One Advice | Bankruptcy, IVA & Debt News

Hidden Debts of 600,000

OneAdvice — Sun, 05 Sep 2010 04:04:04 +0000

Taking out a debt management plan can be a good debt solution if you need help to manage debt, and if you find it a struggle to make payments to your unsecured creditors. But new researchb shows that these figures are being missed off the official Government insolvency figures. According to trade body R3, which represents [...]

Homeowners Need Deposit of over 20%

OneAdvice — Sun, 05 Sep 2010 04:03:55 +0000

First time buyers are becoming more stretched as the credit crunch limits the amount of best buy mortgage deals available. According to research published by This is Money, the average homeowner needs a deposit of £40,000 before they can get a mortgage deal at a good rate. The figure is up 43% from the previous year [...]

Credit Card Debt to be Restricted

OneAdvice — Thu, 02 Sep 2010 03:56:59 +0000

The Government aim to stop people getting into further credit card debt by stopping credit card companies from raising unrequested credit card limits, and to ban the sending out unsolicited credit card cheques. Credit card cheques may mean that their customers get into further credit card debt as these often carry a higher charge than using [...]

Home Improvement Loan Applications Increase

OneAdvice — Mon, 30 Aug 2010 02:45:07 +0000

In light of the changes to the housing market, homeowners are more likely to stay in their home to make renovations than purchase a new home. According to a survey by Lloyds TSB, there has been a 19% increase in the number of loan applications for house renovation compared with the previous year. The research also [...]

5 Tips to Beat the Credit Crunch Online

OneAdvice — Fri, 27 Aug 2010 01:37:31 +0000

As the credit crunch continues to sweep the UK, more and more people are turning to the internet to save their cash and to help them to avoid debt. Want to know how you can beat the credit crunch online? Read below for the One Advice top tips on how to make money, save money and [...]

Debt Consolidation Advice

OneAdvice — Tue, 24 Aug 2010 01:06:36 +0000

Many debt problems start with individuals struggling to manage a number of different creditors at once. Many find that having to make multiple payments to multiple creditors at multiple times of the month very confusing, which leads to missed payments and interest and charges being added. Getting debt consolidation advice could help; instead of making multiple [...]

Car Loan UK: 27% Buy with Car Loans

OneAdvice — Sat, 21 Aug 2010 00:39:10 +0000

It seems that many of us are willing to fund our next car with a car loan. UK consumers are falling pray to the credit crunch, as 27% of those who intend to buy a vehicle will use car finance to cover some of the cost. According to the Sainsbury’s Finance Car Buying Index, 18.4% of [...]

People Deny Credit Crunch Worries

OneAdvice — Wed, 18 Aug 2010 00:12:28 +0000

‘Credit Crunch’ has been one of the buzz words of the summer and one that we cannot escape from. The credit crunch has had a knock on effect which has barged into most of our lives in some form, such as rising household bills. The Prudential believes that the credit crunch is one of the greatest [...]

‘Pound in the Pocket’ Falls

OneAdvice — Sat, 14 Aug 2010 22:52:19 +0000

Over the past 4 years, disposable income has fallen by a sixth, due to the increase of house prices, mortgage repayments, fuel costs and other household bills. Disposable income is the amount that you have left after all essential payments have been made, this money would be left over for making savings or purchasing non-essential [...]

Credit Crunch End: 2010

OneAdvice — Wed, 11 Aug 2010 22:22:51 +0000

The Credit Crunch has affected each of our lives, on both a national and global scale. But the good news is that the end of the credit crunch could be in sight, according to an independent financial analyst. Michael Baxter, economist at Defaqto predicts that oil and food prices will begin to dip in 2009, which [...]