Be careful where you take your advice
There are probably very few adults in the UK with no debt at all. Fortunately, most adults can manage their debts capably even if they’d prefer to be without them. Unfortunately, some adults struggle with their debts. They may learn to manage them with the help but only if they get the right help from […]
Unusual ways to make money
Saving money is all very well but you have to make it first. If you’re in employment, probably the most obvious way is to try to increase your income from that. If you’re not that’s not possible, then you’ll have to look at other options. With that in mind, here are some suggestions for unusual […]
What can you do if you can’t pay your debts
When you take on debt, you make a commitment. As long as you can fulfil that commitment, everyone is happy. If, however, you start to struggle to make that commitment, then neither you nor the lender are happy. Fortunately, there are many ways to resolve these situations and it’s in the lender’s best interest to […]
Should you be worried about negative equity
Negative equity is when the amount owed on a secured debt is more than the value of the asset on which it is secured. The term is generally associated with the property market although it can be used in other contexts. For homeowners, being in negative equity is generally an undesirable situation. It is, however, […]
Company insolvencies stay at worrying levels
The basic principle of company insolvency is much the same as personal insolvency. In short, it means a company is unable to make even the minimum payment on all of its various obligations. As with personal insolvency, there are different ways a business can go insolvent. All of them, however, create implications for company directors. […]
Are you spending too much?
Impulse buying is essentially mindless buying. In other words, it’s buying something without a clearly defined need or want. Probably most people do it to some extent and in most cases, no real (financial) harm is done. For others, however, impulse buying can do serious harm to their finances. With that in mind, here are […]
What summer 2023 has in store for your money
It’s always important to stay alert to changes that could have an impact on your financial health. There are several changes planned, or at least possible, this summer. They could all have a significant impact on your financial standing. Here is what you need to know. Interest rates could go up The Bank of England […]
Young people do not understand money
Financial literacy is a crucial skill for young people navigating today’s complex world. Unfortunately, studies reveal a concerning trend of financial illiteracy among modern youth. This article explores the consequences of this issue and provides actionable strategies to empower young people with the knowledge and skills to understand money, make informed decisions and secure their […]
Mortgages could cause household woes
As homeowners, it\’s crucial to be prepared for the possibility of an increase in mortgage interest rates. Such increases can impact monthly repayments and overall financial stability. This article will explore five effective strategies to help homeowners navigate potential rate hikes and hence ensure they are equipped to handle higher mortgage costs. Reviewing current mortgage […]
How Company Directors Can Protect Themselves Against Accusations Of Insolvency Fraud
Given the economic situation around the world, it’s hardly a surprise that many companies are becoming insolvent. This includes many companies in the UK. The rise in insolvencies has led to a rise in insolvency fraud investigations. This means that all company directors should make it a priority to protect themselves from allegations of insolvency […]