Best of the Week
Most Popular
1.UK House Prices Momentum Crash Threatens Mini Bear Market 2017 - Nadeem_Walayat
2.Perfect Storm - This Fourth Turning has Over a Decade of Continuous Storms to Come - James_Quinn
3.UK House Prices Momentum Crash Warns of 2017 Bear Market - Video - Nadeem_Walayat
4.Billionaire Investors Backing A Marijuana Boom In 2017 - OilPrice_Com
5.Emerging Markets & Basic Materials Stocks Breaking Out Together - Rambus_Chartology
6.Global Currency Reserve At Risk - Jim_Willie_CB
7.Gold and Silver: Your Stomach Is Probably Wrenching Right Now - The_Gold_Report
8.Warning: The Fed Is Preparing to Crash the Financial System Again - Graham_Summers
9.Basic Materials and Commodities Analysis and Trend Forecasts - Rambus_Chartology
10.Discover Why A Major American Revolution Is Brewing - Harry_Dent
Last 7 days
Bitcoin Hits New All-Time High Over $4,400 As It Catches Paypal In Total Market Cap - 17th Aug 17
3 Psychological Ingredients behind Great Web Content - 17th Aug 17
The War on Cash - Rogoff, Orwell and Kafka - 17th Aug 17
The Stock Market Guns of August, Trade Set-Up & Removing your Rose Tinted Glasses - 16th Aug 17
Stocks, Bonds, Interest Rates, and Serbia, Camp Kotok 2017 - 16th Aug 17
U.S. Stock Market: Sunrise ... Sunset - 16th Aug 17
The Next Tech Crash Could Delay Your Retirement by a Decade - 15th Aug 17
Gold and Silver Precious Metals Nearing Breakout - 15th Aug 17
North Korea Showdown: Pivotal Market Turning Point - 15th Aug 17
Tech Stocks DOT COM Bubble Do-Over? - 14th Aug 17
Deep State Conspiracy or Chaos - 14th Aug 17
From the Trans-Atlantic Axis and the Trans-Asian Axis - 14th Aug 17
Stock Market Intermediate Correction Underway - 14th Aug 17
The Islamic State Jihadi Pivot to Asia - 13th Aug 17
Potential Pivots Upcoming for Stocks and Gold - 13th Aug 17
North Korean Chinese Proxy vs US Military Empire Trending Towards Nuclear War! - 12th Aug 17
Gold Stocks Coiled Spring - 12th Aug 17
Neil Howe: The Amazon-Walmart Rivalry Will Determine the Future of Retail - 12th Aug 17
How to Alton Towers Half Price Discount Entry 2017 and 2018, Any Time, No Pre-Booking! - 12th Aug 17
Top 3 Technical Trading Tools Part 2: Relative Strength Index (RSI) - 11th Aug 17
What Makes Women Better Investors - 11th Aug 17
Crude Oil Price Precious Metals Link in August - 11th Aug 17
Influencer Marketing Predictions All Businesses Should Take Into Account - 11th Aug 17
Really Bad Ideas - Government Debt Isn’t Actually Debt - 10th Aug 17
Gold Sees Safe Haven Gains On Trump “Fire and Fury” Threat - 9th Aug 17
Why Is The Stock Market Not Trading On Fundamentals Lately? - 9th Aug 17
USD/CAD - Can We Trust This Breakout? - 9th Aug 17
New Monthly Rebate to Help Reduce Your Trading Costs - 9th Aug 17
Stock Market Divergences Are Now Appearing! - 9th Aug 17
Is Inflation an issue or did the Fed Mess Up? - 8th Aug 17
Top 3 Technical Trading Tools Part 1: Japanese Candlesticks - 8th Aug 17
Researchers Find $10 Billion Hidden Treasure In A Dead Volcano - 8th Aug 17
What Happened to Thousands of Sheffield's Street Trees 2017 - Fellings Documentary - 8th Aug 17
Solar, Bubble, Banks, War, and Legal Tender: Five Reasons Why You Should Buy Silver Now - 7th Aug 17
CRASH - If Some People Do It, Nothing Bad Happens, But If Everyone Does It, All Hell Breaks Loose - 7th Aug 17
Gold and Silver : The Battle for Control - 7th Aug 17
Precious Metals Sector is on Major Buy Signal - 7th Aug 17
Stock Market - Has Time Run Out? - 7th Aug 17
Get Ready for an Historic Upside Gold and Silver Run - 7th Aug 17
BOOM! Bitcoin Rockets To New All-Time High As Cryptocurrencies Surge Higher! - 7th Aug 17
U.S. Dollar: This Crash Signals the End - 6th Aug 17
Predicting The Price Of Gold Is A Fool’s Game - 6th Aug 17
Asda Sales Collapse and Profits Crash! UK Retailer Sector Crisis 2017 - 6th Aug 17

Market Oracle FREE Newsletter

Category: Debt & Loans

The analysis published under this category are as follows.

Personal_Finance

Thursday, June 15, 2017

How to Find the Best Auto Loan / Personal_Finance / Debt & Loans

By: Boris_Dzhingarov

Some people are lucky enough to live in an area that doesn't require them owning a car. Well, kudos to them, but statistics show that almost 85% of us own a vehicle to get us from the comfort of our homes to the workplace, and 91% of households own at least one car. In fact, a recent census showed that car and car part dealers reached sales of $1.0 trillion dollars in 2015 alone!
Read full article... Read full article...

 


Personal_Finance

Wednesday, June 14, 2017

UK High Street Loan Interest Rates More than 2% Higher Compared to Challengers / Personal_Finance / Debt & Loans

By: MoneyFacts

The quarterly Moneyfacts UK Credit Card Trends Treasury Report, which studies the UK personal finance market (Unsecured Personal Loans, Credit Cards and Overdrafts), shows that the gap between unsecured personal loan rates from high street brands and the rest of the market has widened, with high street rates now 2.3% higher on average compared to other providers*.

Read full article... Read full article...

 


Personal_Finance

Saturday, June 10, 2017

Climbing The Ladder To Financial Independence / Personal_Finance / Debt & Loans

By: Boris_Dzhingarov

Get Out From Under Debt’s Thumb
You know what makes you really easy to control? Debt. Taxes are hard enough, but if you’ve got debt on top of taxes holding you down, you’ll be stuck in some low-end job for the rest of your life. And, believe it or not, that may just be the idea. If you’re stuck in a downward financial spiral, you can never escape the debt net.
Read full article... Read full article...

 


Personal_Finance

Thursday, November 17, 2016

Consumers should not bury their heads in the sand over debt / Personal_Finance / Debt & Loans

By: Submissions

To coincide with the first ever Financial Capability Week, the Credit Services Association (CSA) has issued some simple guidance around debt, and particularly how to avoid becoming a case of ‘mistaken identity’ and how to resolve the matter should it occur.

·       Keep creditors up-to-date with current contact details: If you move, change phone number, email address, or even change your name, inform all of your creditors, including your Local Authority. Most problems start when a creditor is unable to reach the customer at the last known contact address. This means that vital correspondence might never be received.

Read full article... Read full article...

 


Personal_Finance

Monday, June 20, 2016

The not-so-cheap UK Personal Loans / Personal_Finance / Debt & Loans

By: MoneyFacts

Unsecured personal loans can be ideal for people who have debts to consolidate or who want to make a purchase with a fixed repayment plan. It’s not surprising, therefore, that in the current low interest rate environment this type of finance is proving to be popular with many borrowers.

However, these loans are not always the best option, and the latest research from Moneyfacts.co.uk reveals that anyone looking to take out a smaller loan may be shocked by how much they will be charged in interest compared to alternative forms of borrowing.

Read full article... Read full article...

 


Interest-Rates

Monday, April 18, 2016

Loan Rates on the Rise for the First Time this Year / Interest-Rates / Debt & Loans

By: MoneyFacts

Personal loans have become increasingly competitive over the last few years with considerable rate cuts resulting in some of the lowest rates ever seen. However, it now appears that some providers can no longer sustain such low prices, so rates are once again on the rise.

Read full article... Read full article...

 


Personal_Finance

Monday, March 07, 2016

Convenient Bank Overdrafts Borrowing – But at What Cost? / Personal_Finance / Debt & Loans

By: MoneyFacts

Borrowing from current account overdrafts is fast and convenient, but the cost of doing so has escalated in recent years, leaving many consumers to pay over the odds for their quick borrowing fix.

Read full article... Read full article...

 


Personal_Finance

Tuesday, February 16, 2016

Creditors: What’s Behind Their Interest in Investing in Your Debt? / Personal_Finance / Debt & Loans

By: Boris_Dzhingarov

According to some definitions, debts are financial obligations defined by law, that must be repaid to a creditor or lender who have invested certain amount of money and have decide to take a risk by borrowing money. In other words, they were fully aware that the loan taker might not be able to pay off the debt. But, it is an interesting fact that even though there is great risk involved in this activity and there are many people who fail to repay the money, the number of lenders and creditors is growing. So, why is this happening?

Read full article... Read full article...

 


Personal_Finance

Tuesday, January 26, 2016

UK Personal Loan Rates Tumble to Significant Lows / Personal_Finance / Debt & Loans

By: MoneyFacts

Personal loans have seen considerable rate cuts since the start of the year resulting in some of the lowest rates ever seen, Moneyfacts.co.uk records show.

Providers have been competing against each other for a place in the best buys, with Yorkshire and Clydesdale Bank most noticeably slashing rates by as much as 2.0%. Lenders are even cutting rates within days of each other in order to beat their rivals to the top spot.

Read full article... Read full article...

 


Personal_Finance

Monday, December 14, 2015

Debt Fears for UK Consumers who rely on Credit / Personal_Finance / Debt & Loans

By: MoneyFacts

Consumers are living on the edge by relying too heavily on credit and failing to put aside sufficient savings, according to a recent survey*. Moneyfacts.co.uk warns that those who don’t plan their repayments or, in the worst case scenario, lose their main source of income, could therefore find themselves living in fear of their debts as their credit spirals out of control.

Read full article... Read full article...

 


Personal_Finance

Tuesday, November 24, 2015

Take Control of Your Debit and Credit Card Debts and Get Back in the Black / Personal_Finance / Debt & Loans

By: MoneyFacts

Consumers who are hoping to snap up a great deal in the upcoming Black Friday sales need to make sure they don’t lose their heads when its comes to their finances, warns Moneyfacts.co.uk.

Millions of shoppers are expected to take advantage of offers both in shops and online this Friday (27 November), but the cost of using an overdraft or a credit card to bag some goodies could kill the buzz of the bargain hunting.

Read full article... Read full article...

 


Personal_Finance

Tuesday, October 06, 2015

M&S Bank Outstanding Personal Loan Interest Rate Cut - Best Buy / Personal_Finance / Debt & Loans

By: MoneyFacts

&S Bank has emerged as the current winner in the personal loan rate war thanks to a rate reduction on its Unsecured Personal Loan, which is now priced at 3.5% APR for a loan of £7,500 to £15,000 over a term of one to five years.

Read full article... Read full article...

 


Personal_Finance

Monday, September 28, 2015

UK Loan Rate War Consolidate Borrowings and Save £££'s / Personal_Finance / Debt & Loans

By: MoneyFacts

With an estimated 6.5 million* people relying on credit to keep up with essential outgoings, it’s clear to see why taking time to consolidate debts into a single, more affordable monthly payment could make a huge difference to people’s finances.

According to the latest research by Moneyfacts.co.uk, the ongoing cuts to unsecured personal loan pricing also means that customers who switch or take out a new loan today can save hundreds of pounds over the fixed term of their agreement. On average, well-known banks now offer loans that are £396 a year cheaper in interest payments for a £7,500 loan over a five-year period compared with 2013, while loans from challenger brands are £222 cheaper for the same loan agreement.

Read full article... Read full article...

 


Companies

Saturday, August 22, 2015

Storm Clouds Are Gathering Around Peer-to-Peer Lending Sector / Companies / Debt & Loans

By: ...

MoneyMorning.com Shah Gilani writes: Peer-to-peer lending, or P2P as it’s known, is a juggernaut financial-services Disruptor.

But thanks to its supercharged growth, P2P lending has attracted the attention of regulators and other financial-market overseers. They’re scrutinizing this new form of lending from multiple angles – fearing it may be too disruptive for its own good.

Read full article... Read full article...

 


Personal_Finance

Sunday, March 29, 2015

You Must Understand These Two Cardinal Rules of Debt / Personal_Finance / Debt & Loans

By: Investment_U

Andrew Snyder writes: It’s a tough subject. Nobody wants to admit they spent years of their lives - and thousands upon thousands of dollars - in an effort that may quite easily turn out to be detrimental to their financial well-being.

On Friday, I spoke to a small church group about what it takes to build lasting, liberating wealth. It was the second time we met and I knew going into the evening that it wouldn’t be easy.

Read full article... Read full article...

 


Personal_Finance

Wednesday, March 18, 2015

The Only Time Debt Is Profitable / Personal_Finance / Debt & Loans

By: Money_Morning

Keith Fitz-Gerald writes: The other day I saw an ad for a mattress store that offered financing, so you can “sleep in peace” on your brand-spanking-new $7,000 mattress set. (Talk about irony!)

Debt is the American way. It makes the impossible possible. It’s seen as benign or even good.

It’s not.

Read full article... Read full article...

 


Personal_Finance

Tuesday, October 28, 2014

Investing While in Debt: Reasons You May Want to Think Twice / Personal_Finance / Debt & Loans

By: Boris_Dzhingarov

Thinking about investing in your financial future? Whether it’s the stock market, real estate, or retirement savings, smart investments can definitely lead to financial gain. However, it seems that there is an overwhelming understanding that being in debt while investing is okay…

While it would be nice to essentially use our investment opportunities as a method for paying off our debts, the likelihood of that happening is slim to none. You see, you need to have money to invest in order to turn a profit, and if you’re in debt, chances are you don’t REALLY have money to invest. As long as you owe someone, the money you’re investing is not your own.

Read full article... Read full article...

 


Personal_Finance

Monday, October 20, 2014

Perpetual Debt Slavery... / Personal_Finance / Debt & Loans

By: Dr_Jeff_Lewis

There is an unspoken difference between debt that is designed to be paid back and debt (disguised as perpetual flow) to finance pre-existing streams of debt service. 

The second type of debt is a Ponzi large enough to make Bernie Madoff blush.  And crash the system. In the current system, debt is money for nothing used to create asset bubbles. Including the equity lift-off we see today. 

Read full article... Read full article...

 


Personal_Finance

Tuesday, July 15, 2014

Payday Loans Industry Crash as FCA 100% Cap on Interest Rate and Fees / Personal_Finance / Debt & Loans

By: Nadeem_Walayat

The FCA successor to the inept FSA regulator is finally going to act to put a CAP on the pay day legal loan sharks industry a good five years later than they should have acted had the financial regulator the best interests of the general public in mind rather than Britains banking crime syndicate.

Read full article... Read full article...

 


Personal_Finance

Thursday, June 26, 2014

Wonga Pay Day Loans Outfit Gets a Slap on the Wrist Instead of Prison / Personal_Finance / Debt & Loans

By: Nadeem_Walayat

Apparently 45,000 customers of the Wonga payday loans outfit are going to receive a flat £50 as compensation for being conned by fake threatening legal letters from law firms that did not even exist, which went on to include charges for bogus legal fees that is tantamount to fraud that caused huge distress for tens of thousands of Wonga customers, that instead of now facing the full weight of the law has instead been asked to compensate its victims for approx £2.6 million compared to Wonga's annual profits of £84 million which reeks of an FCA regulator that seems even more inept and toothless than the FSA it replaced.

Read full article... Read full article...

 


Personal_Finance

Thursday, June 19, 2014

What the Regulatory Shift from the OFT to the FCA and Means for Payday Lenders / Personal_Finance / Debt & Loans

By: Submissions

Melly Abruzz writes: On April 1, 2014, the regulations governing payday lenders in the UK was transferred from the Office of Fair Trade (OFT) to the Financial Conduct Authority (FCA).  The gist of the regulatory shift was that payday lenders are now obligated to conduct thorough affordability and credit checks. Other changes include a cap in loan rollover, and pointing borrowers in the direction of free debt advice.

Read full article... Read full article...

 


Personal_Finance

Sunday, March 30, 2014

Never Loan Money to Your Friends and Family / Personal_Finance / Debt & Loans

By: DailyWealth

"Never loan money to your friends. It's a good way to lose your money... and your friend."

A friend of mine owed me a lot of money...

I gave my friend Jack a personal loan a few years ago, as he was starting his own business.

Read full article... Read full article...

 


Personal_Finance

Thursday, February 06, 2014

Debt the Last Social Taboo? / Personal_Finance / Debt & Loans

By: Don_Miller

Social taboos have dropped left and right since I was a young man raising a family, but one is unlikely to disappear any time soon: holding too much personal debt. But debt need not be a personal tragedy nor a badge of shame. For some, it is simply a practical problem with practical solutions. For others, however, it isn't even the real problem.

In the last few year I've watched two friends handle debt quite differently, and those differences illustrate the real taboo about debt that we seem to ignore. I've changed names and tweaked a few details to keep peace in the world, but what follows are essentially two true stories: those of Joe Able and Tom Baker.

Read full article... Read full article...

 


Personal_Finance

Tuesday, January 21, 2014

Ten Pillars of Financial Independence / Personal_Finance / Debt & Loans

By: Don_Miller

Young folks can usually digest a difficult message more easily when it comes from someone who is not: (a) their parent; (b) their teacher; nor (c) anyone else whose lectures they are sick of hearing. In that spirit, we're starting out 2014 with 10 ways people of any age can safeguard their financial independence. Please feel free to pass it along to anyone in your life who could use a nudge in the right direction from someone other than Mom and Dad.

Wealth is not gauged by how much money you make, but rather how much you keep. Accumulating wealth, regardless of your age, gives you options and independence. It's sad when people toil in jobs they hate because they need the money. Anyone in that position finds their employer controls their time and, sad to say, much of their happiness (or lack thereof).

Read full article... Read full article...

 


Politics

Monday, November 25, 2013

Pay Day Loans Judgement Day - Could Interest Rate Cap Trigger Ponzi Debt Industry Collapse? / Politics / Debt & Loans

By: Nadeem_Walayat

The government and FCA regulator are finally starting to get their act together concerning the legalised loan sharks that comes perhaps as long as a decade too late for many victims of the Pay Day Loans industry that entices usually inexperienced and desperate borrowers to get into debt at rates of interest that ensure that rolled over debts will soon multiply to many times the original sum borrowed.

Read full article... Read full article...

 


Personal_Finance

Tuesday, September 24, 2013

Where to Find Yield Without Dividend Stocks, Bonds, or CDs / Personal_Finance / Debt & Loans

By: Don_Miller

Regular readers know how concerned I am about the number of baby boomers and seniors who are financially unprepared for retirement. It's not like the downsides of aging are a secret. As we get older, our bodies wear out and we slow down. Unless we plan to work until the grim reaper shows up at the door, we need to save and invest quite a bit of money.

Read full article... Read full article...

 


Personal_Finance

Thursday, February 07, 2013

Payday Loans Get Criticised – Again / Personal_Finance / Debt & Loans

By: Submissions

Brent Wayne writes: Payday loans always seem to be being criticised and this time it is because there is a feeling that students are being unfairly targeted for them. A payday loan is an expensive way to borrow because it is aimed at people with a poor credit record, which may mean that they have been in debt a lot in the past or that they have no history of borrowing. It is felt that these people are the ones that are most vulnerable in society and so they should not be being targeted.

Read full article... Read full article...

 


Personal_Finance

Wednesday, November 28, 2012

The Truth Behind Governments Funding For Lending Scheme (FLS) / Personal_Finance / Debt & Loans

By: MoneyFacts

The Government’s Funding for Lending Scheme (FLS) opened for business on 1 August with the number one aim of kick-starting the economy by making mortgages and SME lending much more accessible. To date, 30 lenders have taken up the offer of access to cheap loans.

Read full article... Read full article...

 


ConsumerWatch

Tuesday, November 20, 2012

Payday Loans the Next Ponzi Subprime Debt Bubble to Implode? / ConsumerWatch / Debt & Loans

By: Nadeem_Walayat

The Office of Fair Trading some several years behind the curve has finally announced an investigation into the aggressive debt collection practices of the largely unregulated payday loans industry that has mushroomed over the past 4 years to stand at over 240 providers, all competing against one another to increasingly lend money to those that cannot afford to repay the loans in what appears to be a classic Ponzi scheme-esk structure where loans are usually given to individuals without any background checks that are increasingly for the purpose of repaying loans taken out from other payday lenders, and then again and again which means that payday lenders are effectively paying one another resulting in what is a growing Ponzi pyramid primed for collapse.

Read full article... Read full article...

 


ConsumerWatch

Friday, November 09, 2012

The Dirty Little Secret Behind Wal-Mart's Bluebird Cards / ConsumerWatch / Debt & Loans

By: Money_Morning

Best Financial Markets Analysis ArticleShah Gilani writes: Here's something else that's got the potential to undermine our financial future...

It's about those prepaid cards, and the games that are being played with them that you may not know about.

Read full article... Read full article...

 


Politics

Friday, October 26, 2012

Voluntary Servitude Begins With A Debt / Politics / Debt & Loans

By: Richard_Mills

Best Financial Markets Analysis ArticleShould we leave the creation of new money in the hands of bankers or place its creation solely with our government?

“The financial system used by all national economies worldwide is actually founded upon debt. To be direct and precise, modern money is created in parallel with debt…

Read full article... Read full article...

 


Personal_Finance

Sunday, October 14, 2012

Two Simple Financial Rules Young People Should Learn to Live by / Personal_Finance / Debt & Loans

By: DailyWealth

Best Financial Markets Analysis ArticlePorter Stansberry writes: Aaron Brabham: So Porter, it turns out we have a new demographic that we never sought to attract... the 20- to 25-year-olds.
 
I love it, personally, because I feel like this could be the next generation of conscientious voters and good investors. These people could have some good sense about them if they keep listening to Stansberry Radio...
Read full article... Read full article...

 


Personal_Finance

Wednesday, July 11, 2012

Compound Interest and the Debt Bubble / Personal_Finance / Debt & Loans

By: BATR

Best Financial Markets Analysis Article"Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it." Albert Einstein

Without a comprehensive understanding in this axiom of the financial universe, much of public policy and finance is incomprehensible. The different positions of the borrower and the lender is obvious, but the notion that one can earn enough interest on savings to maintain the purchasing power of the principle is a bygone fantasy in the era of low interest rates.

Read full article... Read full article...

 


Personal_Finance

Thursday, April 26, 2012

Revisiting the Physical Risks of Debt / Personal_Finance / Debt & Loans

By: Ashvin_Pandurangi

Best Financial Markets Analysis ArticleOne foundational piece of advice here at TAE as been to get out of debt and stay of debt - not only because the monetary costs of such debt will grow, but also because debt can be used as a means of physical repression and enslavement. It gives public (government) and private institutions the sufficient amount of leverage they need to take control of both your possessions and your body, with the latter being a much more pronounced risk during a period of credit contraction. Here are a few snippets about this issue from Our Depraved Future of Debt Slavery (Part II):

Read full article... Read full article...

 


Personal_Finance

Thursday, January 05, 2012

UK Personal Loan Interest Rates Drop to Lowest Level / Personal_Finance / Debt & Loans

By: MoneyFacts

Rachel Springall, spokesperson for Moneyfacts.co.uk, commented: “Research by Moneyfacts has shown that 6.0% APR on a £10,000 borrowing amount over a five year term is the lowest loan rate on offer in four years. Previously the lowest rates for this borrowing amount and term were: 8.4% one year ago, 7.8% two years ago, 6.8% three years ago and 5.8% four years ago.

Read full article... Read full article...

 


Personal_Finance

Sunday, December 11, 2011

My Guide to Dealing with Debt / Personal_Finance / Debt & Loans

By: DailyWealth

Best Financial Markets Analysis ArticleMark Ford writes: I had my first serious run-in with debt when I was 30 years old.

My wife K and I were renting a condominium in Washington, D.C. Our landlady came to us with an exciting opportunity: We could buy the condo for $60,000 with no money down. For just $100 a month more than what we were already paying for rent, we would be paying a mortgage. It sounded like a great deal, so we took it.

Read full article... Read full article...

 


Personal_Finance

Monday, May 23, 2011

Loan Interest Rates at Decade High / Personal_Finance / Debt & Loans

By: MoneyFacts

Best Financial Markets Analysis ArticleThe average personal loan rate has hit its highest level for more than a decade.

Today the average rate on a £5,000 loan stands at 12.7%, the highest level since May 2000.

Read full article... Read full article...

 


Politics

Wednesday, April 20, 2011

The Myth of Debt-Free Living, You Are Getting Stiffed / Politics / Debt & Loans

By: Gary_North

Best Financial Markets Analysis ArticleI have set up a free website for people who are deep in consumer debt.

I am a great believer in getting out from under the burden of consumer debt. But I am not a believer in getting out of debt. There is a reason for this. The only way to get out of debt is to die.

Read full article... Read full article...

 


Personal_Finance

Friday, March 11, 2011

The Debt Trap: Are the Scavengers Stalking You? / Personal_Finance / Debt & Loans

By: Jack_Reed

Best Financial Markets Analysis ArticleYou fought off your debts successfully last year. Today you are a happy man. You take pride in enlightening your friends about your debt story because you were never bogged down by it. It feels great because people now people come to you with their financial problems.

Read full article... Read full article...

 


Personal_Finance

Monday, January 03, 2011

Stop Accumulating Additional Debt, 2011 To-Do List / Personal_Finance / Debt & Loans

By: Andy_Sutton

Best Financial Markets Analysis ArticleMany people I’ve spoken with over the past 6 months or so have expressed extreme dissatisfaction with their individual and/or collective ability to affect change in government. Sure, there have been some small victories here and there, but by and large our biggest problems continue to rage on unabated. For quite some time I shared in their frustration, and still do, but have realized that sometimes the actions of the masses need to take place on a different level to change the bigger paradigms. To use some old adages, we shouldn’t throw stones from a glass house, and we should certainly tend to our own backyard before criticizing that of our neighbor. On this last day of 2010, let’s take a look at what we can do in our own financial lives to improve our situations. Let’s call it trickle-up responsibility.

Read full article... Read full article...

 


ConsumerWatch

Tuesday, September 28, 2010

OFT Warns 92% of Debt Management Firms Breaking Credit Law / ConsumerWatch / Debt & Loans

By: Submissions

Best Financial Markets Analysis ArticleThe OFT has told 129 debt management firms that they face losing their consumer credit licences unless immediate action is taken to comply with its Debt Management Guidance.

The firms are required to provide independently audited evidence within three months that action has been taken to address identified concerns. If evidence is not provided, the OFT will instigate licensing action.

Read full article... Read full article...

 


Personal_Finance

Tuesday, September 28, 2010

Tips for Finding Cheap Loans You can Rely On / Personal_Finance / Debt & Loans

By: Credit_Choices

If you see an advertisement for a cheap loan which seems too good to be true, it may well be. Here are some top tips for spotting the potential pitfalls of loan offers and finding the right cheap loan for you.

Read full article... Read full article...

 


Politics

Monday, September 20, 2010

107 MPs Call for Lending Interest Rate Caps to Rein in Legal Loan Sharks / Politics / Debt & Loans

By: Submissions

Landmark gives fresh impetus to the campaign ahead of meeting at Number 10

The 'End Legal Loan Sharking' campaign has received the backing of over 100 MPs ahead of a meeting with Number 10 next week. EDM 660,a parliamentary motion calling for a cap on the cost of credit has now been signed by 107 MPs. MPs from the Conservative Party, Labour Party, Liberal Democrat Party, Democratic Unionist Party, Plaid Cymru, Scottish National Party and Social Democratic and Labour Party are all supporting the EDM.

Read full article... Read full article...

 


ConsumerWatch

Sunday, August 15, 2010

Pay Day Loan Shark Outfits Hook £1.2 Billion to the Financially Illiterate / ConsumerWatch / Debt & Loans

By: Nadeem_Walayat

Consumer Focus reports that over a million UK borrowers have been forced to take out more than £1.2 billion from Pay Day loan outfits as high street banks refuse to lend, up more than 40% on the preceding year. Pay Day loans typically charge customers APR's of over 2,000% and are targeting those desperate for short-term credit which usually means the financially illiterate.

Read full article... Read full article...

 


Interest-Rates

Monday, February 01, 2010

UK Loan Rates At Nine Year High / Interest-Rates / Debt & Loans

By: MoneyFacts

Risk continues to be the focus in all lending activity, but with no guarantees on the debt being repaid, unsecured personal loans have seen some of the sharpest increases.

Read full article... Read full article...

 


Economics

Friday, January 08, 2010

The History of Money, Credit, Debt and Banking, Financial Lessons of the Ages / Economics / Debt & Loans

By: Doug_Wakefield

Diamond Rated - Best Financial Markets Analysis ArticleRather than rigorous study, which would help us connect the explosion of debt that has occurred in the last century (particularly since the early 1970s) with the financial markets, the majority of the financial industry and the investors who depend on their experience, have instead relied on simple slogans like, “the market always goes up over the long term” or “invest according to your risk tolerance.” And as long as the public believes that up markets mean the elixir of capitalism is working and we are getting better and that down markets are only temporary, these trite sayings will suffice. Human nature being what it is, I suppose we would rather seek “advice” that allows us see things the way we want them to be, rather than address how unsustainable debt and corporate and political corruption could impact our collective future.

Read full article... Read full article...

 


Politics

Wednesday, October 14, 2009

The MicroCredit Just Another Scam / Politics / Debt & Loans

By: Jeffrey_A_Tucker

The hysteria about the glories of microcredit must have been another illusion created by the economic boom, but somehow, there for a while, it was hard to talk sense into anyone on this issue. Somehow, all the world came to believe that the key to lifting people out of poverty was to grant everyone loans that they then had to service out of some income stream that they didn't have.

Read full article... Read full article...

 


Personal_Finance

Wednesday, September 30, 2009

FSA to Get Tough Against Bankster Payment Protection Insurance PPI Scam / Personal_Finance / Debt & Loans

By: Nadeem_Walayat

The Financial Services Authority (FSA) has finally decided to get tough with the bankster's for scamming customers by means of Payment Protection Insurance charges that many customers are forced to take on when borrowing despite the fact that exclusion clauses in the agreement usually mean that the premiums paid were worthless when it comes to attempting to make claims, that and they way the products were mis-sold by adding the charges as though they were a requirement rather than an option thus confusing customers into literally paying double the interest rate on the loans if the PPI was included in the AER interest rate figures stated.

Read full article... Read full article...

 


Personal_Finance

Wednesday, July 22, 2009

Marlin Financial Services Dispatches Debt Recovery Bad Practice, Harassing Debtors / Personal_Finance / Debt & Loans

By: Nadeem_Walayat

Best Financial Markets Analysis ArticleChannel 4 Dispatches programme " Undercover Debt Collector" earlier this week (available on 4oD) showed clear and repeat systemic breaches of the office of fair trading act in misleading and harassment of debtors by Marlin Financial Services.

Read full article... Read full article...

 


Personal_Finance

Wednesday, July 15, 2009

Lenders Shy Away From Unsecured Borrowing / Personal_Finance / Debt & Loans

By: MoneyFacts

Latest figures from Moneyfacts.co.uk show a 37% drop over the last two years in the number of lenders offering unsecured personal loans.

Barclaycard is the latest lender to pull out of the market, but loans are still available through Barclays Bank.

Read full article... Read full article...

 


Personal_Finance

Friday, June 12, 2009

Credit Card Debt Help, Increase Your Direct Debit and Cut Your Debt Sentence / Personal_Finance / Debt & Loans

By: MoneySupermarket

Best Financial Markets Analysis ArticleBeing faced with a chunky credit card bill is a daunting prospect and if you only ever make the minimum repayment it could take you a long time to get back in the black.

  • A small increase in monthly payment can make a big difference to the time taken to clear your debt.
Read full article... Read full article...

 


Personal_Finance

Sunday, June 07, 2009

Greedy Banks Increase Overdraft Interest Rates Despite Rate Cuts / Personal_Finance / Debt & Loans

By: MoneySupermarket

Best Financial Markets Analysis ArticleMost banks have counter-intuitively been increasing overdraft interest rates (Equivalent Annual Rates) even whilst the Bank of England has been cutting the Base Rate.

Read full article... Read full article...

 


Economics

Monday, April 28, 2008

Borrowed Consumption: Opium of the Masses / Economics / Debt & Loans

By: Kurt_Kasun

Best Financial Markets Analysis ArticleMy last commentary touched off a mini-debate between myself and Michael Pento, a proponent of Austrian Economics who gallantly defends his principles against the Keynesian economists and supply-side monetarists when he makes his appearances on CNBC's Kudlow & Company. I too attempt to follow the Austrian economic precepts laid out by Ludwig von Mises and I think that the bone of contention between us, in the "posted comment section" after my initial commentary, boils down to the following von Mises' quote:

Read full article... Read full article...

 


Personal_Finance

Wednesday, January 09, 2008

Choosing the Wrong Personal Loan Could Prove Costly / Personal_Finance / Debt & Loans

By: MoneyFacts

If your new year’s resolution is the tackle your debt by consolidation, tread carefully as you could be caught out by high interest rates and over priced insurance. Lisa Taylor, analyst at Moneyfacts.co.uk investigates:

Read full article... Read full article...

 


Personal_Finance

Wednesday, November 28, 2007

Poor Understanding of Monetary Value of 1% / Personal_Finance / Debt & Loans

By: Nationwide

Research from Nationwide Building Society reveals that 75% of people in the UK don't understand the monetary value a 1% difference in mortgage rates can make. A 1% difference in rates on a five year fixed rate mortgage deal could be worth over £4,000*. When given details of two five year mortgage deals to compare, the largest group of respondents (28%) said they thought the difference on a £120,000 mortgage with an interest rate at 5.6% compared to a rate of 6.6% would be between £500 and £2000. Another 23% said they had no idea at all. Only 25% of people correctly identified that the difference could be £4,000.

Read full article... Read full article...

 


Personal_Finance

Tuesday, June 05, 2007

Five Hot Tips To Get Out Of Debt Forever / Personal_Finance / Debt & Loans

By: Submissions

The financial and psychological burden of being in debt causes us and our families continuous emotional stress. That stress eats away at the quality of our lives and leaves us feeling powerless, angry, depressed and helpless.

But there is a way out – in fact, there are five simple and straightforward ways out of debt - and if you apply this five point plan to your life today you will have taken the first step on your personal road to debt free living for life.

Read full article... Read full article...

 


Personal_Finance

Monday, June 04, 2007

Bankruptcy No Easy Way Out of Debt / Personal_Finance / Debt & Loans

By: Submissions

According to the latest report, 2007 was witness to a steep rise in the number of people having CCJs registered against them. Conservative estimate put the number at a rough 850,000. It seems that quite a lot of consumers see bankruptcy as the only way out.

Read full article... Read full article...

 


Economics

Monday, May 28, 2007

My Two Cents - "The Complacent Consumer" / Economics / Debt & Loans

By: Andy_Sutton

For a long time now as I've watched consumers collectively dig themselves into debt-oblivion, I have wracked my brain trying to figure out why they are doing it. Recently, what I will call consumerism seems to be escalating as we have watched demand for gasoline defy the laws of economics. Instead of focusing on the product, I think it is appropriate to spend some time reflecting on the mentality behind recent behavior. No doubt, consumerism has already been responsible for a number of coming financial debacles, most notably the housing collapse, the negative savings rate in this country, record levels of debt, and rising bankruptcies. This week I am teaming up with a popular My Two Cents contributor CJH from Maryland to take a look at American consumerism....

Read full article... Read full article...

 


Personal_Finance

Wednesday, April 25, 2007

Are Individual Voluntary Arrangements (IVAs) Too Good to be True? / Personal_Finance / Debt & Loans

By: Submissions

Cheryl Corker writes - IVAs were introduced by the government in 1986 as a legitimate alternative to bankruptcy. Since then they have become increasingly popular amongst those looking for a solution to their debt problems. A key contributor to the popularity of IVAs is the fact that in some cases they can result in a significant part of a persons debt being written off completely.

Read full article... Read full article...

 


Personal_Finance

Saturday, March 24, 2007

UK Women Become Spendaholic with Unsecured Loans / Personal_Finance / Debt & Loans

By: Submitter

Women in UK incur huge debt through unsecured personal loans which they spend on shopping and fashion.

As per the recent research on spending habits of women in UK by price comparison site Uswitch.com, the female population of the country owes unsecured loans of more than £20 billion and overdraft debt of £4.6 billion with the average summing up to £515.

Read full article... Read full article...