Taking out a new loan to consolidate existing debts into one monthly payment can help to make debt repayment more manageable. However, if you have a poor credit score, it can be challenging to borrow money, often resulting in higher interest rates. In this article, we’ll discuss whether you can get a Debt Consolidation Loan…
Over the last 10 years, the UK has undergone significant changes, from political leadership to economic policies. The country today is vastly different than it was in 2014 – but how much have people’s daily lives and finances been affected? According to our survey, over 90% of people feel they have been impacted by changes…
When you’re dealing with an overwhelming financial situation, such as a large amount of debt, it’s natural to look for some much-needed respite. For many of us, this takes the form of our favourite activities and hobbies. However, what happens when the things we like to do to relax and unwind become too expensive? In…
There is rarely a good time to become unemployed. However, if you’re also dealing with crippling debt, the situation can feel even more stressful and overwhelming. Whether you’ve just been made redundant or you’ve been out of work for a few months, it’s important to still pay your bills and service your debt as best…
If the past few years have demonstrated anything, it’s how quickly circumstances can change – from global pandemics to cost of living challenges. This has left many households vulnerable to unexpected financial shocks and highlighted the importance of financial resilience. While traditional financial advice often focuses on long-term investments and retirement planning, there’s a more…
As you budget for the new year, it’s important to take base rates into account, especially if you’re on a variable rate mortgage as it could mean your payments change on a month-by-month basis. In this article, we’ll go through exactly what the Bank of England base rate is and how it could impact your…
On 1st January 2025, the energy price cap in Scotland, England and Wales was increased by 1.2% and is set to cover January to March. This price cap is set by the UK’s energy regulator, Ofgem, and is essentially a limit on the unit rates and standing charges energy suppliers can charge for their standard…
Getting your head around child maintenance can feel overwhelming, especially when you’re dealing with a changing family situation. However, whether you’re a single parent paying support or receiving it from a former partner, understanding how it works – and what knock-on effects it can have on your wider financial situation – can help reduce stress…
As we step into 2025 – the cost of living crisis still ongoing – many people are carrying financial burdens that feel increasingly heavy. Rising living costs, unexpected expenses, and ongoing economic uncertainty have pushed many households to rely more heavily on credit, creating a debt situation that can seem difficult, if not impossible, to…
With Halloween and Bonfire Night out of the way, it’s almost time to get the Christmas decorations out once again. For the majority of us, the festive period is a season of joy, love, and togetherness – but for many others, it also brings financial stress. And regardless of whether you’re financially comfortable or struggling…
The Chancellor Rachel Reeves delivered Labour’s first Budget in over 14 years on October 30th, 2024. Before the announcement, we had a look at what was predicted to be discussed. Were the predictions correct? In this article, we’ll summarise the key points the Chancellor delivered, comparing them against the predictions and discussing everything from the…
When you’re in a Debt Management Plan (DMP), the last thing you want is to be targeted by scam companies promising quick fixes. Unfortunately, scammers know that people in financial difficulty may be more vulnerable and some will try to exploit this by offering “hardship payments” or enticing loans to encourage you to switch debt…