The current state of debt in the UK
It seems that Britain is addicted to debt and faces a terrible legacy as the recession begins to bite, Liberal Democrat Leader Nick Clegg warns, as new analysis from the Liberal Democrats shows that total personal debt has risen by £1 trillion since Labour came to power. This figure equates to an additional £10m for every hour Labour has been in government. Britons now owe £1.4 trillion in total, with debt repayments of nearly £95bn each year, equating to £3000 per second. Nick Clegg goes on to say, "The fact that Britain's economic growth has been built on a mountain of personal debt means that we are now especially vulnerable to the global economic downturn."
The above statements have been repeated verbatim from the Liberal Democrats website. But the bone of contention is not whether the Labour is responsible, but the fact that British citizens are willy-nilly being suckered into the debt trap.
The alarming rate at which we in the UK are accumulating debt goes to show total disregard of prudence in favour of popularity. Whether it is the Conservatives, Liberals or Labour, the pursuit of popularity and votes, bank politics has led to mounting debts in the UK. This has a cascading effect on personal debt as well. The situation is likely to get worse making the present situation look almost innocuous.
Consider the following figures:
• The total secured lending on homes in the UK, at the end of June 2008, stood at £1,212 billion. This has increased 7.5% in the last 12 months.
• The total lending, in the UK, in June 2008 grew by £4.0 billion. Secured lending grew by £3.1 billion in the month and Consumer credit lending grew by £0.9 billion.
• The average household debt in the UK is £9,309 (excluding mortgages). This figure increases to £21,650 if the average is based on the number of households who actually have some form of unsecured loan.
• The average household debt in the UK is £58,000 (including mortgages).
• The average owed by every UK adult is £30,424 (including mortgages).
• 424 mortgage possession claims will be issued and 302 mortgage possession orders will be made today
If the above figures do not ring alarm bells in your mind, you are bound to regret not taking steps to liquidate your debt in the near future. It is not I who is sounding the alarm but noted economists and finance barons. The faster we get rid of debt the better. As the unemployment rates rise and panic sets in the financial markets, the tools which are available at present will disappear making repayment all the more difficult for many.
The government in the UK is meanwhile reacting on predictable lines. From the measures taken till now, it is obvious that they are intent on bailing out the Banks and taking short term action rather than finding long term solutions to the problems. The fat bonuses which directors of sick banks have inked for themselves may have elicited horrific uproar from the public, but with limited response by government officials in the UK.
The way out is to clear our personal debt before it is too late. You deserve debt freedom, it is good for you, good for society and good for the World.
Monday, 23 February 2009
Friday, 6 February 2009
Protect yourself from the mounting crisis.
You cannot fail to be aware of the mounting crisis in the economy. The Bank of England has now cut interest rates to the lowest level ever at just 1%, in a bid to get people and businesses to spend more money.
The problem is that whilst many people have the advantage of lower mortgage payments, the cost of personal loans and credit cards is actually rising.
MBNA the largest provider of credit cards in the UK has been raising its rates steadily for months and many of their customers are finding that when the 0% rate finishes on new cards, the APR is suddenly 36% or more, much higher that advertised when they originally took out the agreement.
America Express has been doing the same thing with its customers, with interest rates as high as 46% APR, when they started at less than 17%.
Business failures are running at almost 22,000 for 2008, the highest level since the recession of 1992, with a much higher level expected in 2009.
The Financial Times today reported:
“The number of people who declared themselves insolvent was broadly the same as in 2007, at 106,544. This equates to around one in every 400 adults.
However, there was a sharp rise in the fourth quarter as 29,444 individuals declared themselves bankrupt or took out an Individual Voluntary Arrangement – up 18.5 per cent from the fourth quarter of 2007. This suggests that the numbers are likely to increase in 2009 as unemployment rises, placing further strain on over-indebted consumers.”
What does this mean for ordinary people?
In simple terms it means that the cost of unsecured debts like personal loans and credit cards is rising, whilst people ability to pay them is declining.
The only real advice for people is to get out of debt and build up the security of their income.
There are several way to secure your income, firstly, it is advisable to diversify your income sources, this can mean taking on a second job, or starting your own part time business working from home.
Obviously you need to make sure that you are able to keep you full time job, so you must be careful how you decide to create income, for example, if your current job finished at 5:30 and you take on another job starting a 6pm and finishing a 2am, you are not going to be able to get enough sleep and general rest, which could have a big affect on you performance at work and the quality of your life.
Therefore choose your work carefully and ensure that you will enjoy it.
When it comes to getting out of debt fast there are a number of options, including getting you personal debts written off. This simply means that the bank decides that they cannot collect the money and so the write it off. If this is done in the correct way it also will not affect your credit rating.
So take action now! Don’t wait until the “stuff hits the fan”, plan now to set yourself free to live your life without fear or stress.
To your future,
Chris
P.S. If you want to know if your debts can be written off take a look at http://www.IDeserveDebtFreedom.com
P.P.S If you are looking for extra income and a way to secure your future, take a look at http://www.IDeserveMoneyNow.com
Wednesday, 28 January 2009
In Answer To A Couple Of Questions About Debt Write-off
First Questions…
Today I was asked about loans in Ireland and if we can help people in the Republic get their debts written off legally and ethically as we can in the UK.
Unfortunately this is not possible at this time, because the laws in Ireland are not the same as in the UK, so the same process doesn't work there. It is a shame because in the research I have been doing over the last 18 months, I have come to realise that the way money is used as a form of bondage, not just for Third World countries but also for individuals in the First World, I have really become a little evangelical about it. It is similar to the way that doctors in Victorian times thought that it was healthy for people to smoke tobacco and take opium on a daily basis; today it is perpetual debt that is the curse of human life. In Victorian times people became addicts to drugs, thinking it was good, now people have become trapped by debt in the same way. See the move “Money as Debt” on our website. http://www.ideservedebtfreedom.com/index.php?name=moneyasdebt
Second Questions…
I was also asked about whether debt write-off would damage your credit rating. That partly depends on the technique used and the attitude of the bank. We use a system that seeks to avoid any adverse reports and ends in your credit rating being cleaned up on completion of the process. The unfortunate fact is that, even though it is completely illegal, the banks will endeavour to damage your credit rating. However, once the process is complete and they have been forced to write off the debt, your credit rating is then cleared up.
I have been amazed at the cavalier disregard the banks have to the law, which is why they are in this crazy position whereby about 85% of the loans they have made over the past decades are completely unenforceable.
I truly believe that the actions of individuals to hold them accountable will finally force them to obey the law and treat customers with respect.
As I said in one of my previous posts, Paul Flynn, MP for Newport West commented in the House of Commons, "Having checked the numbers of robberies and muggings in the past year, I can say with certainty that the public are much more likely to be robbed by the financial services industry than by burglars or muggers. The difference is that criminal theft is usually a single event, but robbery by financial institutions continues every week for decades." (Hansard Report – 11th June 2002). This is the simple truth, crazy as it sounds, but true all the same.
My single aim is to set as many people as possible free from personal debt, so if you or anyone you know needs help let me know, I really want to help.
To your freedom!
Chris
http://www.IDeserveDebtFreedom.com
Today I was asked about loans in Ireland and if we can help people in the Republic get their debts written off legally and ethically as we can in the UK.
Unfortunately this is not possible at this time, because the laws in Ireland are not the same as in the UK, so the same process doesn't work there. It is a shame because in the research I have been doing over the last 18 months, I have come to realise that the way money is used as a form of bondage, not just for Third World countries but also for individuals in the First World, I have really become a little evangelical about it. It is similar to the way that doctors in Victorian times thought that it was healthy for people to smoke tobacco and take opium on a daily basis; today it is perpetual debt that is the curse of human life. In Victorian times people became addicts to drugs, thinking it was good, now people have become trapped by debt in the same way. See the move “Money as Debt” on our website. http://www.ideservedebtfreedom.com/index.php?name=moneyasdebt
Second Questions…
I was also asked about whether debt write-off would damage your credit rating. That partly depends on the technique used and the attitude of the bank. We use a system that seeks to avoid any adverse reports and ends in your credit rating being cleaned up on completion of the process. The unfortunate fact is that, even though it is completely illegal, the banks will endeavour to damage your credit rating. However, once the process is complete and they have been forced to write off the debt, your credit rating is then cleared up.
I have been amazed at the cavalier disregard the banks have to the law, which is why they are in this crazy position whereby about 85% of the loans they have made over the past decades are completely unenforceable.
I truly believe that the actions of individuals to hold them accountable will finally force them to obey the law and treat customers with respect.
As I said in one of my previous posts, Paul Flynn, MP for Newport West commented in the House of Commons, "Having checked the numbers of robberies and muggings in the past year, I can say with certainty that the public are much more likely to be robbed by the financial services industry than by burglars or muggers. The difference is that criminal theft is usually a single event, but robbery by financial institutions continues every week for decades." (Hansard Report – 11th June 2002). This is the simple truth, crazy as it sounds, but true all the same.
My single aim is to set as many people as possible free from personal debt, so if you or anyone you know needs help let me know, I really want to help.
To your freedom!
Chris
http://www.IDeserveDebtFreedom.com
Tuesday, 20 January 2009
How To Make Money By Helping Others ...
Did you know that a recent study suggested that the quickest way to a high income is to help people solve problems in their lives?
It is becoming increasingly apparent that the debt crisis in the UK is far deeper than many previously thought. And it is a problem that is increasing daily.
Did you know that Britain's personal debt is increasing by £1million every 5 minutes? Did you also know that over 300 people are going bankrupt every day; that’s about one person every 4 minutes?
The problem with the banks is very much about the way in which they have been lending money for more than 25 years. Their lack of consideration for simple economics has lead to a cash-flow crisis that is now being bridged by both existing lenders and the tax payer.
For example, some MBNA card holders are facing shock interest charges as high as 35% when their 0% deals come to an end, and American Express now has interest rates as high as 46%.
The only real solution for most ordinary people is to get out of debt as quickly as possible, and the government has thrown every one of us a helping hand by clarifying the requirements of the banks. This is where you come in, now you can become a claims management Agent and earn real money by helping others.
"Failure by a lender to observe strictly, the intricate requirements of the Act can lead to a loan being completely unenforceable with no right of restitution or other form of relief"
Lord Justice Clarke, 2002
What this means is that ordinary people can get all their debts written off, without having to repay a single penny more; completely legally and ethically.
Paul Flynn, MP for Newport West commented in the House of Commons, "Having checked the numbers of robberies and muggings in the past year, I can say with certainty that the public are much more likely to be robbed by the financial services industry than by burglars or muggers. The difference is that criminal theft is usually a single event, but robbery by financial institutions continues every week for decades." (Hansard Report – 11th June 2002)
Getting out of debt is a not just about personal freedom; it is also about helping the economy. After all if you are not paying your hard earned wages to the banks, you will be out spending it and boosting the retail sector and creating employment, or saving it and thus creating much needed investment capital.
The process of clearing un-enforceable credit agreements is fast and for most people far more painless than paying them.
Now you can earn a substantial income by help individuals and the economy. Take a look at our website at: http://www.IDeserveMoneyNow.com
We are also hosting a conference call to explain in detail about how this works and what it can do for you. So if you are interested in finding out more decide which call you want to join now:
Wednesday evening, 21st January 2009 at 8pm GMT.
Telephone: 0844 84 84 84 0
Participant passcode: 67306
Tuesday afternoon 27th January 2009 at 2pm GMT.
Telephone: 0844 84 84 84 0
Participant passcode: 67306
Thursday evening 29th January 2009 at 8pm GMT.
Telephone: 0844 84 84 84 0
Participant passcode: 67306
You will be amazed at just how easy it can be.
To your wealth and success,
Chris
P.S. Clearing your own debts is just as easy, take a look at http://www.ideservedebtfreedom.co.uk
P.P.S You can keep up to date with the Agent Information calls at: http://www.IDeserveDebtFreedom.com/calls.html
P.P.P.S You can review the details of becoming an Agent at: http://www.IDeserveMoneyNow.com
It is becoming increasingly apparent that the debt crisis in the UK is far deeper than many previously thought. And it is a problem that is increasing daily.
Did you know that Britain's personal debt is increasing by £1million every 5 minutes? Did you also know that over 300 people are going bankrupt every day; that’s about one person every 4 minutes?
The problem with the banks is very much about the way in which they have been lending money for more than 25 years. Their lack of consideration for simple economics has lead to a cash-flow crisis that is now being bridged by both existing lenders and the tax payer.
For example, some MBNA card holders are facing shock interest charges as high as 35% when their 0% deals come to an end, and American Express now has interest rates as high as 46%.
The only real solution for most ordinary people is to get out of debt as quickly as possible, and the government has thrown every one of us a helping hand by clarifying the requirements of the banks. This is where you come in, now you can become a claims management Agent and earn real money by helping others.
"Failure by a lender to observe strictly, the intricate requirements of the Act can lead to a loan being completely unenforceable with no right of restitution or other form of relief"
Lord Justice Clarke, 2002
What this means is that ordinary people can get all their debts written off, without having to repay a single penny more; completely legally and ethically.
Paul Flynn, MP for Newport West commented in the House of Commons, "Having checked the numbers of robberies and muggings in the past year, I can say with certainty that the public are much more likely to be robbed by the financial services industry than by burglars or muggers. The difference is that criminal theft is usually a single event, but robbery by financial institutions continues every week for decades." (Hansard Report – 11th June 2002)
Getting out of debt is a not just about personal freedom; it is also about helping the economy. After all if you are not paying your hard earned wages to the banks, you will be out spending it and boosting the retail sector and creating employment, or saving it and thus creating much needed investment capital.
The process of clearing un-enforceable credit agreements is fast and for most people far more painless than paying them.
Now you can earn a substantial income by help individuals and the economy. Take a look at our website at: http://www.IDeserveMoneyNow.com
We are also hosting a conference call to explain in detail about how this works and what it can do for you. So if you are interested in finding out more decide which call you want to join now:
Wednesday evening, 21st January 2009 at 8pm GMT.
Telephone: 0844 84 84 84 0
Participant passcode: 67306
Tuesday afternoon 27th January 2009 at 2pm GMT.
Telephone: 0844 84 84 84 0
Participant passcode: 67306
Thursday evening 29th January 2009 at 8pm GMT.
Telephone: 0844 84 84 84 0
Participant passcode: 67306
You will be amazed at just how easy it can be.
To your wealth and success,
Chris
P.S. Clearing your own debts is just as easy, take a look at http://www.ideservedebtfreedom.co.uk
P.P.S You can keep up to date with the Agent Information calls at: http://www.IDeserveDebtFreedom.com/calls.html
P.P.P.S You can review the details of becoming an Agent at: http://www.IDeserveMoneyNow.com
Tuesday, 13 January 2009
Have you ever felt like life would be much easier without debt?
How much money do your debts cost you each month?
What would you do with that money if you weren’t paying it to the banks?
The simple truth is that life should not be about working 40 hours a week to pay the banks; life is about doing the things that bring you happiness.
I learned the hard way that life does not always go the way you want it to and that sometimes the road can suddenly turn and take you in a direction you don’t want to go. When my business started to struggle it was a simple matter of investing a little extra money to see it through the rough times and push on to the better times. Unfortunately the good times didn’t come and soon it was a case of keeping the business going to make sure that the debts were paid, which is not the right reason at all.
In the end I lost everything, but I decided that I would make sure that I learned enough about the way money works to make sure I never have to suffer like that again. Now I realise that if I had known what I know now I never would have had to loose anything, I could have fought the banks and I am sure I would have won!
Now all I can do is work to help ensure nobody else has to needlessly suffer the way I did. The team of specialist we have put together have many years of experience in the sectors of finance, banking, litigations and negotiation. This means that we have developed a unique way of approaching the banks that means that we avoid going to court in most cases and have so far achieved a 100% success rate on every case we have accepted. Check out http://www.IDeserveMoneyNow.com now.
It is my sincerest wish that we are able to help every one that we can and to set people free to live more fulfilling and rewarding lives.
To your financial freedom,
Chris
For more background information goto : http://www.IDeserveMoneyNow.info/
What would you do with that money if you weren’t paying it to the banks?
The simple truth is that life should not be about working 40 hours a week to pay the banks; life is about doing the things that bring you happiness.
I learned the hard way that life does not always go the way you want it to and that sometimes the road can suddenly turn and take you in a direction you don’t want to go. When my business started to struggle it was a simple matter of investing a little extra money to see it through the rough times and push on to the better times. Unfortunately the good times didn’t come and soon it was a case of keeping the business going to make sure that the debts were paid, which is not the right reason at all.
In the end I lost everything, but I decided that I would make sure that I learned enough about the way money works to make sure I never have to suffer like that again. Now I realise that if I had known what I know now I never would have had to loose anything, I could have fought the banks and I am sure I would have won!
Now all I can do is work to help ensure nobody else has to needlessly suffer the way I did. The team of specialist we have put together have many years of experience in the sectors of finance, banking, litigations and negotiation. This means that we have developed a unique way of approaching the banks that means that we avoid going to court in most cases and have so far achieved a 100% success rate on every case we have accepted. Check out http://www.IDeserveMoneyNow.com now.
It is my sincerest wish that we are able to help every one that we can and to set people free to live more fulfilling and rewarding lives.
To your financial freedom,
Chris
For more background information goto : http://www.IDeserveMoneyNow.info/
Tuesday, 6 January 2009
2009 could be the best year for you.... Debt Free
Do you know someone who is struggling with debt? Maybe yourself? Working long hours just to keep your head above water? Then you are not alone!Did you know that January is the busiest time of year for people seeking solutions for debt problems? Unfortunately many seek help such as Bankruptcy, IVA, Debt Management, Debt Consolidation. This is because most people do not know that the majority of unsecured, personal debts are not valid and do not need to be repaid…. And of course the banks don’t want you to know it.
"Failure by a lender to observe strictly, the intricate requirements of the Act can lead to a loan being completely unenforceable with no right of restitution or other form of relief" - Lord Justice Clarke, 2002
You may have started to notice an increase in the number of companies around offering solutions to debt, and an increase in the amount of advertising by banks and loans companies trying to sell new debts.
Lenders over the past few years have increasingly been offering secured consolidation loans for unsecured debts, shifting debts from unenforceable agreements like credit cards into what the lenders believe to be more secure enforceable loans. Do not risk losing your home because you have not been able to repay your unsecured credit debts.
It is a sad fact that debt is an increasing problem, one that is destroying the lives of more and more people. This year it is expected that more people will be forced into personal bankruptcy than ever before, averaging over 300 people every day!
The simple truth is that for many of these people, bankruptcy, IVA, Debt Consolidation or Debt Management, are not needed because the alleged debts they are suffering under do not actually exist. Sounds amazing doesn’t it, but it’s true.
Whilst navigating the legalities of these alleged agreements is a specialist task, once the banks know that the irregularities have been exposed they often simply write-off the debt there and then.
If you are wondering if your alleged debts or the alleged debts of someone you care about can be completely written-off, quickly, legally and ethically, check out the site at: http://www.IDeserveDebtFreedom.com/
We have recently added another video called Zeitgeist Addendum in the Information section, a video I would highly recommend that you watch.
To your freedom,
Chris
P.S. If you are looking for an additional income, maybe you could qualify as an agent, take a look at http://www.IDeserveMoneyNow.com
Sunday, 28 December 2008
Eliminating debt in 2009! The fast easy way.
The Christmas turkey has all gone the last of the mince pies have been eaten and the bin is stuffed full of Christmas wrapping paper.
All the relatives have been visited and it is time to start thinking about 2009. In a few weeks those Credit card bills are going to hit the carpet and it is going to be time to start paying the devil his dues .... or is it?
It is a fact many people only pay the minimum payment on their credit cards each month. Most people have more than 1 credit card and in fact there are over 32.5million credit cards in issue in UK carrying over £56 Billions of debt with a total credit card limit of over £177 billion.
The most amazing part of all this is that most of this money does not legally have to be paid!
Now there aren’t many banks that want you to know that, in fact they are keen to try to keep it quiet. It has been known by a select few for several years now, and it is only very recently that the wider public are beginning to find out.
So, if you have any credit cards, store cards or personal unsecured loans that were started before 6th April 2007, then there is a very good chance that you do not have to pay them at all .... completely legally and ethically!
But - (I hear you ask) ....
o How can you find out for sure?
o How do you get the bank to admit that you don’t owe them any money?
o What are the legal reasons why this money is not legally owed by you?
o In what way did the bank get it wrong?
o Who’s money was it that you received anyway?
o Did the bank actually lend you any money at all?
o Did the bank alter your agreement after you signed it without your knowledge or consent?
o Does the bank actually owe you money instead of the other way around?
The answers to these questions, and many more, require specialist investigation, but the process of finding out does not take long and it does not require you to take any risks.
The truth about how the banking system really works is actually much stranger than you might think and it so amazing that it defies belief when you first find out.
Take a look at the information section at http://www.ideservedebtfreedom.com/index.php?sm=1&name=moneyasdebt
Once you have taken a look you can always give me a call if you want to find out more on 0759 554 8271, or send me a message.
To your prosperity,
Chris Ball.
PS. If you are looking for an extra income and you want to help others to become free, maybe you could become an agent - take a look at: http://www.IDeserveMoneyNow.com/
All the relatives have been visited and it is time to start thinking about 2009. In a few weeks those Credit card bills are going to hit the carpet and it is going to be time to start paying the devil his dues .... or is it?
It is a fact many people only pay the minimum payment on their credit cards each month. Most people have more than 1 credit card and in fact there are over 32.5million credit cards in issue in UK carrying over £56 Billions of debt with a total credit card limit of over £177 billion.
The most amazing part of all this is that most of this money does not legally have to be paid!
Now there aren’t many banks that want you to know that, in fact they are keen to try to keep it quiet. It has been known by a select few for several years now, and it is only very recently that the wider public are beginning to find out.
So, if you have any credit cards, store cards or personal unsecured loans that were started before 6th April 2007, then there is a very good chance that you do not have to pay them at all .... completely legally and ethically!
But - (I hear you ask) ....
o How can you find out for sure?
o How do you get the bank to admit that you don’t owe them any money?
o What are the legal reasons why this money is not legally owed by you?
o In what way did the bank get it wrong?
o Who’s money was it that you received anyway?
o Did the bank actually lend you any money at all?
o Did the bank alter your agreement after you signed it without your knowledge or consent?
o Does the bank actually owe you money instead of the other way around?
The answers to these questions, and many more, require specialist investigation, but the process of finding out does not take long and it does not require you to take any risks.
The truth about how the banking system really works is actually much stranger than you might think and it so amazing that it defies belief when you first find out.
Take a look at the information section at http://www.ideservedebtfreedom.com/index.php?sm=1&name=moneyasdebt
Once you have taken a look you can always give me a call if you want to find out more on 0759 554 8271, or send me a message.
To your prosperity,
Chris Ball.
PS. If you are looking for an extra income and you want to help others to become free, maybe you could become an agent - take a look at: http://www.IDeserveMoneyNow.com/
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