As Christmas approached, lenders reported a spike in defaults on mortgages and credit cards, a trend expected to persist, according to insights from the Bank of England. Households are feeling the pinch, reaching a financial impasse as consecutive interest rate hikes impact homeowners. The fourth quarter of 2023 saw a discernible rise in mortgage and […]
debt
3 Debt Excuses Busted
Debt is sometimes a pretty-much unavoidable fact of life. It would be nice, for example, if we could all afford to buy houses out of cash savings, but for many people mortgages are the only feasible way of owning a home. While “good” debt may have a purpose, it can still be an advantage to […]
Escaping Debt For Good
There’s lots of good advice available on how to get out of debt. The reality though, is that getting out of debt can be a bit like dieting. Even though, ultimately, it can do you good, the process itself isn’t necessarily a whole lot of fun. Making it fun may be a bit too much […]