Coming into an inheritance can be a significant financial event in your life. Often unexpected and sometimes more substantial than you may have thought, these windfalls can have the ability to alter your financial outlook and even change your life. However, if you’re in debt and are using a debt management solution, such as an…
When a parent passes away, it can be a really difficult time, both emotionally and financially. Alongside the natural feelings of grief and sadness that comes with a death in the family, there is also usually a good deal of administration you need to take care of, including getting the financial affairs of the deceased…
It’s never easy when a relationship comes to an end. Alongside the emotional distress and sense of loss, there’s also often a need to sort out a range of practical matters such as dividing assets, reorganising living arrangements, and adjusting to changes in daily routines. All of this breakup admin requires patience, clear communication, and…
Dealing with significant debt is not only overwhelming, it can also have a negative impact on your life and health. If this is the case, a professional debt management solution is often your best course of action. While Debt Management Plans (DMPs) and Debt Relief Orders (DROs) may be the best option if you find…
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…
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…
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…
A payday loan is a form of short-term credit designed to offer quick financial relief. It’s intended to be repaid by the following payday. Payday loans can be a good option for people looking for quick financial relief, however, they can come with some considerations for people who may be in a difficult financial situation.
Sometimes trying to manage your debts can feel like a vicious cycle of borrowing to pay. When you’re struggling to repay debts it may seem like taking out further credit is the only option, but we’re here to tell you there are options out there to get ahead of your debts without taking on any more.
Choosing to set up a debt management plan can be an important step toward a debt free future, though they do come with some important considerations. Starting a debt management plan can help consolidate your debts into one payment and make repayments more manageable
When dealing with your debts, it can be difficult to know where to start or how to begin moving towards getting debt free. We hope this article gives you all the information that you need and offers ways of seeking help to get in control of your debts in 2023.