Can a debt management plan stop bailiffs? This is one of the most common questions people ask when looking for debt advice online. Each debt is different and the measures and protections a debt management plan can give a debtor ranges depending on the types of debts, amount of debts and any actions already taken…
Tips for paying your priority bills in 2024 With rising living costs, it’s becoming harder to keep up with household bills. As costs put a squeeze on household finances, paying your priority bills has become the main financial goal of 2024. What are priority bills? Priority bills are those that carry the most serious consequences…
Credit Scores: What They Mean & How to Improve Yours In its essence, a credit score is a number that lenders (banks, car finance dealers etc.) use to determine the risk associated with loaning money to someone. These lenders decide how much they’re willing to loan you (and at what interest rate) based on your credit score…
The rules around eligibility for a Debt Relief Order (DRO) changed in June 2021 and again in April 2024, which means that you may now be eligible when you might not have been before. What is a DRO? A DRO is a type of insolvency that allows you to write off your debt after 12…
What ‘Setting off’ means for your finances Sometimes our finances can get the better of us. Whether we’ve taken on more than we can reasonably afford, or have been faced with a change in personal circumstances, such as a loss of income, it’s easy to see how debts can accrue in a short amount of…