Debts and the Coronavirus
To say that the Coronavirus is causing extensive disruption and confusion is putting it mildly. Rules seem to be changing if not every day then at least on a regular basis. For all the chaos, however, the basic ground rules of credit-management are still holding largely true. Debtors are expected to make at least the […]
Saving your finances and your mental health
The Coronavirus hasn’t just caused a lot of problems, it’s highlighted existing ones and possibly made them worse. For example, it’s common knowledge that years of austerity have left many people on the financial edge, if not actively struggling. It’s also common knowledge that many people in the UK experience mental health issues to some […]
When\’s the right time to get help with your debt?
The third Monday in January is known as Blue Monday, because it’s believed to be the most depressing day of the year. It’s easy to see why. However recent events may well have overtaken this and there will certainly be new blue days in everyone’s calendars. For some of us, getting over the next few […]
The move to digital bankruptcy
It is now almost four years since the government created an online system for bankruptcy applications in England and Wales (it launched in April 2016). Although it is possibly one of the government’s lesser-known developments, by any measure, its launch has been a genuine success. Bankruptcy and the move to “digital-first” In some ways, the […]
Could SMEs soon benefit from a freeze in loan repayments?
The British Chambers of Commerce has introduced a “Coronavirus Business Impact Tracker”. Its first set of polling covered over 600 businesses and was conducted from 25-27 March. The results were recently published and unsurprisingly they make for grim reading. Possibly the most concerning finding was that 62% of firms have at most three months’ cash […]
Is bankruptcy common knowledge?
Bankruptcy is arguably a rather odd situation in that it is, in principle, public knowledge. In practice, however, it’s highly unlikely that anyone you know personally will find out unless you choose to tell them. Your existing creditors, however, will have to be told and, going forward, some service providers will either be told or […]
Some Helpful Finance Links
We are working remotely and operating all meetings via phone or video call, using email as much as possible. But apart from this, we are operating normally in these challenging times. Our ethos is excellent customer service with advice tailored to each situation. We usually prefer face to face meetings to help us develop a […]
What the budget means for people and business in debt
If last year’s budget was the “Brexit budget”, this year’s budget may go down in history as the “Coronavirus budget”. That said, the measures to lessen the impact of the Coronavirus may also turn out to be good news for those on low incomes and for both people and businesses with debt. Interest rates were […]
How much debt is hanging over your head?
According to a poll by money.co.uk almost two thirds (63%) of UK residents aged 16-64 have entered 2020 with some kind of personal (non-mortgage) debt. A third of those polled had debts of between £2k-£10k and nearly a fifth had debts of over 10K. On the plus side, it’s not all bad news, these results […]
Ten Ways to cut down your debt
If you’re dealing with debt (or just lack savings) then you need to get real about the fact that change will only happen if you take action. With that in mind, here are ten, monthly challenges you can use to help pay down your debt and/or build up your savings, starting from now. We’ve suggested […]