Posted on Wednesday, 16th March 2011 by admin
For many years, The Insolvency Service has been recording data about how UK individuals have dealt with their unmanageable debts, and while we often look at and compare this data on a quarter-by-quarter basis, relatively little is done to compare how times have changed over the longer term – over the last decade, for example.
Aiming [...]
Posted on Friday, 14th January 2011 by Nicholas P
Trust deed is a legal agreement entered into between the buyer and the lender of the loan. It is a legal agreement that binds the creditor and debtor to make monthly for 36 months for pre agreed amount and any remaining unpaid or unaffordable debt is written off thereafter.
Learn more…
Tags: Deed, Trust Deed
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Posted on Saturday, 8th January 2011 by Nicholas P
Rational Financial Behavior
We all like to think that we’re rational human beings. That our decisions are based on facts and logic. After all, that’s what intelligent people do. At least that’s what we think they do.
It turns out that there’s a pretty healthy controversy about that. For years, economists at the Univ. of [...]
Tags: Behavior, Financial Behavior, Rational Financial, Rational Financial Behavior
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Posted on Monday, 20th December 2010 by Nicholas P
The decision to choose between debt consolidation and bankruptcy arises if you have reached at a point where you simply can not keep up the payments regularly then you might have to consider either debt consolidation or bankruptcy as a debt solution.
Without having enough knowledge about each, it seems both are easy and effective [...]