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…
Stress affects millions of people, and when it’s tied to financial issues like debt, it can feel even more overwhelming. That’s why initiatives like Stress Awareness Day, held on Wednesday 6th November this year, are essential for highlighting the impact of stress on our lives and encouraging steps to manage and reduce it. At MoneyPlus,…
The Autumn Budget is one of the most significant events in the financial calendar, where the Government outlines its economic priorities, sets tax rates and reveals how it plans to allocate public spending. This year’s Autumn Budget is highly anticipated, as it’s the first one from the new Labour Government with Rachel Reeves as Chancellor.…
Money can be a difficult topic to discuss, especially when it comes to debt. Many people feel a deep sense of shame, guilt, or embarrassment about their financial struggles, and as a result, they often avoid talking about them altogether. However, avoiding conversations about money, especially debt, can lead to bigger problems down the line.…
Debt can be overwhelming. For many, the burden of financial stress leads to a decline in mental health, with debt-related depression being a serious concern. The stigma surrounding debt can make it hard for individuals to seek help, which can result in feelings of isolation. This guide will explore how debt impacts mental health, offer…
It’s no secret that managing your finances can be difficult, especially if you don’t have all the support you need. As a single parent, all financial responsibilities can fall to you, which can take a toll not only on your finances but also on your mental health. Both debt and mental health are topics that…
Over the course of a career, many of us change jobs multiple times, moving between employers and pension schemes. It’s easy to lose track of workplace pensions, and with an estimated £19.4 billion sitting in unclaimed UK pension pots, you’re not alone if you’ve forgotten about a pension from years ago. Finding lost pensions is…
As temperatures drop, households across the UK are facing the challenge of rising energy costs. Adding to the pressure, recent changes to the Government’s Winter Fuel Payments have limited eligibility, leaving fewer people receiving support. This year, roughly 1.5 million pensioners will qualify for the Winter Fuel Payment, almost 10 million less than previous years.…
Debt can drain the fun out of life and can even make everyday expenses feel overwhelming. Whether it’s credit cards, student loans, car payments, or other financial commitments, seeing your hard-earned money disappear quickly can be frustrating. But the good news is, by taking control and making debt repayment a priority, you can break free…
In recent years Buy Now, Pay Later (BNPL) services have grown in popularity, allowing consumers to make purchases without paying the full cost straight away. While splitting the payment over a period may seem like a good way to make larger purchases more manageable or unexpected expenses easier to afford, there are potential drawbacks to…