Big Rises in Bankruptcy and Homes Repossesions
This weeks sees news that..
There was a 59% increase in the numbers of people declared insolvent.
Bankruptcies rose by 34% & IVA ’s doubled.
The number of homes reposessed following defaults on mortgages rose 65%
No one seems to be expecting a sudden meltdown of the countrys financial
industry but these figures are significant increases.
They may just demonstrate that people have been borrowing more than they can reasonably afford or it could be related to changes in financial circumstances leaving them unable to manage previously manageable debt levels.
Whatever the reasons it demonstrates very clearly that keeping your debt at a comfortably manageable level is crucial to protecting your future.
Beat your debts. Don’t let your debts beat you.
No related posts.
Related posts brought to you by Yet Another Related Posts Plugin.
If you enjoyed this post, please consider to leave a comment or subscribe to the feed and get future articles delivered to your feed reader.
Comments
No comments yet.
Leave a comment