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Priority and Non-Priority Debts: A Complete Guide
Falling into debt can be very overwhelming, especially if you’re faced with a few different types of debt. For this reason, when it comes to getting yourself out of the financial predicament you find yourself in, understanding the distinction between priority and non-priority debts is crucial. In this guide, we explain what priority and non-priority…
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What Happens to Debt When You Die
It’s common knowledge that debt can act as a huge weight on an individual’s shoulders during their lifetime. However, have you ever stopped to think about the stress attached to understanding what happens to your debt once you’ve passed away. Thinking about your loved ones dealing with your debts after you’ve died is never a…
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How To Cut Down On Subscription Costs
Subscription services can often be a good way to streamline costs and get some monthly comforts to make the start of every month a little more exciting. Still, subscription services can sometimes get out of hand and before you know it, a huge chunk of your pay check can disappear in the blink of an…
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The Great Easter Egg Taste-Off: Best Value Unwrapp
Does a heftier price tag guarantee a better-tasting Easter egg? In a world where the shelves are brimming with options ranging from budget-friendly supermarket brands to premium chocolatiers, making the right choice can be overwhelming. We bought three supermarket-own eggs from Lidl, Aldi and Morrisons and four branded eggs including Cadbury, Lindt, Thorntons and Maltesers.…
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Debt Awareness Week 18-24 March
What is Debt Awareness Week and why is it important? Debt Awareness Week is a yearly event put together by StepChange Debt Charity which aims to raise awareness on issues related to debt. Its main purpose is to motivate those struggling with debt to get help as soon as possible. By doing so, it could…
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Spring Budget 2024: What it Means for Your Finances
Chancellor Jeremy Hunt has confirmed a 2p reduction in National Insurance during his Budget speech to members of Parliament. This announcement comes as part of the final budget before the anticipated general election later this year. The budget introduces a series of steps designed to assist families facing financial challenges, such as freezing fuel duty…
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What Happens at the End of an IVA?
Individual Voluntary Arrangements (IVAs) typically take between five and six years to complete. When you first enter into your IVA, the end of the tunnel can feel a lifetime away. However, the truth is, if you stick to your IVA terms and conditions, time can fly by. That’s why it can be helpful to know…
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Are Gambling Debts Enforceable?
For many, gambling is a harmless hobby, but for others, the allure of this pastime can lead individuals down a path of financial hardship, resulting in accumulated debts. According to a 2022 study by Citizens Advice, 18% of people who regularly gambled online were in significant gambling debt. That equated to 3.3 million people. This…
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What is the Difference Between an IVA and Bankruptcy?
If you find yourself seriously struggling with debt, it could be time to act. Although insolvency is not something that should be considered lightly, in certain circumstances a statutory debt solution can be your best option. Indeed, solutions such as an Individual Voluntary Arrangement (IVA) or bankruptcy can enable you to clear your debts and…
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How to Improve Your Credit Score After an IVA
If you’re struggling with significant levels of debt, an Individual Voluntary Arrangement (IVA) is one option to regain control of your finances. However, the lasting impact of an IVA on your future financial health, and in particular your credit score, do need to be seriously considered before entering into the IVA process. In this guide,…
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How to Deal with Gambling Debt
Gambling is a popular pastime in the UK. According to statistics from the Gambling Commission, nearly half (43%) of the UK population gambles at least once a month. And while the majority of people do enjoy gambling responsibly, for others, this seemingly harmless hobby can easily become a financial strain that leads to significant amounts…
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Are Payday Loans Bad?
You never know what might be just around the corner. However, whether your car breaks down or you need to pay a visit to the emergency dentist, one thing is almost always guaranteed – life’s little curveballs are rarely cheap. This is where payday loans come in. These easy-to-access loans are, on paper at least,…