The darker side of debt
Some people like to talk about “good debt” and “bad debt”, the former being debt which is used to be an asset, whether that’s a tangible one such as a house or an intangible one such as an education, while the latter being, for want of a better term, consumer debt, without anything to show […]
New crackdown on loan sharks
Debt is a big word. It covers everything from mortgages to payday loans and their illegal counterparts. Sometimes it can be cheap, such as when you pay for a group meal and your companions pay you their share the next day – no interest applied. Sometimes, however, it can be expensive, in the case of […]
Tips to pay off your debts
If you’re in debt, you’re not alone and the good news is that one way or another you can get out of it. Here are three tips. Get to grips with budgeting You get into debt when you spend more than you earn so the first step in getting out of debt is learning to […]
What happened to Toys R Us and Maplin?
Toys R Us and Maplin are the latest high-street names to be on the point of admitting defeat and closing their doors for the last time, but while “difficult trading conditions” and other such phrases seem to be commonplace in these situations, an objective look at the situation indicates that bad management was at least […]
Carillion Plc – How will you and your business be affected?
This week we have seen our tv’s and social media flooded with news of the liquidation of Carillion Plc. It seems everyone has an opinion of what went wrong and what can be done to stop this happening again. But, what about the 20,000 staff and families directly impacted by the liquidation. And the undetermined […]
Understanding The Cost of Insolvency
Over recent years, there have been a few high-profile business casualties to hit the headlines, probably BHS was the most famous example of a high-street brand hitting the rocks although Woolworths can’t be far behind. When these “celebrity insolvencies” make the news, they can come along with attention-grabbing figures about the costs involved in winding […]
Dealing with debt before it leads you to bankruptcy
People can argue the toss about whether there’s ever any such thing as “good debt”. Some people say that debt which allows you to buy an asset you would otherwise have been unable to afford is “good debt”. Others says that if you can’t afford it you shouldn’t buy it. If you’re in debt, however, […]