Do You Need A Debt-Management Plan?
If you have debt, then you need a plan to manage it. You may benefit from having this formalised into an official debt-management plan. There are, however, advantages and disadvantages to this approach. Here is some guidance to help you decide if it’s right for you. The basics of debt-management plans A DMP plan is […]
Taxing Times Ahead in 2021
Despite the lockdown, it’s looking increasingly likely that the end could be near for COVID19. It may not be completely eradicated any time soon, but vaccines (and warmer weather) could feasibly bring it under control. It’s probably safe to assume that as soon as a “new normal” is established, the government will have to look […]
Love and Money
Marriage is by no means dead, but it isn’t the standard social norm it used to be either. Many couples cohabit, either before or instead of marriage. Some marriages end in divorce (or legal separation) which can lead to joint debt. Some couples who are married choose to keep their finances largely separate. This means […]
Your 2021 Debt-Reduction Plan
Goodbye 2020, you will not be missed. Hello 2021, the year to tackle the financial damage of 2020. If you’re carrying a debt hangover from that disastrous year, here are the basic steps to tackling debt reduction. List out all your debts You need to know the lender, the balance and the interest rate. Put […]
Tackling Post-Pandemic Debts
Hopefully, 2021 will be the year COVID19 is finally sent into oblivion. Once it is gone, everyone can start assessing the financial damage and figuring out how to deal with it. Ideally, people struggling financially due to pandemic debts (and Brexit) will be able to get some help from the government. Here are some measures […]
Can Box Sets Boost Your Credit Score?
A credit score is basically an assessment of how risky it is to lend to someone. Like all assessments, it’s only as good as the data which goes into it. Credit agency Experian has acknowledged this with the launch of their new (and free) “Boost” service. What makes Boost special? Boost is a voluntary addition […]
Has COVID19 Broken Financial Taboos?
According to the old saying, “a trouble shared is a trouble halved”. Even so, it’s not always easy to share your troubles, particularly if they relate to money. Now, however, COVID19 has sparked all kinds of financial conversations. Has it been what the UK needs to break long-standing financial taboos? Why do people dislike talking […]
The Return of The Debt Collectors & Other Debt News
The BBC hit the headlines itself recently. It has been sending out debt collectors during the lockdown. Unsurprisingly, this has not gone down well. It is, however, a timely reminder that the reprieve from debt sanctions is only temporary. With that in mind, now seems a good time to look at the situation and the […]
Will Debt Be The Next Pandemic?
Hopefully, 2021 will be the year COVID19 itself is brought under control in one way or another. It is, however, difficult to see its economic consequences being resolved quickly. Then, of course, there is the matter of Brexit. Put the two together and it’s easy to see how some people could be pushed to the […]
The Basics of Debt Consolidation Loans
If you have debt you want to pay it off as affordably as possible. It can, however, be complicated to work out how to do this. Here is some guidance to help. The two basic strategies for paying off debt. There are really only two basic strategies for paying off debt. The first is to […]