Shocking debt stats for last month

Been reading the new debt statistics for October 2009 and they look pretty grim what with 2,000 Consumer County Court Judgements (CCJs) being issued every day in the first 3 months of 2009.

Another bad one is that there are 25,250 applications for consumer credit being turned down every day and the good old Citizen Advice Bureaus are dealing with 9,300 new debt problems, again every day in England and Wales.

On the brighter side the average household debt will increase by £0.34 today (it grew by £11.11 a day in January 2008), so there is some good news I suppose. If you want to read more then go to UK debt numbers for October 2009.

Diamonds are definitely not this lady's best friend

Just been into London all afternoon with a major newspaper listening to a very very sad case of fraud and theft, it's got it all, vulnerable well to do single lady, crooked mortgage broker, first rate fraudster, hundreds and hundreds of thousands of pounds and of course diamonds.

Will let you know when this comes up, thus far it is unreported. This lady, who has my up most support, wishes to prevent others from falling fowl to this international fraudster which is why she is revealing all. This could make a book and Hollywood movie. This fraudster is so good he would have had most of us for breakfast.

RBS and Lloyds to get 40 billion

When is it all going to end? Will we ever be told the truth about how close the banks were to going under, what would happen if this new sum of 40 billion was not going to be paid in by the tax payer?  It is all questions that we will never really get the true answer to. I feel like someone is spinning rather a lot at the moment over this bank fiasco, don't you?

Date to watch out for - this Friday, 6th November 2009

What goes on then I hear you ask? It's the release of the third quarter insolvency figures, these are combined consumer bankruptcies and Individual Voluntary Arrangements often referred to as IVAs.

Expect them to be going up due to the state of the economy, always sad reading as it means a lot of people have gone through a fair amount of suffering and trauma before they call it a day. I am great supporter of bankruptcy when it is the only way left for the consumer to deal with their debts, more on this on my blog on Friday.