Category: Debt & Financial Services
Bank Of England – Inflation To Hit 5% By Year End
Families were warned yesterday they face a further squeeze on their finances as the Bank of England said inflation will hit 5 per cent by the end of the year. The Bank cut its growth forecasts for 2011 from 1.8 per cent to 1.4 per cent and warned that ‘headwinds are becoming stronger by the [...]
Debt Consolidation – Relying on Savings To Help Clear Debts
It makes more sense to instigate a debt consolidation strategy than try to build up savings in the current economic climate, an expert has said. Justin Modray of candidmoney.com said that with many people in debt, some of those who do have savings will actually be using them to pay off some of what they [...]
Repossessions – What You Need To Know
Repossession is a term used to describe a “financial institution” that allows you to take back an object or property that was used as collateral, rented or leased. It is a “self help” action in which the rightful owner of an object or property is able to take back what belongs to them without invoking [...]
Debt Management Plan – What Does It Mean?
A debt management plan (DMP) is a short term financial solution that is designed to help you re-pay your debts under a more manageable payment plan. Debt management is ideally suitable for those who have un-secured debts of over £3000 and less than £15,000. Lower affordable payments. Under a debt management plan you agree [...]
Is it the right time to take out a bank loan?
Is it the right time to take out a bank loan? The recent budget, the first of the coalition’s term in office, was a bit of a ‘steady as she goes’ affair. But buried underneath the headline-grabbing one penny off fuel duty and increases in the price of cigarettes and alcohol was a wealth [...]
Bankruptcies and corporate liquidations are falling
Fewer people went bankrupt and fewer companies went bust in England and Wales in recent months – but experts caution that the improvement could be short-lived. The Insolvency Service said there were 33,935 personal insolvencies in the quarter to September, 3.7% fewer than during the same period in 2009. However, this is still well above [...]
Qatar
Strong macro backdrop tempered by higher banking penetration and challenging funding Endowed with one of the largest gas reserves (c.15% of world reserves), Qatar is amongst the richest economies in the world (GDP/capita PPP levels of US$83,000) and is expected (IMF) to be amongst the fastest growing economies with real GDP growth of c.10% over [...]
Consolidation loans
Consolidation loans Paying off a number of debts can be made easier by consolidating them into easy, single monthly payments. There are different ways to consolidate loans and debts with varying terms and conditions, but for many people they can be a more affordable and less stressful way of coping with debt. Having a number [...]
