Do You Need A Debt-Management Plan?
If you have debt, then you need a plan to manage it. You may benefit from having this formalised into an official debt-management plan. There are, however, advantages and disadvantages to this approach. Here is some guidance to help you decide if it’s right for you. The basics of debt-management plans A DMP plan is […]
Your 2021 Debt-Reduction Plan
Goodbye 2020, you will not be missed. Hello 2021, the year to tackle the financial damage of 2020. If you’re carrying a debt hangover from that disastrous year, here are the basic steps to tackling debt reduction. List out all your debts You need to know the lender, the balance and the interest rate. Put […]
Tackling Post-Pandemic Debts
Hopefully, 2021 will be the year COVID19 is finally sent into oblivion. Once it is gone, everyone can start assessing the financial damage and figuring out how to deal with it. Ideally, people struggling financially due to pandemic debts (and Brexit) will be able to get some help from the government. Here are some measures […]
Could a Criminal\’s Loan \”Bounce Back\” on You?
It’s probably fair to say that most people are expecting to receive a hefty bill for COVID19. The government is going to have to balance its books sooner or later and for practical purposes, that means reducing services and/or raising taxes. What people may not be expecting, however, is to discover that they are on […]
Could a Criminal\’s Loan \”Bounce Back\” on You?
It’s probably fair to say that most people are expecting to receive a hefty bill for COVID19. The government is going to have to balance its books sooner or later and for practical purposes, that means reducing services and/or raising taxes. What people may not be expecting, however, is to discover that they are on […]
HMRC Goes to the Head of the Insolvency Line
From 1st December 2020, HMRC will move three places up the hierarchy of creditors when companies and individuals go insolvent. This puts it ahead of prescribed-part carve out creditors and floating charge creditors. Here is what you need to know about the change. HMRC now lines up with the FSCS In the new “pecking order”, […]
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 […]