How To Deal With Debt Collectors
The debt-collection sector is an area that definitely hasn’t been hurt by economic circumstances. In fact, it seems to be busier than ever. What’s more, its activities can cause even more problems for people who are already vulnerable. There are, however, ways to deal with overzealous debt collectors. Understanding the debt-collection process In simple terms, […]
The Truth About Life After Bankruptcy
Up until 1869, being in debt could land you a lengthy spell in prison and for long afterwards bankruptcy was to be feared for many reasons. Over a century and a half later, the word “bankruptcy” still has negative associations for many people and perhaps it always will. It’s unlikely to be a pleasant experience […]
Are you taking care of your mental health as well as your money?
This week we have had #WorldMentalHealthDay. You will have seen lots of posts and articles on social media asking you to take care of yourself and those around you. Last December there was a study issued that said over 420,000 people think about committing suicide because of debt problems and over 100,000 actual attempt suicide […]
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 […]
New crackdown on loan sharks
Debt is a big word. It covers everything from mortgages to payday loans and their illegal counterparts. Sometimes it can be cheap, such as when you pay for a group meal and your companions pay you their share the next day – no interest applied. Sometimes, however, it can be expensive, in the case of […]
What exactly is a debt problem and how do you manage it?
Debt, like death and taxes, it’s a fact of life for many people. Relatively few people could buy houses without it, increasingly young people rely on it to fund their education and many businesses use it to speed up their growth. At the same time however, debt can be a real problem both for borrowers […]