Dealing with long-term debt can be stressful; the thought of constant chasing from creditors can lead to feelings of anxiety, worry and even depression. However, the good news is, in the UK there’s typically a limitation period on many types of debt, including card debt and personal loan repayments. Of course, this does not mean…
Credit scores are a key part of financial systems in the UK. MoneyPlus explains how they work and what types of actions can impact your score. Credit reports play a vital role in private financial agreements in the UK. Without a credit score, the average person in the UK wouldn’t be able to apply for…
Debt relief solutions can give hope to those struggling with crippling debt. Here, we explore what these solutions look like in practice. If you find yourself struggling with debt, it can be hard to see light at the end of the tunnel. That’s why it’s important to understand that no matter the type of debt. …
If you find yourself struggling with debt, the prospect of a financial lifeline in the form of an Individual Voluntary Arrangement (IVA) may feel like light at the end of a very dark tunnel. However, an IVA is not a magic bullet. While they are designed to help those in crippling debt tackle their repayments…
It can be difficult when someone close to you is struggling with debt, whether this is a result of losing a job, overusing credit cards, gambling, or something else. But can you ever become responsible for someone else’s debt? In this article, we break down when you might be accountable for another person’s outstanding payments.…
This year, 6th-10th November is Talk Money Week 2023, a week that encourages us all to talk openly about money!
IVAs and Debt Management Plans are common debt solutions. Here, we explain how they differ and whether you can switch from an IVA to a DMP.