The bailiffs are back
The bailiffs are back, or at least they will be very soon. Bailiffs can resume their tasks from 23rd August. If the thought of this is sending a shiver down your spine then now is the time to start taking action. Here are some tips. Work out your real-world financial position Your real-world financial position […]
What to do when you can\’t pay your mortgage
The UK has to chart a path out of lockdown. It also has to chart a path into Brexit (and beyond). While it would be nice to think that this will all be plain sailing, it’s safer to assume that challenges will lie ahead and think about what steps you will need to deal with […]
How to stop your spending
You may have heard about getting a payment holiday from a lender, but what about giving yourself a payment holiday? If you’ve been on social media, you may have heard people talking about “no-spend” periods. This can mean anything from not spending on anything they don’t actually need to get through the period to not […]
Is debt ever written off?
Creditors are only obliged to write off debt when you become insolvent. Depending on your situation, however, it may be possible to agree to get a lender to write off some, or even all, of a debt without going down that path. You cannot get a debt written off by ignoring it In very particular […]
Has the Lockdown Saved Us Money?
According to figures from the Bank of England, in April, households repaid £7.4 billion of consumer credit. This is the largest net repayment since their records began. Not only that, but they also increased their deposits in banks and building societies. This suggests that, for some people at least, the lockdown has actually saved them […]
Side-hustling your way to success?
The term side-hustle might not be used all that widely in the UK, but the concept itself is not just well understood but widely practised. In fact, side-hustling might rank right up there with remote working as one of the major trends of the 21st century and by all appearances, they are both only set […]
Paying off debt versus savings
If you have more money at the end of the month, then you have to decide what to do with the extra. If you’re carrying any sort of debt, then you basically have three options, pay it down, save or invest. Let’s look at what this means in practice. The pros and cons of paying […]
How to save during lockdown
The early days of lockdown were marked by panic buying and intense spring-cleaning. Now that people have had a chance to adjust, it’s a good time to deal with tasks you might otherwise never find time to do but which could save or make you money. Here are some suggestions. If you have items to […]
Statutory Demands, Winding up Petitions and the use of a new Moratorium and new Restructuring Plan
As the lockdown restrictions start easing there is some interesting news around the changes to the insolvency rules specific to Statutory Demands, Winding up Petitions and the use of a new Moratorium and new Restructuring Plan to aid the rescue or restructure of a business. There are bans on issuing Statutory Demands and Winding up […]
Managing bills and debts during the Coronavirus pandemic
It became very clear very quickly that the Coronavirus was going to have a significant financial impact on both the UK as a whole and the individual people who live in it. The government has been taking steps to try to mitigate this impact using a combination of direct support and working with industry to […]