Who Is Responsible for Debt After a Separation In this guide we look to explain the legal implications of debt division after a breakup and outline how financial unions can be dissolved in a fair and civil manner. It’s never easy when a relationship comes to an end. Alongside the emotional distress and sense of…
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…
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.
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.
An Attachment of Earning Order (AEO) is a legal process that allows creditors to recover unpaid debts from your earnings. Unlike Direct Earnings Attachments (DEAs), which are used to recover benefit overpayments, AEOs can be applied debts such as court fines, council tax, and child maintenance payments.
Clearscore was founded in July 2015, and was the UK’s first provider of free credit scores allowing users to view a snapshot of their finances and reports, they also offer consumer advice and protection services.
A credit score is a simplified overview of your credit history, giving lenders and prospective loan providers a general idea of your previous credit commitments, repayments and reliability. Currently in the UK, credit scores are measured by three credit reference agencies (Experian, Equifax and TransUnion), who monitor and allow you to check your credit score.…
A debt management plan is what’s known as an informal debt solution, this means that there are no legal processes involved. Basically, you contact your creditors and agree to repay at a rate you can afford. Whilst we obviously recommend having a professional do this for you, it is certainly something that you can, if…