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.
There are several legal mechanisms that creditors or legal bodies can take against you in order to recover payments through your wage. In the UK, these include Attachment of Earnings Orders, Deductions of Earnings Orders and Direct Earnings Attachments. As each is unique and can affect your earnings in different ways, it’s important to understand…
When dealing with debts, it’s important to know the different types of credit and their implications. Especially in an ever-changing financial landscape like we’re seeing here in the UK. To help you better understand the different types of credit and debt in the UK in 2024, we’ve put together this comprehensive guide that covers the…
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.
Looking to understand and improve your credit score can be important step in a successful financial future. Equifax are one of the three main options for credit score in the UK alongside Experian and Clearscore. As one of the most popular credit reporting services, Equifax is one option for people looking to get a better…
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.…
Energy Saving Tips Energy, alongside inflation, cost-of-living, and crisis, is a word you’re probably sick of hearing at this point. With the current energy crisis and rising inflation costs, it feels like you can’t turn anywhere without another headline about the rising costs. Well, this is another one of those articles… However, rather than blast…
Is it possible to get a new mortgage whilst on a DMP? Those who are currently using a debt management plan – or looking to start one – will be wondering whether or not they will be able to get a new mortgage. A debt management plan, which is an agreement with your creditors to…
Dealing with debt: 5 things you should know 1) There are sources like Money helper for free debt advice and services. You can find out more by contacting Money Helper on www.moneyhelper.org.uk or 0300 500 5000 (8-8 Monday to Friday, 9-1 on Saturday). 2) You should have been advised on all the options for dealing with…
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…
Money Saving Guide to Owning a Pet A pet is for life not just for Christmas… and so are the costs. Having a furry friend in your life can be a joy but it isn’t unfortunately one that comes with a price tag. MoneyPlus have created a complete guide to the costs and considerations pet…
Five tips for saving on your weekly shop Doing the weekly food shop rarely comes with many surprises, but over the last few months, many got an unwelcome shock when their usual weekly shop came with an unusual price tag. Food bills are predicted to rise by £454 this year, higher than previous predictions. Back…