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…
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…
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…
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…
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,…
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…
Dealing with significant debt is not only overwhelming, it can also have a negative impact on your life and health. If this is the case, a professional debt management solution is often your best course of action. While Debt Management Plans (DMPs) and Debt Relief Orders (DROs) may be the best option if you find…
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…
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…