Archive for June, 2008

postheadericon Yikes! ….£17 Billion Credit ‘Lent Without Proof Of Income’

uSwitch.com have stated that millions of people have applied successfully for credit cards without being asked to prove their income according to the survey.

It is reports (and actions) like this that will lead this country and individuals into a crisis. If people stretch beyond what they can realistically afford then there is a danger that not only will the country go into a recession but the individuals with debt will suffer more than those who have a good grip of their finances.

Get a grip of your finances, start a budget, check your income and outgoings and take steps to ensure your future is bright regardless of the state of everybody else finances.