A third of Britons are happy to lend money to their friends but many accept they will never see the cash again, a survey has indicated. Around 32% of people are happy to give their friends a loan, typically handing over around £40 each, according to online payment group Moneybookers. But 35% said they knew [...]
Tuesday July 20th, 2010
32% ‘happy to loan to friends’
Banks have been urged to treat people who have gone bankrupt fairly and give them access to a basic account. Charity Citizens Advice said the majority of banks were refusing to let undischarged bankrupts open even a basic bank account, that did not have a credit facility, despite there being no legal justification for this. [...]
The financial and psychological burden of being in debt causes us and our families continuous emotional stress. That stress eats away at the quality of our lives and leaves us feeling powerless, angry, depressed and helpless. But there is a way out, in fact, there are five simple and straightforward ways out of debt – [...]
Consumer debt is a terrible thing, and when it gets particularly bad, many people end up filing bankruptcy because they can see no other way to end the situation. UK residents are fortunate in having the option of an IVA to use if their debt situation is very serious. This was designed as an alternative to bankruptcy, [...]
Debt collection companies sometimes use bullying tactics and a person’s ignorance of the law to try and claim a debt which is not enforceable by law. If you ever get a call or a letter from debt collection companies saying you owe money for a debt then you have to know the law relating to [...]