Easy Debt Settlement

The number of credit card delinquencies suffered by lenders nationwide climbed in the third quarter of the year, but not significantly enough to pull away from the near all-time record lows.

The total number of credit card accounts that were 90 days or more behind on payments rose in the third quarter to a rate of just 0.71 percent of all balances, according to TransUnion. It was the first increase in delinquent consumer credit card debt since the fourth quarter of 2009. However, the jump in delinquency was slight, and the rate is still hovering near the all-time lows observed at the end of the previous quarter.

During the third quarter, all of the 50 states, as well as the Disctrict of Columbia, saw their credit card delinquency rates increase. Read more…

Tags: Card Delinquencies, Credit Card Delinquencies, Quarter, Third Quarter

A child playing in Manchester. A charity says 1.6 million UK children live in poverty. Photograph Christopher Furlong/Getty Images

Britain’s north-south divide has widened since the start of the recession and is likely to worsen as households in the north-east and Yorkshire are among the hardest hit by rising unemployment and falling house prices, according to a report.

Stalling wage growth, rising taxes, public sector cuts and personal insolvencies are also piling the pressure on people, say economists at PricewaterhouseCoopers in their regional household financial stress index.

Combining those factors paints a picture of a capital little hurt by the downturn compared with growing misery in Wales, the West Midlands and northern regions.

“Our research also highlights how different London’s experience of the recession has been from the rest of the economy.

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Tags: Divide, Divide Back

As Christmas Eve approaches, many consumers will be rushing to finish their holiday shopping and preparations. And yet, a lot of people will be waking to a pile of credit card debt when the holidays are over. But this does not need to happen to you, especially not this year. Consider these practical tips to avoid bad debt this holiday season.

Set a limit. How much can you afford to spend on gifts this year? Consider this carefully and set a definite budget. Be sure to stick to that limit. It might be tempting to spend a bit more than the amount you set but if you will plan ahead, you can give gifts to everyone you want and still stay within your limit.

Make a list. This might seem like an obvious advice but surprisingly, a lot of people do their Christmas shopping without a list on hand. By creating a list, you can really think about the best gift for each person.

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Tags: Christmas

The cheapest way to spend money abroad, and to get cash from an ATM, is to use a credit rather than a debit card, says money guru Martin Lewis of MoneySavingExpert.com. But be extremely careful which credit card you use.

For regular travellers, the best cards are the Halifax Clarity (top pick); Post Office Platinum; Santander Zero; Saga Platinum (over-50s only); and Nationwide’s Gold Card – if issued before February 2011. Most others add 2.5%-3% to foreign exchange transactions. The cards above don’t apply this “loading”, meaning you get a “perfect” exchange rate – beating even the best bureau de change.

All the cards on the list, bar Nationwide Gold, allow load-free transactions worldwide. Nationwide gives load-free transactions only in Europe – a 1% fee applies elsewhere.

Lewis says there are a few caveats. You have to pay off the balance each month in full.

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Tags: Credit, Credit Cards

The kinds of programs like business debt negotiation and personal loan negotiation are hugely popular with the kind of positive results they are bringing for people immersed in debt. However, it is important to be cautious when looking for a program to help you with your business debt. There are many programs online that are offering distrustful information, which is why you should do extensive research to ensure you receive help from a company that is reputable and reliable.

What do you mean by business debt solution?

There are different types of small businesses that settle debt issues by sitting in discussions with creditors. The process is known as business debt negotiation. The creditors sit and assess the financial condition of the businesses and decide how much should be paid by the debtor and within what time.

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Tags: Business Debt, Business Debt Negotiation, Debt, Debt Negotiation