When debt reaches an unmanageable level, the first option many people consider is bankruptcy. However, while this legal process can be used to help individuals regain control over their finances in the long run, there are a number of strings attached that must be seriously considered. In this guide, we explore the legal meaning of…
If one of your new years resolutions is to pay off your debts, or make noticeable progress towards paying them off, then here are some top tips to help you work towards your goal… Build out your budget First and foremost, it’s helpful to know how much money you’ll have to put towards your debts…
22nd – 28th January is Financial Planning Week – so in combination with the new year, there’s truly no better time to sit down and set out your financial goals for the year ahead! To give you some ideas and inspiration, our expert team of advisors have put together a list of seven realistic financial…
Need to file a tax return, wondering when your bills are likely to rise (or shrink! 🤞), or want to know when you can expect important updates from the government? We’ve got you covered. January 6th January – National Insurance cut As of 6th January 2024, the reduction of employee National Insurance contributions (Class 1 NICs)…
If you’ve experienced a change in circumstances and found yourself in debt, it can be hard to find ways to budget and save money each month. Not only do you have to factor in paying towards monthly essentials such as mortgage or rent, utility bills, and groceries, but you may be paying off existing debts…
Here in the UK, the cost of living crisis has been an ever-salient news item for well over two years now, and for good reason. According to the Office for National Statistics, at its peak in 2022, prices of basic consumer goods and services rose at a faster rate than any other time since the…
Feeling stressed or anxious is a totally normal response when you’re facing financial difficulties. Whether you’re dealing with a spiralling cycle of high interest credit card debt you just can’t seem to escape from, or are struggling to make repayments on a mortgage or loan due to an unexpected change in personal circumstances, debt anxiety…
Credit cards are a quick and convenient way to build your credit history. However, if used irresponsibly, the debt generated can quickly become a significant burden. Indeed, for those living with a large amount of credit card debt, knowing the most effective way to pay it off is not always clear. Fortunately, with the right…
Watching a family member of friend struggling with debt can be tough. The human inclination is to, of course, help out where possible. However, when money is involved, this can be an uncomfortable topic to broach. What’s key to remember is that there are many sensible ways to support a loved one living with debt without…
Some people avoid talking about their debts and miss out on the necessary help because they’ve heard something that has put them off or they’ve looked it up online and found incorrect information. But the truth is dealing with your debt doesn’t have to be daunting. Seeking the right support can address your money worries…
Dealing with debt can be a heavy burden. Whether you’re struggling with a large amount of debt that is becoming impossible to manage or a relatively small amount that’s increasingly difficult to deal with due to a change in personal circumstances, it can be hard to see light at the end of the tunnel. Fortunately,…
Significant debt can be more than just a financial worry. It can impact your entire life, from your working life to the relationships you have with your nearest and dearest. Luckily, there are debt management solutions available that can help you regain control of your personal finances. One type of solution that can provide this…