The last decade will go down in history as the one where UK consumers really learned how to pile up the debt. Despite all the doom and gloom, house prices between 2000 and 2010 increased by over 25%, across the country. This is even taking into account the huge hit taken in 08 and 09.
During the decade, debt was easy, debt was fine and worst of all for many, debt was something that you didn’t worry about. But, the cost and availability of debt is now much higher and harder. No longer can you self cert yourself into a £300k mortgage.
But, for other areas of life and business it depends on what type of debt you are taking on. If you have spent most of you adult life working for someone else, the new decade (as yet un-named) may lead you to branch out on your own and start a new venture.
As part of this process, you will more than likely search for, and purchase, small business insurance. The reason for saying small, is that you will look for the most competitive policy you can for the cheapest premium.
For this reason you would not necessarily look for an all singing, all dancing, commercial combined insurance quote, just a basic policy.
You will find, when starting out, that any money you have disappears at warp speed. So, you will be pleased to know that all UK insurers offer some form of credit. Either, 6, 10 or 12 months. You need to look out for the interest free deal. This is the best kind of dent to take on, where someone else pays for it!