Make 2020 the year you deal with your debts
It’s been said many times already, but 2020 is the start of a new decade as well as a new year. On a more practical note, 2020 will be the transition year during which the UK and the EU will redefine their relationship. As yet, it’s unclear what the separation will mean in practice, but […]
Don’t let winter blues get you down
The tail end of winter can be the worst time of the year. The festivities can seem like forever ago (except for the bills) and spring can seem like forever away. It’s easy to say “don’t let the winter blues get you down”, but it can be a lot harder in practice. So, with that […]
Why are so many people becoming insolvent?
A look at the insolvency statistics over the last 10 years, shows that both 2009 and 2010 had very high levels of insolvencies, which is hardly a surprise given that they followed 2008. After this, however, the number of insolvencies fell each year until 2015, after which it began to climb again. The jumps between […]
Should you choose bankruptcy?
If you’re losing sleep over money worries then you need to take action for the sake of your long-term health as well as the long-term wealth you could potentially have if you take action to resolve the problem. While you need to pull your head out of the sand quickly and make a commitment to […]
Bankruptcy before and after Insurance
The basic idea behind bankruptcy is that you spend a certain period of time paying as much as you can towards your creditors. When that period ends, (most of) your debts are wiped off so that you can make a fresh start. The basics of bankruptcy One of the key principles of bankruptcy is that […]
What is causing the rise in millennial insolvency?
In some ways, millennials have had it great. They have not only enjoyed a massive level of peace and prosperity, but they have also been the first generation to enjoy the massive benefits of the digital age in general and the internet in particular. In other ways, life has not been so kind to them. […]
Dealing With Difficult Months
Businesses are often cyclical. In principle, this shouldn’t be a problem, because the money you make in the “good” months should cover you for the “bad” months and you can use the downtime to get on with “behind-the-scenes” work. That’s all fine in theory, but in practice, you may still find yourself running into times […]
New Year Money Tips
The festive period can easily take a toll on both your waistline and your bank balance, expanding the former and shrinking the latter. The good news is that both of these issues can be addressed and the sooner you get started dealing with the issues, the sooner you’ll see results. With that in mind, here […]
The secret burden of bankruptcy & debt
Although “debtors’ prisons” are now very much a thing of the past, debt can still be a nasty trap for the unwary and those who are already in a difficult financial place are, of course, likely to be the most vulnerable. As any parent will know, children are expensive and the younger they are, the […]
What happens if you don’t pay your creditors?
If you’ve taken out credit, it’s probably a safe bet that your creditor has asked you to set up an automated payment for your monthly bill. In principle, this makes sure they can get their money without you having to remember to send a payment. In practice, this only works if there’s money in your […]