Your Credit Score Explained
Your Credit Score Explained: Enhancing Your Financial Footprint Understanding your credit score is key to financial empowerment. It\’s a snapshot of your borrowing history and repayment behaviour, meticulously compiled by the UK\’s leading credit reference agencies: TransUnion, Equifax, and Experian. This score is a dynamic figure, shaped by your credit dealings and financial habits. Credit […]
Citizens Advice Witnesses Rising Financial Strain Among Working Individuals
Citizens Advice has reported an alarming uptick in the number of working individuals, who once managed to make ends meet, now facing financial shortfalls. While many have witnessed a surge in their earnings, the cost of basic necessities has escalated even faster, according to the charity. The situation seems particularly grim for the self-employed community, […]
Are SME’s Being Let Down?
At Adcroft Hilton, we\’ve been closely monitoring the financial landscape for SMEs. Recent findings reveal some concerning patterns, but also highlight areas of opportunity and hope. Let’s dive in. A significant 67% of UK SMEs feel that banks today are less eager to lend to them. This sentiment rises to 71% among SMEs boasting a […]
How To Survive Summer (Financially) As A Parent
The summer holidays and Christmas may be at opposite ends of the year. Despite this, however, they have a lot in common. In particular, they can both be very expensive. In principle, the expense can be mitigated (at least partly) by advance planning. In practice, both summer and Christmas tend to creep up on people […]
Should you be worried about negative equity
Negative equity is when the amount owed on a secured debt is more than the value of the asset on which it is secured. The term is generally associated with the property market although it can be used in other contexts. For homeowners, being in negative equity is generally an undesirable situation. It is, however, […]
Mortgages could cause household woes
As homeowners, it\’s crucial to be prepared for the possibility of an increase in mortgage interest rates. Such increases can impact monthly repayments and overall financial stability. This article will explore five effective strategies to help homeowners navigate potential rate hikes and hence ensure they are equipped to handle higher mortgage costs. Reviewing current mortgage […]
Debt Management For Small Businesses
Around the world, many small businesses are still struggling to get back on their feet after COVID19. In the UK, there has been the added disruption of Brexit. Unsurprisingly, this has led to many small businesses being forced to take on debt. With that in mind, here is some advice on debt management for small […]
How To Manage Post-Christmas Debt Issues
Every year, financial writers caution people against overspending at Christmas. Also every year, people end up overspending at Christmas. They then have to deal with the outcome of this in the new year. If this sounds like you (or someone you know), here are some tips to help. Assess your financial situation Realistically, how serious […]
What Divorce Means For Your Money
For many, if not most, people, divorce is going to have a significant financial impact. As is generally the case, however, its impact can be minimised by mindfulness and planning. With that in mind, here is a quick guide to the financial points you should consider when getting divorced. Separate your everyday finances as quickly […]
How Employees Can Prepare For Business Bankruptcy
One of the cold, hard truths of the current economy is that nobody’s job is safe. What’s more, nobody should count on being given plenty of notice before they are made redundant. If an employer goes bankrupt, employees may only find out when the general public does. Likewise, you should not count on being given […]