Managing Your Wedding Budget
With COVID19, finally, on the way out, weddings are very much on the way back in. Of course, just because you can have a large wedding, it doesn’t mean that you want to it\’s important to consider your wedding budget. For many couples, however, the challenge is that you may not initially know what you […]
Time To Pay Off Credit Card Debt
COVID19 has left a lot of people with a serious financial headache. Hopefully, 2021 will be the year that it is vaccinated out of existence and the world can open up again. While it’s fine to celebrate, it’s also vital to tackle any debts you have. Here are some tips to get you started. Polish […]
Homeownership After Bankruptcy
A bankruptcy is usually discharged after 12 months but generally stays on your credit file for 6 years. You cannot get credit until you are discharged. After that, you will probably find yourself in a credit twilight zone for another couple of years. From year four, you can normally start to get credit but you […]
What To Do If You\’ve Missed Payments
In principle, there was a lot of support for people who got into difficulty due to COVID19. In practice, it wasn’t always easy for people to access that support, at least not quickly. Lenders were trying to cope with a deluge of requests for help while adapting to remote working. If you ended up missing […]
The Post-Pandemic Debt Hangover
The pandemic probably wasn’t full of fun for anyone, let alone everyone. For some people, however, it was a chance to save money. For others, by contrast, it was a time when they were forced to run down savings and potentially run up debt. Financial planning in a time of uncertainty Planning is essentially the […]
Can Debtors Breath Easier Now?
The COVID19-specific debtor-support measures are coming to an end. They are, however, being replaced by a combination of the established creditor-forbearance measures and the new concept of “breathing space”. Here is a quick guide to what you need to know. Breathing space comes in two forms There is “standard” breathing space and mental-health-crisis breathing space. […]
How To Get A High LTV Mortgage
If you’re trying to get on the property ladder, the standard advice is to get as big a deposit as possible. That’s solid advice but realistically there’s likely to be a limit on what most people can save. What’s more, there are often limits on how much money can be gifted. It’s therefore a good […]
Has The UK Averted A Debt Crisis?
Financially, the pandemic was very much a tale of two groups. One group made savings and/or paid down debt. The other group, at best, managed to get by, at worst used up savings and/or took on debt. Some of the latter needed the help of the COVID19-support measures. These are now coming to an end […]
The Challenge Of Regulating Fintechs
Throughout the course of history, change has happened and then the law has regulated it. This situation has often led to challenges and, indeed, open conflict. These challenges are increasing in direct proportion to the speed of change. This is probably most obvious when it comes to technology and, in particular, the world of fintechs. […]
Getting a personal loan
If you’re going to take on debt you want to do so in a mindful way. That means borrowing the minimum, at the most favourable rates. There’s a strategy for making this happen. Here are the key points. Cut your credit lines When you apply for a personal loan, the lender will assess your overall […]