Being an avid money blogger and working in the debt industry, I have a keen interest in money statistics. Some leave me completely dumbstruck − others don’t surprise me at all. The money statistics in this article may surprise you,…
Back in July 2010 the average Brit owed £4,513 in credit cards and unsecured loans. That’s according to statistics compiled by The Money Charity. In July 2016 the same average person owed £3,695. That’s a fifth less. So the amount we…
Continue reading the "Could you eat your debt in Big Macs?" »
Here at ClearDebt we have been saying for some time that Individual Voluntary Arrangements) (IVAs) have become the procedure of choice for those people who have debts they can’t pay and a regular income to enable them to make contributions…
Continue reading the "The rise and rise of the IVA: Latest insolvency debt statistics" »
With the average UK household debt rising to £54,636 in April 2016, it’s hardly surprising that money worries are one of the biggest factors in relationships breaking down. You may have already been carrying a significant amount of debt before…
Continue reading the "With this debt, I thee wed: 5 common partner debts explained" »
If you have fallen behind with your debt repayments or defaulted on debts you owe, you could be threatened with bailiff action. In this short guide we’ll explain what a bailiff is, when they can be called upon to collect…
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