How To Turn The Credit Crunch Into a Credit Bounce
With the current economic situation many of us find ourselves in difficult times, although there is no need to suffer in silence. Harrington Brooks, a UK-based company, offers debt relief to all those who need debt help with their new range of debt solutions.
(PRWEB) November 21, 2008
There was a time -- last season, perhaps -- when crunches were considered good. Back then they were called ab crunches and made your body look amazing. These days, crunches are bad for your wallet and go by multiple names: credit crunch, financial crunch, cash crunch. With all the bad news going around, we're hoping to give you something to smile about.
What does the credit crunch mean for you? It could mean that your health will suffer from all the stress. Your repayments may increase and you will not be able to pay them all. Having unpaid bills would make anyone feel guilty, and worse, anxious.
You need to try to settle your debts or/and make repayment arrangements with your creditors. Try not to enter into any new credit agreements and focus on paying off what debts you have right now.
The credit crunch causes a reduction in the availability of loans and other types of credit. This has been going on for the last year. We also saw an increase in the amount of bad and toxic debt: the Bank of England estimates toxic debt losses at £1,800bn. Banks hoard cash and do not want to risk defaulting clients. It also means that prices for goods and services are increasing.
Harrington Brooks has new services to help customers get rid of their debt and focus on making the rest of their lives as attractive as their wallets: , a, and. There is also a banking account (http://www. harringtonbrooks. co. uk/extradirectbank. php), guaranteed if you can proof your identity, which is backed by Extra Direct, for all clients including those people who have filed for bankruptcy. This is in addition to debt management plans (http://www. harringtonbrooks. co. uk/debt-management. php), individual voluntary arrangements and loans & remortgages. This means that your life can improve exponentially when you use the services offered by Harrington Brooks.
If you're feeling stressed out just thinking about the amount of debt you have, why not read the personal finance blog or section for advice on how to manage your finances. You will find advice on things such as debt management, IVA (http://www. harringtonbrooks. co. uk/individual-voluntary-agreement-iva. php) and personal bankruptcy (http://www. harringtonbrooks. co. uk/bankruptcy. php) besides the occasional posts about how to live a good quality of life on a budget.
Harrington Brooks (http://www. harringtonbrooks. co. uk) is one of the longest established financial practices in the UK, with an unrivalled reputation with Government Legislative Bodies, Regulators and Creditors alike.
Established in 1998, Harrington Brooks offers people who are in debt a full range of solutions, all under one roof. We have helped over 40,000 clients by repaying over £130 million of debt through Harrington Brooks. Further details on our range of financial solutions can be found at www. harringtonbrooks. co. uk, or by speaking to one of our expert advisors on 0808 131 0040.
###
