Credit card debt is one of the single biggest issues affecting people in the UK, as people are often tempted by the benefits of a credit card but then struggle to pay the necessary monthly repayments. From May 2012, the average amount of unsecured household debt in the UK was £7891, showing that there has...
Debt consolidation has always been beneficial over bankruptcy as far as creditor’s interest is concerned. Whereas with bankruptcy, creditors get nothing or very little from the debtor. The debt consolidation system shows positive and systematic money management in favor of them. Debt consolidation beneficial for both: Debt consolidation in turn could be extremely advantageous for...