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How To Pay Off Credit Card Debt
Credit cards are a quick and convenient way to build your credit history. However, if used irresponsibly, the debt generated can quickly become a significant burden. Indeed, for those living with a large amount of credit card debt, knowing the most effective way to pay it off is not always clear. Fortunately, with the right…
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How To Help a Friend in Debt
Watching a family member of friend struggling with debt can be tough. The human inclination is to, of course, help out where possible. However, when money is involved, this can be an uncomfortable topic to broach. What’s key to remember is that there are many sensible ways to support a loved one living with debt without…
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Do You Know Your IVA From Your APR? Debunking Debt Myths so You Don’t Have To
Some people avoid talking about their debts and miss out on the necessary help because they’ve heard something that has put them off or they’ve looked it up online and found incorrect information. But the truth is dealing with your debt doesn’t have to be daunting. Seeking the right support can address your money worries…
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The Snowball or Avalanche Method: Which is Better To Get Out of Debt?
Dealing with debt can be a heavy burden. Whether you’re struggling with a large amount of debt that is becoming impossible to manage or a relatively small amount that’s increasingly difficult to deal with due to a change in personal circumstances, it can be hard to see light at the end of the tunnel. Fortunately,…
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Will an IVA Affect My Partner?
Significant debt can be more than just a financial worry. It can impact your entire life, from your working life to the relationships you have with your nearest and dearest. Luckily, there are debt management solutions available that can help you regain control of your personal finances. One type of solution that can provide this…
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Can Debts Be Written Off Due to Mental Illness?
Juggling your financial responsibilities can often be an overwhelming task. From credit card bills and mortgage payments to student loan repayments and utility bills, different types of debt can start to build all too easily. This can cause stress and anxiety for even the most mentally resolute among us, never mind those living with mental…
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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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