UK Consumers Regaining Control Of Runaway Levels Of Personal Debt
The UK in recent years has seen a massive growth in the levels of personal debt and thanks to increases in secured loans corresponding to a strengthening of the housing market; it does not appear to be slowing down. Recent figures from Creditaction show that since the end of 1993, when debt levels were around [...]
The Threshold between Wealth Creation & Destruction
Wealth is simply the accumulation of money, and it can only be created by the amount of money that is received and never spent. If you want to build wealth, then anytime you receive money: don抰 spend all of it. Sure it is a very simple concept, but it is very difficult to continually achieve. [...]
UK Personal Debt Problems Creating Hardship For Nation Young Adults
Problem personal debt levels, especially for people under 25, in the UK have risen since last year according to the Consumer Credit Counselling Service (CCCS). In a report released this week they revealed that the average client aged under 25 coming for counselling in 2005 owes ?5,000. The report also states that 揗ore young people [...]