Avalanching Vs Snowballing, Which Is Right For You?
Dealing with debt can be a major challenge. Adopting the right strategy can make it a lot easier. The two main strategies for dealing with debt are usually called avalanching and snowballing. Here is a quick guide to them and how they compare so you can choose which is right for you. Avalanching With the […]
Spring statement – Debt and low income
This year’s spring statement was arguably the first of the UK’s “new normal”. Although neither Brexit nor COVID19 is done and dusted, they are both largely under control. That means the chancellor’s priority was and is to get the UK back on its feet. Here’s what Mr Hunt produced for people with debts and/or a […]
Flybe – What Happened?
Flybe recently collapsed for the second time in (just) under three years. As with its first collapse, the pandemic will be publicly blamed. Also as with its first collapse, this is very far from being the whole truth. Flybe’s second collapse happened for much the same reasons as its first collapse. Those reasons go way […]
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, […]
What To Do When Someone Owes You Money
Way back in the late 16th century, Shakespeare warned his audience against borrowing from or lending to their friends. “Neither a borrower nor a lender be; / For loan oft loses both itself and friend.” In other words, money can break up relationships. This very definitely holds true in 2022 but sometimes you just have […]
Unpacking The Emotional Impact Of Bankruptcy
The 20th century may go down as the century when many age-old stigmas were largely ground down. They may not have been completely eradicated but they are less of an issue. This is arguably true of the stigma that formerly surrounded bankruptcy. Its emotional impact, however, can still be significant. Here are some key points […]
The Budget – Debt
The government’s unscheduled change of leadership has brought a new PM and a new cabinet. This includes a new Chancellor of the Exchequer, Kwasi Kwarteng. He has kickstarted his tenure with a new budget. It’s described as a mini-budget but has some significant content. Here are the key points you need to know. The National […]
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 […]
Protecting Yourself Against The Cost Of Living Crisis
Understandably, the majority of adults in the UK are concerned about the cost of living. Increases in the price of food, energy and fuel have placed the nation’s finances under growing pressure. As a result, the government has come under growing pressure to tackle it. Here’s a look at what could happen and what steps […]
Keep Calm And Control Your Credit Card(s)
The lockdowns themselves may seem like a lifetime ago. Their effects, however, are not. While lockdown benefited some people financially, it did a lot of damage to others. It led to people running down any savings they had and then building up credit card and other debt. If this sounds familiar, there are steps you […]