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Welcome
14 Comments
IF YOU WANT TO LEARN ABOUT DEBT THEN YOU ARE IN THE RIGHT PLACE
Debt Advice now is here to help you !
Because many people hide debt problems and that only makes it worse!
- DEBT IS A TICKING TIME BOMB
Well here is one good reason and that’s, Jobs in the UK are STILL going and repossessions are rising !
If your’e not convinced then go and have a read on the articles UNDER “Latest News-Posts” to the right hand side of this page and if you still are not convinced then you better contact us because we have cases that would make your hair turn grey even if you’re only 25?
Debt advice now reports that Consumer confidence in UK falls further
A new report says almost 20 million of the British people have to tighten their belt in the first few months of 2011 due to the squeeze on living standards.
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The report, which is based on a survey commissioned by financial firm Axa, said that people had been cutting back on holidays, food shopping, going out and using car as a result of financial problems caused by an economic meltdown which brought the country to the brink.
Britain has registered a sharp decline in consumer confidence over the past year across eight different demographic groups, said the Report.
A poll of almost 2,000 people conducted by YouGov found a sharp drop in financial confidence over the 12 months to March.
The period coincided with a slowdown in the economy, rising taxes, higher inflation and the announcement of the coalition government’s austerity plan, the report said.
The survey found the “stretched” people – those in their 20s and 30s on low incomes – had felt the spending restraint more strongly.
“A striking 40 percent of consumers (up to 20 million people) chose to go out less between January and March this year, a five percentage point increase on the previous quarter,” Axa said.
“Half (48 percent) of those in the most pessimistic group, young professionals, cut back on going out. The proportion among the stretched was even higher at 56 percent,” according to the report.
The survey also found that one in four of those questioned said they were dipping into their savings to fund everyday expenditure.
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Moreover, millions of consumers were also making economies in order to pay off their credit card debts, according to the survey.
A fifth of the population said they now regretted some of the financial decisions they had taken before the deep recession of 2008-09.
“These figures reveal a concerted effort by British consumers to claw back some financial security in the face of a significant drop in optimism that we found across all demographic groups.
The result is that we are busy paying off debts, reining in unnecessary spending and clinging on to financial products to protect or grow our assets,” said Axa UK’s chief investment officer, Eric Lhomond.
Ok so is this survey interesting or what and if you are still reading, then the team at debtadvicenow, may just be able to put your mind at rest about debt (that’s what we do you know).
Anyway if feel like talking to the professionals about YOUR debt problems then WHY not call or e mail us you never know we may actually be able to HELP YOU and so why not do it now our advice is WITHOUT OBLIGATION (meaning you can ignore us if you want) so you don’t have to take our suggestions or ideas if you don’t want to.
Hey ho.Here’s the number again:
0845 394 7992 (local call rate)
Email: info@debtadvicenow.net
Or hit the “contact us” bar at the top pf this page.
You know it makes sense
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14 responses to “Welcome”
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Debt is a vicous cycle, when there is less money people go out less and spend less money, this puts a strain on business as there is not enough cash flow to pay staff. If you lose your job it becomes worse as you have no income but need to keep up essential payments like your mortgage.
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