Individual voluntary arrangements or IVA's are on the increase. Last year, over eleven thousand people qualified for an IVA; the last quarter (April to June 2007) saw a massive 35% increase. Read more
The number of people being turned down for credit rose last year and a report from analysts Datamonitor predicts that it could hit 8.6 million by 2011. Read more
High street banks such as HSBC or Barclays use credit agencies such as Experian and Equifax to obtain your credit profile. Theses are the main two companies in the UK that collate information on people that can be used to judge credit worthiness. Read more
After many years of low interest rates, the banks are finally reversing the trend with base rate interest rates predicted to hit 6.5% by the end of 2007. Read more
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