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keef

Personal Insolvencies Hit New High

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....but what happened to all the money? was it not spent in the economy? is defaulting on your debts the same as QE?

....the economy thrives on bad debt, if there was no debt money to spend there would be higher unemployment, lower wages and less tax collection......so it is par for the course that bad debt creates wealth. :unsure:

...just a thought. ;)

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http://www.bbc.co.uk/news/business-12364440

If that doesn't affect House Prices I really don't know what does ...

:huh:

Jobs are THE trigger. Insolvency just leads to a quick court order and back at it a few months later.

When people do not have jobs they do not get loans and are forced to sell the property they own (the bank owns) for what the market will bear--and that is dropping daily.

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The feckless were saved with the IRs dropping...then the cost of living shot up to fill that hole.

They feckless will always be fecked.

It's just a matter of time....

I think it is only those with tracker mortgages that were saved.

Credit cards are still pretty high.

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Just seen a bird interviewed about this on the news (she's a manager for some debt body). She says beneath the 135,000 figure for 2010, there are a further 800,000 individuals in some sort of insolvency agreement with lenders and a further 18 MILLION who are struggling once they make it past the 19th of every month (this is a major bombshell IMO).

Bring it on!

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Just seen a bird interviewed about this on the news (she's a manager for some debt body). She says beneath the 135,000 figure for 2010, there are a further 800,000 individuals in some sort of insolvency agreement with lenders and a further 18 MILLION who are struggling once they make it past the 19th of every month (this is a major bombshell IMO).

Bring it on!

It may be a bombshell to some of those who are comfortably off but to most of us this comes as no surprise.

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Just seen a bird interviewed about this on the news (she's a manager for some debt body). She says beneath the 135,000 figure for 2010, there are a further 800,000 individuals in some sort of insolvency agreement with lenders and a further 18 MILLION who are struggling once they make it past the 19th of every month (this is a major bombshell IMO).

Bring it on!

that's pretty much 1 in 2 working adults or some such figure.???

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Pop over to MSE and have a look at the Bankruptcy forum it is scary.

Reading between the lines I think quite a lot of these people are young. Many relate stories of being pregenant , have toddlers , left Uni a few years ago ect.

Is it the case that it is so expensive to set up home and live in this country whether you buy or rent and raise a family that those on average wages just come unstuck.

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Just seen a bird interviewed about this on the news (she's a manager for some debt body). She says beneath the 135,000 figure for 2010, there are a further 800,000 individuals in some sort of insolvency agreement with lenders and a further 18 MILLION who are struggling once they make it past the 19th of every month (this is a major bombshell IMO).

Bring it on!

http://www.creditman.biz/uk/members/news-view.asp?newsviewID=13092

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The end game of adopting a debt-based, commercially issued means of exchange.

It will lead to the perpetual debt enslavement of almost everyone, or to money reform.

http://www.positivemoney.org.uk/

wrong...debt will be defaulted .....and a new currency revealed.

Slaves cant be held down once they arent able to feed themselves.

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wrong...debt will be defaulted .....and a new currency revealed.

Slaves cant be held down once they arent able to feed themselves.

Wat will we call this new currency, will it have someones piccy on it?

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Wat will we call this new currency, will it have someones piccy on it?

The Cameron?

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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