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Despite the fact that the worldwide economy is on a slippery slope it seems that less people filed for bankruptcy in the first quarter of 2008 compared to the same period last year. Figures...
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Remortgage Arrears
Crystal Clear Home Loans specialise in remortgage problems like mortgage arrears. Talk to our dedicated remortgage specialists.
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Monday 18th February 2008
Borrowers are becoming increasingly worried over their ability to repay their debts, a new study has shown.
A poll conducted by price comparison website MoneyExpert.com showed that 27 per cent of people with debts have increased their debt level during the last three months.
However, in the wake of this spate of increased borrowing, more consumers are concerned over their ability to make repayments.
MoneyExpert.com found that described themselves as either 'very concerned' or 'concerned' over the level of debt they have built up.
The worrying findings prompted a warning from Sean Gardner, chief executive of the website, who urged anyone who is in this position to take immediate action or risk the situation becoming worse.
He said: "There are many ways for people to get their finances under control.
"Whether you need to consolidate your debts with a loan or just juggle your borrowing onto cheaper products, the important thing is to work out a repayment plan and not bury your head in the sand."
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