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…
Saving for retirement can often seem complicated. With so many factors to consider including your age, income, lifestyle and even your debts, it’s easy to feel overwhelmed. However, planning for your future is critical and knowing how much to pay into your pension is a crucial part of that planning. This guide will break down…
Debt can be a challenging topic to bring up with your partner, especially if it has been hidden or left undiscussed for some time. However, financial transparency is essential for building trust and fostering a healthy relationship. Talking about debt openly allows couples to work together towards solutions and prevent financial issues from becoming larger…
Used by lenders to assess your financial situation, a debt to income (DTI) ratio is used to work out the balance between your income and debt payments. If you have debt and you’re applying for a mortgage or loan, working out your DTI ratio will give you an indication of how much of a risk…
When a loved one passes away, it can be a stressful time. The emotion that comes with death, combined with the essential administration that needs to be completed can make a really difficult time of your life even more challenging. However, at least part of this load can be alleviated if the individual who has…
When you’re applying for credit – whether that’s a loan, mortgage or something else – the lender will typically look at your credit score before deciding whether to accept your application. Essentially, a credit score is a three digit number that indicates your trustworthiness as a borrower. The higher this number is, the lower the…
Before loaning you money or offering credit, lenders should complete checks to ensure you’re able to afford repayments. If they don’t, this is known as irresponsible lending and can lead to significant loan and credit card debt for the customer. Read on for more information about the signs of irresponsible lending and what to do…
Impulse buying can be a costly habit. Whether it’s a last-minute online shopping spree or grabbing extra items while grocery shopping, these unplanned purchases can wreak havoc on your budget. With all the online shopping and targeted ads nowadays, it’s easier than ever to get drawn into buying things we don’t need. But there are…