Archive for the ‘Write Off Debt’ Category

UK Home Owners Inject £4 Billion Equity

Home Equity

UK home owners injected more than £4 billion of equity into their homes in the 4th quarter of 2009 as record low interest rates encouraged home owners to pay down their debt.

Figures release by the Bank of England on Tuesday show home owners added £4.038 billion of housing equity between October and December, the equivalent of 1.6% of post-tax income. (more…)

Spent Too Much Over the Holidays? Ways to Earn Extra Cash

During the holidays, it’s easy to get caught up in the spirit of giving. That’s not such a bad thing in and of itself. But all too often, we get a little too carried away and end up spending more than we can afford to spend. It’s easy to do, especially when you use credit cards.

After the holidays, we’re often left with a debt hangover that’s hard to shake. We might even find ourselves struggling just to make the minimum payments on our debt, never mind paying extra to eliminate it faster. It would be nice if we could turn back time and spend more wisely, but that’s not possible. So the best thing we can do is try to find ways to earn extra money to put toward those debts so we can put them behind us. Here are some ways to accomplish that. (more…)

Judge Finds £8,000 Debt Unenforceable

A county court judge has made a ruling that could see thousands of borrowers being able to cancel their loan and/or credit card repayments.

The ruling by Judge Jacqueline Smart at South Shields county court stated that the MBNA credit card company cannot demand the repayment of a customer’s debt.

MBNA tried to force Lynne Thorius to repay the £8,000 she owed on her card.

But the Judge decided that Ms Thorius had been sold payment protection insurance in an unfair manner. (more…)