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Autumn Statement 2023 Round-Up
On Wednesday 22nd November 2023, the Chancellor of the Exchequer, Jeremy Hunt delivered the Autumn statement to Parliament. In his opening statement, the Chancellor highlighted the decisions made by the government to curb inflation and get the economy back on track. He announced the government’s main five priorities: reducing debt, cutting tax and rewarding hard…
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5 Tips for an Affordable Christmas
You know what they say, Christmas is the most wonderful time of the year. Unfortunately, it also tends to be the most expensive too! The pressure to buy the perfect gifts, go out with friends, and decorate your home can quickly lead to overspending and serious debt. However, with a bit of forethought and planning,…
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How Long Can a Debt be Chased in the UK?
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…
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How Does Your Credit Score Work?
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…
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What is Debt Relief?
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. …
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What are the pros and cons of an IVA?
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…
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Can You Be Responsible for Someone Else’s Debt?
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.…
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Talk Money Week 2023 – Open About Finances
This year, 6th-10th November is Talk Money Week 2023, a week that encourages us all to talk openly about money!
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Changing from IVA to Debt Management Plan
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.
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Purple Tuesday: Care Team – MoneyPlus Advice
Purple Tuesday is being held on Tuesday 7th November this year. The day is a celebration to promote accessibility and inclusivity across all businesses in all sectors.
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IVA Living Costs: What’s Left?
How much does an IVA leave you to live on? If you’re struggling to manage your debts, you might be thinking about applying for an Individual Voluntary Arrangement (IVA). This is an agreement you come to with your creditors to repay part or all of the money you owe over a certain period of time…
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How to Save Money: 5 Cash Saving Tips
If you’re feeling the financial pinch, rest assured you’re not alone. Thanks to recent energy price hikes, increasing interest rates, rising food prices and more, many consumers are under strain. However, with a little know-how, there are steps you can take to help you put money aside on a regular basis.
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