Category Archives: Getting out of debt

Why debt is a bad thing, and why your own Internet business can get you out of debt and on the path to becoming “ScamFree”

Mortgage Doom And Gloom Is Overdone!

Posted on December 8, 2007 by Neil_Shearing

I’m not sure about the exact situation in the USA, but here in England the same story is everywhere… 1.4 million people will come off “cheap fixed rate” deals in 2008 and will be hit with their mortgage lender’s full … Continue reading →

Posted in Current posts, Getting out of debt, Personal | 12 Comments

Oh c’mon now!

Posted on January 12, 2007 by Neil_Shearing

This is one of my infrequent “real life money” posts. Today, in the Telegraph online we have this claim… “Home repossessions are expected to soar after the Bank of England took the shock decision yesterday to raise interest rates by … Continue reading →

Posted in Current posts, Getting out of debt | 5 Comments

My bank used Internet Marketing tactics on me!

Posted on December 7, 2006 by Neil_Shearing

In this post I get to pull together two of my favourite themes… sneaky banks and Internet marketing. If you’ve seen the ever-increasing hype surrounding new product launches in the Internet marketing world, you’d be forgiven for thinking that the … Continue reading →

Posted in Current posts, Getting out of debt, Personal | 4 Comments

British disposable wealth falls…

Posted on October 9, 2006 by Neil_Shearing

More information was published recently about the massive debt mountain the British have built up… So far this year people have taken more money OUT of their houses through remortgaging than the houses have increased in value… which means people have … Continue reading →

Posted in Current posts, Getting out of debt | 1 Comment

HSBC cuts lending as bad debts soar 36pc

Posted on August 1, 2006 by Neil_Shearing

OK, so this just has to be coincidence, right? “HSBC cuts lending as bad debts soar 36pc”  and… “HSBC is the latest bank to be hit by soaring UK bad debts, underlining concerns that hundreds of thousands of Britons are … Continue reading →

Posted in Current posts, Getting out of debt, Personal, Recommendations | 2 Comments

It’s not just us in debt…

Posted on August 1, 2006 by Neil_Shearing

A while ago I mentioned that consumers were in debt. In Britain we owe 1.227 trillion pounds… (about $2.2 trillion, according to xe.com) that’s 1.015 trillion in secured debt (mortgages) and 211.6 billion in unsecured debt (credit cards, loans, overdrafts)… … Continue reading →

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Free money (no, it’s not what you’re thinking)

Posted on July 31, 2006 by Neil_Shearing

—> In this post the examples are fictitious. This information may not be construed as advice of any kind. If you plan to do anything similar to what I mention in this post, it is entirely at your risk. Consult an expert in financial advice … Continue reading →

Posted in Current posts, Getting out of debt, Personal | 2 Comments

Credit card debt and its scary implications

Posted on July 16, 2006 by Neil_Shearing

If you’ve been following my interest in getting out of debt, you’ll probably like this article in today’s Sunday Telegraph. Every week I read the views of this economist… what he thinks of the price of oil, the pound/dollar exchange … Continue reading →

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Great quote related to debt and not saving…

Posted on July 13, 2006 by Neil_Shearing

I liked this quote from today’s Telegraph… “People are acting as if they expect to be able to fund a longer and longer retirement with less and less saving.” Apparently, only 1 in 4 people in their 20′s in England … Continue reading →

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The debt mountain gets higher…

Posted on June 28, 2006 by Neil_Shearing

I want to be free from debt… all debt. I consider debt to be a big scam, and I don’t like being scammed. In fact, I want to be “ScamFree”. My personal date for being scamfree is January 2008… just … Continue reading →

Posted in Current posts, Getting out of debt, Personal | 1 Comment