Can you get Help to Save?
Last September (2018), the government introduced a new “help to save” scheme, aimed at helping those on lower incomes to build up cash savings. Here is a brief guide to eligibility and how the scheme works. Who can join the help to save scheme? In order to join the help to save scheme, you need […]
Can getting a loan solve your debt issues?
Debt consolidation is a bit of a tricky topic. On the one hand, it can often be associated with the likes of the late, unlamented Wonga, which provided a means to pay off one set of debts by taking on one single debt, albeit often at a more expensive rate. On the other hand, done […]
Beat Broke
Even if you’re not in debt, looking after your pennies really does help you to build up the pounds in your bank balance. Money-saving tips may seem boring, but making use of them can result in you having the cash you need to make your life much more interesting. What’s more, some of them can […]
Why getting into debt is easy
One of the biggest issues we know about is the ease in which people find themselves in debt. Part of the problem is the availability of credit, whether card or loan. Recently, in the news were suggestions that there should be a curfew on credit companies as many people apply later at night when perhaps […]
You can snowball debt in summer
Snowballing is the name given to a common strategy for strategic debt repayments. The basic idea is that you make the minimum payments on all of your debts and focus the rest of your disposable income on the most pressing debt. Snowballing only works if you can manage to make the minimum repayments on your […]
What do you need to know about Debt Relief Orders?
Debt Relief Orders (DRO) are a relatively new form of insolvency, having been introduced in 2009 (as compared to Individual Voluntary Arrangements, which were introduced in 1986 and bankruptcy which has been around for centuries). They are essentially a very short and relatively painless form of bankruptcy. DROs are only used in England, Wales and […]
What you need to know about debt-management plans
Interest definitely isn’t boring, in fact paying as little of it as possible should be of a great deal of interest to anyone in debt. The bad news is that if your lenders have good reason to believe that you can afford to pay back your debts in full (i.e. with the interest charged at […]
Your options for dealing with debt
Dealing with debt itself is not optional and, in all honesty, your basic approach to dealing with it will largely be dictated to you by your circumstances. Having said that, you most certainly do have some level of control over the proceedings and exercising this control effectively can make a great difference to the long-term […]
Making settlement offers
In an ideal world, as soon as a borrower realises that they are in financial difficulty, they should reach out to their lender to work something out with them. In the real world, however, it is more than possible that it will be the lender who realises that something is amiss and reaches out to […]
Repairing your credit rating after bankruptcy
The day you are discharged from bankruptcy can be a very happy moment and it’s certainly reasonable to enjoy it and maybe even have a little celebration. You do, however, have to accept that it is only the first step in the “journey of a thousand miles” back from bankruptcy. Here is a brief guide […]