Negative equity is a big problem for Britain’s highest earning debt worriers and fewer people can rely on adding to their mortgage to fund credit card debt.
A recent report has suggested talking about the bargains you’ve managed to hunt down is becoming more of a talking point than having splashed the cash on expensive purchases. Is the same true for people talking about their debts rather than how much money they have saved for a rainy day?
When one person in a relationship has debts it raises a lot of questions about who takes responsibility in the event of marriage, divorce and separation. We answer some of the most frequently asked questions for people who are in debt and in IVAs.
Debt has been in the headlines a lot lately, from national UK debt to football teams. The stories which perhaps have had the biggest impact are the real-life debt stories which show the human side of debt and in some extreme cases the loss of life due to debt.
Another article has been published recently in a national newspaper about the rising levels of women in debt. We challenge the view that all women are in debt due to irresponsible spending.
Daily Mail columnist Liz Jones as talking about her debts again, but this time she’s also talking about women in general and why she thinks so many women can’t manage their finances. Her columns are always controversial and usually receive a lot of strong comments! We dissect her article and find that amongst her sob story, she makes some very valid points about personal debt problems in women.