Serious Extent of Debt Continues to Increase

Debt can be considered a personal dilemma that one tries to keep a secret from their friends and co-workers to even their own family, but when a huge part of a certain population is in a deep hole of debt, who should take action? More and more people have to turn to borrowing money from lending institutions, how does this reality affect a country’s growth or even its future? Does it even an impact ?

Japan's Debt Problem Visualized

 

A short, visual explanation of Japan's debt crisis by Addogram.

Nine million in 'serious' debt across the UK - The Money Advice Service (MAS) also said very few people were making any attempt to get professional help. The problem is particularly acute in five English cities, where more than 40% of the population is struggling to repay debt.

Hull top of debt table: 'There's loads of debt everywhere' - "There's loads of debt everywhere," said one visitor to a food bank in north Hull, who added he was not surprised the city topped the debt league. "[People are] having to have loans to cater for the family - to just live basically - and it's getting worse."

One in five 'don't recognise' debt problem - Almost nine million adults in the UK are living with serious debt, according to a report. Figures out today from the Money Advice Service also showed that of those adults, only 1.5m are seeking debt advice.

25% surrender homes voluntarily in debt deals - Grant Thornton Debt Solutions, which operates as a personal insolvency practitioner (PIP), said before it submitted clients’ paperwork to the Insolvency Service of Ireland it engaged in pre-negotiations with creditors. In 80 per cent of cases it received approval in principle from stakeholders to do a deal.

Debt Analysis To Reduce Bill Payments - Refinancing your debts might be just right to reduce your monthly payments and get you back on track. These lenders help consumers reduce payments by paying off your high interest debt with a lower interest loan at better terms.

Debt is already a tremendous dilemma for one person to take, perhaps the best way to counter it is to ask for help and support from those you dearly trust.

What’s your Financial Fitness Level? Here are the Parameters to Find Out

Financial Stability is one form of security people strive to achieve in most of their lives. Who wouldn’t want to be financially fit? To be able to live satisfactorily without worrying about financial responsibilities, must a dream for many but it shouldn’t stay that way. There are a number of parameters one can measures themselves to gauge their monetary strength among them are the following:

How to Make Saving Money Feel Good (so that you actually do it!) - It’s probably not news to you that money woes are one of the leading causes of stress. And guess what? Stress is related to higher rates of depression, infectious disease, and heart disease.

Debt Management Tips : How to Fix Bad Credit

Fixing bad credit involves getting a copy of all three credit bureau reports and addressing any errors by writing letters to each bureau about the situation.

The Yin Yang Personal Finance & Fitness Approach for Super Saver Folks & Super Fit Freaks - I believe personal fitness and financial stability can lead to an enjoyable long lived life. However, without one or the other, we may not be able to enjoy the fruits of our labor. This is an important aspect to my life and why I preach both being equally important.

Financially Organized Rescue - No doubt, for many individuals, financial planning, or just thinking about organizing your finances can be overwhelming.  How does one begin? Indeed, where to begin? But financial planning does not have to be a daunting process. 

Simple Review Of Your Credit Report - When you are applying for a new credit card, or an extension of a credit or loan, your lender will review your credit report before granting you anything. So it is probably best to check up on your credit report as well. This way you can correct any inaccuracies and fix your credit report immediately.

Plan to Set Financial Goals - The primary concept of this site is media content for radio and television with emphasis on programming targeting women. The site also introduces you to other women who share their experiences, advice, tips and offer encouragement through their inspirational stories.

Taking Control Of Your Money Starts With One Simple Task - Have you ever had your checking account hit zero before your next paycheck hits the bank? You’re not alone. According to a recent survey by Bankrate, 76% of Americans had less than 6 months of emergency savings available.

Know Your Net Worth - By monitoring your progress towards your goals, you’re more likely to stay focused. Fanatics do this as often as every month. But you should have a life, so doing a net worth update every six months or so should suffice.

Paying Off Your Credit Cards Will Change Your Life - Imagine living and working without all your hard earned cash going to credit card payments each and every month with little progress to show for it.

There are many benefits to being financially fit, not only psychologically but also in the quality of life one has to live. Fitness should transcend to your finances as well.