Money

Dear Debt Adviser, When trying to open a checking account , my husband and I were made aware of a past debt that is being reported to an outfit with a name that sounds like a credit bureau . But, nothing is listed on our credit report . This debt is from at least 2006, and when I was contacted about it, I asked multiple times to have the details of the debt sent to me in writing. Each time, we    .. more …

There are a number of common financial woes which many people face in their lives. This article is set to offer you some guidance on how to effectively address these problems and sweeten your financial situation. Problem 1) You have found yourself unable to make the monthly repayment on your mortgage.How to squeeze: If you do find yourself in a situation where you cannot meet the monthly repayment    .. more …

Dear Debt Adviser, I have about $50,000 of debt on credit cards . My credit rating is still high. I am considering a debt consolidation loan . Will that adversely affect my credit rating? — DT Dear DT, The cliche about rearranging the deck chairs on the Titanic came to mind when I read your question. Debt consolidation won’t address the real issues that may sink your credit rating!Moving the    .. more …

With rising living costs and pay freezes in a range of sectors, this is simply too high for many first-time buyers. But it is not just first-time buyers who are struggling. Those who are trying to move house are also struggling to come up with the money required to do so. Things like Stamp Duty and agents’ fees mean that the expenses easily stack up. So how can you reduce the cost of moving    .. more …

There are a number of ways to generate extra income to increase the size of household budgets, and some don’t even involve leaving home. Below are just a few: 1. Rent out a roomRenting a room in your house as a Monday-to-Friday let will mean that you can put aside more money to contribute to your mortgage payments or monthly bills. English Language schools are always on the lookout for families    .. more …

Figures from debt charity, Credit Action, found that every 4 minutes and 23 seconds, someone in the UK is declared insolvent. Mounting debt problems can quickly become a serious issue for many and whilst no one wants to file for bankruptcy, there is an alterative. Individual Voluntary Arrangements (IVAs) are a potential alterative to bankruptcy. They allow you to make a proposal to the people you    .. more …

A damning debt management report from the Business, Innovation and Skills Committee (BISC) raised concerns over the wild west’ playing field for payday loan lenders. The controversial loans have left millions in a debt hell’ as many struggle to make the high interest repayments and are at risk of spiraling further into debt. For the worst hit victims of payday loans, their huge debt problems have    .. more …

MADRID (AP) ” Investors showed a healthy appetite for Spanish debt Thursday but demanded a higher borrowing rate in an auction that was a key test of confidence in the government’s ability to get a handle on its debts. The Treasury auctioned 2.54 billion ($3.33 billion) in two- and 10-year bonds at the top end of targeted demand. It had set a range of 1.5 billion to 2.5 billion for the sale.The    .. more …

Markets slide as worries about the indebted eurozone nations return, with Spain’s borrowing costs edging towards 6pc, and concerns in the US that the recovery may not be as solid as it seemed. Markets tumble as eurozone debt fears rise again Spanish borrowing costs edge towards 6pc IMF (Berlin: MXG1.BE – news ) urges forgiving debts to restore growth OECD: UK on brink of lasting recovery Report    .. more …

By Emily FlitterNEW YORK (Reuters) – Treasury debt prices rose on Thursday, retracing some of their recent losses, as a decline in manufacturing in China and the euro zone’s two largest economies raised demand for safe-haven assets and hurt stocks on worries that global growth was faltering.Price gains were tempered, however, and the benchmark 10-year note’s yield held a bit above the 200-day    .. more …