Dealing with Debt: 5 Things You Should Know

Struggling with debt can feel very overwhelming, especially when it spirals into a full-blown debt crisis. For many living with debt, sleepless nights, a constant feeling of stress, and even an ongoing sense of helplessness and dread are common.  However, it’s essential to remember that, no matter how bad your financial situation might seem, there…

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How To Talk To Your Partner About Debt

Debt can be a challenging topic to bring up with your partner, especially if it has been hidden or left undiscussed for some time. However, financial transparency is essential for building trust and fostering a healthy relationship. Talking about debt openly allows couples to work together towards solutions and prevent financial issues from becoming larger…

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How To Deal With Debt When Terminally Ill

Facing a terminal illness can be incredibly challenging, both emotionally and physically. And for many, the addition of financial stress, in particular debt, can feel overwhelming.  This article offers practical advice on managing debt during this difficult time, helping you to take control of your financial situation, and ensuring peace of mind for both yourself…

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Can Universal Credit Help With Debt?

For those on Universal Credit, managing debt can be tricky. In this guide, we explain how Universal Credit can assist with debt, detailing the process and implications, and discussing potential debt management solutions. How does Universal Credit work when you are in debt? Universal Credit is a Government benefit designed to support people with their…

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Does Debt Consolidation Affect Buying a Home?

Debt consolidation is a strategy used by many to manage their finances more effectively. It involves combining multiple debts into one single loan, often helping to reduce your monthly payments or interest rates.  However, for those considering buying a home, it’s important to understand how debt consolidation impacts the mortgage process. This guide will explore…

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How Social Media Is Affecting Our Spending Habits

Research shows that social media significantly influences consumer behaviour. Shaping the way we communicate, consume information, and spend our money. According to the 2023 Commence Report, which surveyed individuals aged 16-24, millennials and Gen Z (born between 1997 and 2012) are 51% more inclined to make impulse purchases online. With platforms like Instagram, Facebook, TikTok…

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Can You Get a Mortgage With Debt?

Securing a mortgage while managing debt can be complex, especially in the current economic environment. However, it’s not impossible. In this guide, we walk you through the essential considerations for obtaining a mortgage when you have existing debt, offering a comprehensive understanding of what lenders look for and how you can improve your chances. What…

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Can Side Hustles Help Pay off Debt?

Many people today find it challenging to manage their bills and pay off their debts. Starting a side hustle can be an effective way to alleviate debt anxiety, earn extra income, and tackle financial challenges. By generating additional earnings, a side hustle may help you pay off your debt more quickly. In this guide, we’ll…

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Breathing Space: What You Should Know

It was a while in the making, but since 2021, Breathing Space – also known as the Debt Respite Scheme – has been available in the UK. This Government-backed scheme is designed to help those struggling with debt by offering legal protection from creditor action, including enforcement action, additional interest, charges, and general contact, for…