Buy Now, Pay Later Rules Are Changing
Buy Now, Pay Later (BNPL) has become a common way to manage purchases, especially online. With a few clicks, shoppers can split the cost of clothes, tech or everyday items into smaller payments. For many people, it offers flexibility and helps spread out spending. But concerns have been growing for some time. The government has […]
Understanding Personal Guarantees: What Business Owners Need to Know
A personal guarantee is a legal commitment where a company director agrees to repay a business loan or debt if the company itself cannot. This arrangement helps businesses access credit or financing by providing added security to lenders. However, personal guarantees can put personal assets at risk if a company struggles financially, making it essential […]
How Can The UK Get Back In The Savings Habit?
Saving in a cost of living crisis may seem like a contradiction in terms. Arguably, however, now is exactly the time most people should be prioritising saving more than ever. Realistically, credit may not be available when you need it. Even if it is, it can be expensive. Saving may be hard, especially in winter. […]
Are You Ready For The Cost Of Living Changes?
Currently, interest rates are low but inflation is high. As of next year, a lot of people are going to find themselves paying more money to the government if only in additional National Insurance contributions. This means that everybody should be thinking seriously about increases to the cost of living and preparing accordingly. Can you […]
Are Consumers Getting A Better Deal From Buy Now Pay Later Services?
PayPal recently announced that it is scrapping late fees on its Pay In 3 service. The change will take effect from 1st October. By contrast, PayPal is raising the fees it charges to UK merchants taking payments from EU customers. These two actions may be connected and could be a sign of what’s to come […]
Will The Rise of Fintechs Spark A Debt Crisis?
Any salesperson knows that the easier you make it to buy, the more likely it is that someone will do so. In particular, the easier you can make it for someone to pay, the more likely it is that they will do so. Any debt counsellor knows that you can definitely have too much of […]
Are we now storing up trouble with credit?
Never borrowing (or lending) money might sound good in theory, but in the real world borrowing and lending is a part of life, whether that’s paying your friend back for the taxi you shared but they paid or taking out a mortgage to buy a home. What’s more, borrowers can now access credit from a […]