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,…
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…
Teaching children about money from a young age is extremely important, setting them up for financial success in the future. Children are like sponges and absorb information and habits quickly, so if we can help them learn and develop healthy money habits as early as possible, this will hopefully stay with them throughout the rest…
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…
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.
Understanding and improving your credit score is a crucial step towards a successful financial future. In the UK, there are three primary options for reviewing your credit score; Experian, Equifax and TransUnion.
Energy Saving Tips Energy, alongside inflation, cost-of-living, and crisis, is a word you’re probably sick of hearing at this point. With the current energy crisis and rising inflation costs, it feels like you can’t turn anywhere without another headline about the rising costs. Well, this is another one of those articles… However, rather than blast…
Is it possible to get a new mortgage whilst on a DMP? Those who are currently using a debt management plan – or looking to start one – will be wondering whether or not they will be able to get a new mortgage. A debt management plan, which is an agreement with your creditors to…
Dealing with debt: 5 things you should know 1) There are sources like Money helper for free debt advice and services. You can find out more by contacting Money Helper on www.moneyhelper.org.uk or 0300 500 5000 (8-8 Monday to Friday, 9-1 on Saturday). 2) You should have been advised on all the options for dealing with…