not something that is unknown in Scotland and many people do find that debt is something that starts to take hold of their lives and then can easily get out of control. If you consider that the average Scot owes something like £31,000 per head, then it becomes clear that debt is not something that happens to other people it can happen to anyone and everyone.

Regardless of how careful you are with money, a change of circumstances can easily affect your financial situation. When you are experiencing debt difficulties it can be difficult to know youre your options are and who to turn to for advice. Dont despair. Moneyextra is here to help; we provide our customers with confidential, no obligation debt advice. If you are looking for debt advice we can help you.

The first step to sorting out your debt problems is to recognise that you have a debt problem. This is very often the first hurdle and one most people struggle with.