Bankruptcy: Is this the future of the UK no matter who is in power?

Greece and a lot of eastern European countries are likely to fall before the domino hits the UK. Ireland is probably worse off too.

IMO, the tory lead of doing nothing would perhaps have prevented the long term pain of major economic collapse in the UK. But the UK was always too heavily dependant on financial or "service sector" jobs to ever have good fundamentals of an economy. "service sector" jobs can just disappear into thin air. And it’s the manufacturing jobs that bring proper wealth into the country which have disappeared since the thatcherism of the 80’s which shipped nearly half of all manufacturing jobs overseas because they weren’t being properly protected.

In fact you could just argue a whole lot of economies in this crisis need to be readjusted.

There are many countries in Europe and world wide that are financially, economically and socially unstable. But the biggest player is perhaps the united states, which once fallen will cause a massive security destabilisation in the middle east, on the borders of Europe, Japan and many other places where it has strong military ties which will crumble once the economy of the united states implodes. Many of its states are bankrupt and its only a matter of time until the federal government crashes too.

Who will take their place as world leader?We are certainly in deep trouble but whether this is catastrophic failure or not, I doubt it. While capitalism is its own grave-digger, it will always find a way out of catastrophes, but only by treading on the working class.

Capitalism by its very nature has to have recessions, because of the nature of profit. As workers, we are not paid the full value of our labour, to make profit for the bosses. Therefore, we cannot buy back what we produce and so the system is unstable and collapses temporarily, until living standards drop to such an extent that it becomes profitable again. Credit can offset this process for a while, but as the present recession shows, ultimately this has to be paid for.

A more sensible and rational economic system would be socialism, under democratic control and with fair distribution of wealth. We would not have to make any profit, the economy could be planned rationally and be more stable and we would have more leisure time, rather than being wage slaves all our lives. This was first pointed out 160 years ago by Marx and Engels. Unfortunately, it has yet to be put into practice.I remember when Britain wanted to borrow just a couple of billion from the IMF in the 70’s under Labour’s Callaghan, and the outcry was deafening when we had a recession then. But now, the thought of them owing virtually one trillion £ just completely sickens me well and truly. When millions of hard working Brits have worked so hard to try to build a decent way of life, it is truly demoralising I find.

Plain truth is that Brown and Darling haven’t got a clue. They never fixed the roof when the sun shone, and this really is the worst financial crisis this country has ever seen. I think the Conservatives will win the next election, but I cannot see them paying off such a huge debt in any of our lifetimes. Taxes will have to go up considerably, and all wasting of public money will have to stop….. immediately.Since the economics of most nations on the planet are linked together we are heading for a global economic depression which will work like a row of domino’s falling over. One country goes under then sets of a chain of other collapses. I believe were safe until the US dollar goes under, which could be any day now to be honest. On the other side of this collapse is a global communist government waiting in the wings headed by, what I believe, will be Tony Blair.That’s a good answer and also a worrying answer from "munch".

Generally Britain economy is weak and has been for decades, due to a lack of financial investment and support from weak governments of all colours.
But to prevent mass unemployment from the loss of manufacturing jobs the governments of the day literally invented jobs in the public sector all payed for by tax returns from the false housing and credit booms just like they did in greece.

Britain is not as badly affected as greece is but even so there many within the public sector who this country cannot realistically now afford to pay and need to be trimmed.
But here lies the problem that any government will have to face when cutting public spending, where are these people who will lose their jobs go to get another job.

In Britain today there are very few manufacturing jobs left for these people to go to, they’ve all but gone to the far east we now import much of what we once made, mined, grew ourselves and we export very little.

Attitudes towards manufacturing, coal mining, and the steel industry must change and must take president for resources, and the time for spending resources on anti global warming policies over-sea’s has long gone its been gone years, all lost in a sea of debt.One of the reasons for Britain’s failures is the pessimistic spirit of people.”Next year looks dismal” "We will never recover". If actually spent more time finding ways to make more money and get the country back on its feet it would be nearly half way by now, recovering. Bankruptcy: Is this the future of the UK no matter who is in power? It does not have to be.

 

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Want to cancel credit card that i just applied 4?

If the card does not carry any fees as clearly stated on their website, you have nothing to worry about.
Closing the card will do much more damage to your credit than leaving it open.

Note: It is 100% illegal for credit cards to hide their fees.
Please google AccountNow followed by the words
complaints, scams or rip-off
There is a lot of reading to do, but mostly due to people that signed up without reading the contract.
/Check the website or call again to see if you can gain access to the account using other identifying information (name, social security number, date of birth, etc.). But I think you will have to wait for the card to arrive to obtain the account number.

2 thing to consider before cancelling the card: credit score and credit card fees.

Applying for the card has already affected your credit score. Your credit report now has an inquiry which can negatively affect your score and you have an account. Canceling the card will not erase the inquiry. As long as the account stays in good standing, it is better for your credit score to have the account open.

Review the card terms to see what fees apply. Some of these fees will be owed even if you close the account immediately.

If spending too much is a concern, you can try a couple things to keep yourself in check. Leave the card at home unless you have a specific item to purchase. Freeze the card in a block of ice so you’ll have to work really hard to get it and use it.Best advice I can give you is do not activate the card when it comes in the mail you will most likely have to activate the card by calling a number. When you receive the credit card in the mail simply shred or cut it up, and never think about it again.

Though, if your ever interested in applying or checking another credit card…this is a very reliable site to apply at http://www.cashbackrewardcreditcards.net

 

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Has anyone ever claimed back credit card charges, how easy is it?

 

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How do i get default removed from my credit score.?

You can’t. That default is a legit record that stays on your credit report for 7 years. By paying it off, you ONLY removed the debt, NOT the record of the debt. Your credit report is a report of your credit HISTORY. That is the ENTIRE point of a credit report.

 

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Re mortgaging with bad credit?

There are a number of financial institutions that may support you, however be prepared to pay a premium in your interest rates. It is unlikely that one of the high street banks will support you, and please be aware that each time you place an application, a credit search will be done. Visit a local mortgage broker and talk to them, that would be a good start but before you go, ensure you have a full list of all your outgoings and correct income to help them I hope you get the help you wantAs said by the others. But note that you will not be able to borrow more than approx. 85% of the urrent appraised value. In addition, think carefully about why you want to take on your partner’s debt. If she took out the loan with her ex, I think that they should sort it out. In addition, why should your parents get involved in this? If you cannot pay on the new mortgage, they would be on the hook for this.If her ex is on the mortgage, there is nothing you can do unless he agreed to sell the house to your partner first. Second, is there a mortgage on the property now? If so, that would have to be paid off. If this is done, then you should contact a mortgage broker and see what your options are. You shouldn’t involve your parents in this matter.Assuming that you have equity in the home and your income satisfies the DTI (Debt To Income) Ratio the bank will go off of the lower score, usually 680 middle credit score which is conforming. If your credit score is lower than that I suggest you go and try "Loyds of London". They do not use credit scores only appraisal and a good bank reference.

 

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Where can I get a sofa withmonthly payments but no credit check?

 

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Can we claim tax credits?

You should already be claiming child tax credits, you will continue to receive child tax credits though the amount will be reduced according to your partners income. You will also receive working tax credits which will boast your household income.

Apart from child and working tax credits you couldn’t really came anything else. You will most likely have to pay full rent and council tax as what he earns would be enough to cover £80 a week but always check and make sure. The worst they can say is no, so apply for anything you think you may be entitled to and see what they say.

 

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I am due to be paid on the 29th of december with child tax credits will that stay the same?

It should be fine unless they notified you of a change of payment or change of circumstances, and it is a working day so banks and financial institutions are open. If you are really concerned, I’d give them a call on Tuesday to confirm.It should stay the same. However, you may have already been paid – mines were due 29th as well, but they went in already (can’t remember what day, but they are in early). So, check your account to see. If they are not in already, then they should be in 29th as normal.

Early payments can sometimes happen if your payments are due the day after a bank holiday (which 28th is). It doesn’t always, though – it may depend on the bank or whatever. It will just be down to the payment transfer system.

 

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Do i HAVE to put in a credit card number ?

You don’t really need to register to use I-tunes at all. Unless you’re after the whole Apple User benefits then I believe you’re meant to put one in, the reason for that is to make music shopping a matter of clicking rather than having to enter your data every time. Sneaky Marketing Strategy.

 

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Can you get a student loan if you have bad credit?

Yes. Federal student loans are offered up to a certain amount to anyone regardless of your credit history. Private loans are a different story, but the federal government does not look at your credit history for student loans.Are you concerned that bad credit will prevent you from going to college? While it is true that finding student loans with excellent interest rates is easier if you have a sterling credit rating, bad credit student loan aid is possible.

http://www.worldbestloans.com/student-loans.htm

Bad credit student loans are also possible if your parents have better credit than you do. In this case, a PLUS loan, which is granted to parents and not to the student, might be the way to go.SPECIAL LOAN OFFER, APPLY FOR LOAN AT 2% INTEREST RATE!!!

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