Persistent debtors – the new rules
It was arguably a rather ironic coincidence that notorious payday lender Wonga entered into administration the day before new rules concerning persistent debt came into force (31st August 2018 and 1st September 2018 respectively). Admittedly, these new rules relate specifically to credit card debt rather than to debt in general, but they still highlight the […]
Understanding Credit Rating & Why It’s Important
Fundamentally, your credit rating is simply a reflection of how well you manage your money. While the term “credit score” does infer debt repayments, these days, your credit score can be a broader reflection of how you manage your money more generally. It’s pretty near impossible to opt out of having a credit score If […]