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Behind the MoneyPlus People: A thank you card for Paula
Behind the MoneyPlus People: A thank you card for Paula Welcome to our new blog series – Behind the MoneyPlus People. This series will be a place for us to share the incredible work our MoneyPlus people do every day, and to celebrate how these wins are positively impacting our customers. Last week, one of
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Debt consolidation vs Debt Management Plan (DMP) | key differences explained
Debt consolidation vs debt management plan: what’s the difference? Debt consolidation and Debt Management Plans (DMPs) are two ways to manage multiple debts. With debt consolidation, you take out new credit, such as a loan or credit card, to pay off existing debts. Debt consolidation is more commonly used by people who can still access
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Student loans are changing: what this means for you
The UK government has announced that some student loans in England and Wales will have their interest rates capped at 6% beginning from September 2026. At first glance, this may sound like positive news. But what does it actually mean for you and your money? Let’s break it down in a simple, clear way. Interest on your Plan 2 student loans and postgraduate loans will be capped From September 2026, interest on Plan 2 student loans and postgraduate
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UK household debt levels hit £67,350 in 2026
Recent data from The Money Charity shows that the average total household debt levels in the UK reached £67,350 in January 2026 and the average debt level per individual is £34,774. These figures reflect a very real trend: debt levels are continuing to rise across the UK, and more people are feeling the pressure in
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What happens when debt isn’t paid off?
What happens when debt isn’t paid off? Debt doesn’t usually spiral overnight. It often starts with a missed payment, a letter left unopened, or a period where money is simply stretched too thin. Many people who fall behind on payments didn’t expect to be in debt in the first place. If you’re unsure how your situation started, our guide on the common
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10 common reasons people get into debt in the UK
10 common reasons why people get into debt in the UK People get into debt in the UK for many reasons – often due to changes in income, rising living costs, health issues, or unexpected life events. Understanding the most common reasons people get into debt can help you recognise your own situation and take
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What’s the difference between gross and disposable income?
What’s the difference between gross and disposable income? When you’re trying to get a handle on your finances, it’s easy to get confused by the terms flying around, especially when it comes to your income. But what do the terms ‘gross income’, ‘net income’ and ‘disposable income’ actually mean, and more importantly, which one tells
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What to do if you can’t afford basics anymore
When the cost of everyday essentials keeps rising, it’s easy to feel like your money simply doesn’t stretch far enough anymore. If you’re struggling to cover food, bills or rent, you’re not alone. Many households across the UK are facing exactly the same challenge. This guide will explain why the cost of living has become
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What is disposable income?
What is disposable income? Wondering what the meaning of disposable income is? You might have heard this term but not been completely sure what it actually refers to or why it matters. Put simply, disposable income is the money left over once you’ve paid your taxes, priority debts, and essential expenses like rent, mortgage, bills,
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What should I do if I get a vet bill I can’t afford
What should I do if I get a vet bill I can’t afford Few things are more worrying than facing an emergency vet bill in the UK when your pet suddenly becomes unwell or injured. Pets are part of the family, and naturally, you want to do everything possible to keep them healthy. But veterinary
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What should I do if I can’t afford to fix my boiler?
What should I do if I can’t afford to fix my boiler? A broken boiler can quickly become more than just an inconvenience. For many households, if your boiler is broken, it’s an emergency. Without heating or hot water, daily life feels harder, especially in colder months. When it happens unexpectedly, the cost of repair
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Why am I ashamed I had to ask my parents for money?
Why am I ashamed I had to ask my parents for money? It’s not easy to say the words out loud: ‘I had to ask my parents for money’. Even thinking about it can bring up a wave of shame, guilt or embarrassment, especially if you’ve always tried to be independent or are used to
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