- The think tank Policy Exchange has been on the magic mushrooms.
- They have come out with a corker this morning stating that interest rates could be raising to 8% by 2012.
- Mon 23rd Aug 2010
- Over 1.2 million people take out pay day loans at an average 2689% APR.
- These are genuine loans and should not be mistaken for dodgy deals provided by loan sharks.
- Mon 16th Aug 2010
- Mortgage rates keep getting better and better.
- HSBC have today announced a market leading tracker mortgage at 1.69% + base for life.
- Tue 3rd Aug 2010
Debt
If you're reading this the chances are you may have got yourself into a bit of money trouble.
First of all dont panic, here in the UK it is in nobodys interest for people to go bankrupt or bust. There are solutions and they have been developed specicfically to help people in money trouble, and to treat those people with sensitivity and respect. Debt problems arise, they are not intentional so try not to beat yourself up about it. You have made the correct first step by looking for help.
Unfortunately interest rates rise and fall with alarming regularity. We are all very pleased when they fall but we don't like it too much when they rise. It would be fine if we had salary rises to match interest rate increases but this will never be the case. This volatile situation affects hundreds of thousands of people each and every year resulting in an inability to meet and manage their monthly bills.
A number of qualified and licensed businesses have grown in line with the growth in personal debt during the last decade. Trumpo can introduce you to a number of these trusted advisory businesses.
You do need to be aware that the debt industry is not regulated, and this unfortunately leaves the market open to abuse by unscrupulous practitioners. When we appoint a trumpo debt practitioner, we insist on the following points being satisfied and we would ask you to do the same, that is if you don't wish to be introduced by trumpo.
- Is the business owner or principle a Licensed Insolvency Practitioner? Check here
- Does the business treat customers fairly?
- How long has the business been established? Trumpo require a minimum 3 years.
- Do they provide advice on all matters? The best solution may be re-mortgages, IVA or debt management plans. In the most severe cases do they provide a bankruptcy counselling and advice?
- Is the business owner or principle debt firm a member of R3? Check here
If the debt firm your thinking of dealing with can't satisfy the 5 points above stay well clear. They may be middle men and have nothing to lose by taking those last few pennies from you and deny you the opporutnity to access professional and impartial advice.
- If you would like free debt advice, you can complete our simple form and a Trusted Trumpo Debt Advisor will contact you at a time of your convenience.
