Getting your head around child maintenance can feel overwhelming, especially when you’re dealing with a changing family situation. However, whether you’re a single parent paying support or receiving it from a former partner, understanding how it works – and what knock-on effects it can have on your wider financial situation – can help reduce stress…
Facing tax credit overpayment debt can be overwhelming and stressful. One unexpected notification from HMRC can quickly derail your financial stability, leaving you anxious about potential consequences. At MoneyPlus, we understand that these situations are rarely straightforward and can happen to anyone due to life changes, administrative errors, or misunderstandings. In this guide, we walk…
As we step into 2025 – the cost of living crisis still ongoing – many people are carrying financial burdens that feel increasingly heavy. Rising living costs, unexpected expenses, and ongoing economic uncertainty have pushed many households to rely more heavily on credit, creating a debt situation that can seem difficult, if not impossible, to…
If you’re struggling with debt, it can be very overwhelming, especially if you’re expecting a visit from a bailiff. Also known as enforcement agents, bailiffs are people who collect debts on behalf of a creditor and can cause fear or uncertainty for many people. Knowing your rights and what powers bailiffs have can help the…
If you’re struggling with debt, Universal Credit (UC) can be a vital lifeline. Offering financial support and a pathway to regain control of your finances, UC was introduced as a way to simplify the UK’s state welfare system. Since its introduction in 2013, UC replaced what used to be a series of individual benefits with…
With Halloween and Bonfire Night out of the way, it’s almost time to get the Christmas decorations out once again. For the majority of us, the festive period is a season of joy, love, and togetherness – but for many others, it also brings financial stress. And regardless of whether you’re financially comfortable or struggling…
The Chancellor Rachel Reeves delivered Labour’s first Budget in over 14 years on October 30th, 2024. Before the announcement, we had a look at what was predicted to be discussed. Were the predictions correct? In this article, we’ll summarise the key points the Chancellor delivered, comparing them against the predictions and discussing everything from the…
When you’re in a Debt Management Plan (DMP), the last thing you want is to be targeted by scam companies promising quick fixes. Unfortunately, scammers know that people in financial difficulty may be more vulnerable and some will try to exploit this by offering “hardship payments” or enticing loans to encourage you to switch debt…
Black Friday and Cyber Monday have become major events in the shopping calendar, tempting millions to splash out on everything from the latest tech gadgets to fashion items and homeware. However, while these days are marketed as the perfect opportunity to save big, they can easily lead to overspending, buyer’s remorse and unnecessary debt. With…
Debt is a reality for most people, whether it’s a mortgage, a student loan, or credit card balances. But not all debt is created equal. Some forms of debt can be considered “good” because they help improve your financial situation over time, while others are “bad” due to their high interest rates and lack of…
Struggling to keep up with multiple unsecured debts? If so, you’re not alone. In a recent ONS survey conducted in May 2024, 54% of respondents believed their living cost had increased compared to just one month ago. The same survey found that a third of individuals in the UK don’t think they’ll be able to…
Struggling with debt can feel very overwhelming, especially when it spirals into a full-blown debt crisis. For many living with debt, sleepless nights, a constant feeling of stress, and even an ongoing sense of helplessness and dread are common. However, it’s essential to remember that, no matter how bad your financial situation might seem, there…