Tag Archives: credit

Spiralling debt and how to escape

An increasing issue in the UK and across the European Union is the growth of high-risk credit and short-term loans, often called “payday loans” as they are marketed to give people an advance until the end of the month when they are paid.  These services are generally aimed at the poorer members of society, who are unable to take out longer-term loans due to poor credit histories, and who are most likely to need fast access to money to pay bills or buy essential goods. Continue reading

The importance of confidence

A simplistic business model sees goods or services running one way through a vertical chain, and cash running the other.  For example, a baker makes a loaf, passes it on to a retailer, who passes it on to the customer.  The customer pays the retailer, who pays the baker.  Continue reading