Are you ignoring your financial situation?
As news that more and more of the UK population are being declared bankrupt hits the headlines, there is a growing fear that this is very much just the tip of the iceberg. It is widely predicted that there are literally hundreds of thousands if not millions of the UK population finding day-to-day living expenses difficult to cover but trying to carry on with life as normal. So are you one of the UK population ignoring their financial situation?
The problem with debt is the fact that if left unattended it can easily multiply and cause serious problems for your everyday life. However, those who attack their debt situation as soon as it appears will have the best chance of a sympathetic ear from their creditors. Leaving your critical financial situation to get worse and worse before finally being forced into doing something about it is not the way ahead.
There are a number of very useful debt agencies throughout the UK which will give you unbiased advice about your situation, your prospects and what you can do to alleviate the pressure. As we have covered on a number of our posts of late, the prospect of financial hardship in the future can not only affect your bank balance but also your overall health. There are options out there but those who choose to put their head in the sand are the ones who will feel the wrath of their creditors in due course.
Share this..
Related stories
EHRC suggest retirement age should be scrapped
The Equality and Human Rights Commission (EHRC) has today issued a report suggesting that the official retirement age in the UK should be scrapped. The commission believes that employers in the UK should be incentivised to maintain older staff within their workforce and utilise their experience and skills into later years. However, is there an undercurrent to this particular suggestion? While i...
Read MoreComplain, complain, complain
How many times over the last 12 months have you bought an item or paid for a particular service which you have found to be substandard? However, how many times have you actually complained?
If you were to revisit the number of items you have acquired which were substandard or services you have paid for over a 12 month period it is highly likely you will have spent hundreds if not th...
Investors fightback in director bonuses row
Investors in house building giant Bellway have today voted down a move to pay directors substantial bonuses despite one of the worst years on record. The directors of the company had already voted through six-figure bonuses for a number of employees although they have now cancelled the plan after shareholders revolted at the recent shareholders meeting.
Quite how company directors c...
Is the regulatory clampdown too little too late?
As the Chancellor of the Exchequer and the Financial Services Authority (FSA) warn the city to be prepared for a serious tightening of the regulatory belt over the next few years, many people are suggesting this is all too little too late. There is also a feeling that Gordon Brown has a lot to answer for as he was Chancellor of the Exchequer and oversaw some major changes in the regulatory framewo...
Read MoreAndrew Sentance repeats call for UK rate rise
Andrew Sentance has again repeated his call for an increase in UK base rates with concerns regarding the strength of inflation in the UK. Despite the fact he is outnumbered, as the sole MPC member in favour of a UK base rate rise at this stage of the economic cycle, he continues to repeat his thoughts and hopes for the future. So is Andrew Sentance right? While there's no doubt that if inflatio...
Read More