Debt Management Plan. MoneyPlus supports tens of thousands of UK customers with Debt Management Plans (DMPs). Quick links Pros & cons How can a DMP help? Am I eligible How to apply DMP FAQs Pros & cons How can a DMP help? Am I eligible How to apply DMP FAQs Debt Management Plan pros &…
Before committing to a Debt Management Plan (DMP), it’s a good idea to consider all the benefits and drawbacks. Although DMPs can be a great option if you are struggling with debt, as they allow you to pay back on your timescale and budget, they are not always a magic fix. There are a range…
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…
Losing your job can be one of the most challenging experiences you face. It’s not just the emotional impact, it’s the financial implications too. Especially if you have existing debts which need to be paid. This guide will include suggestions on how to cope with redundancy and tips on how to manage debt after job…
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…
Identity theft is a growing concern in the UK, posing serious risks to individuals’ financial and personal security. According to a 2023 FICO report, approximately 4.3% of British consumers reported that their identity had been stolen to open financial accounts. To help prevent identity theft, this guide highlights the different types of threats it can…
At MoneyPlus, we understand just how stressful dealing with debt can be. Whether you have a loved one’s birthday or Christmas coming up and are worrying about finding affordable gifts or are simply struggling to pay your utility bills this month, just trying to live your life while juggling crippling debt can feel all-consuming. However,…
An Individual Voluntary Arrangement (IVA) is a formal agreement between you and your creditors to pay back your debts over a set amount of time, which is typically five to six years. It’s a common solution for those who are facing unmanageable debt, but many people wonder if they can still rent a property while…
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…
The UK is famous for its vibrant and varied festivals, with events for everyone’s tastes and interests. While some festivals can be expensive, the UK also has many free festivals that offer great entertainment without costing a penny. These free festivals showcase music, arts, food, and community activities, highlighting the UK’s rich culture and strong…
Beefeater ‘free’ kids breakfast Children aged 16 and under can enjoy a complimentary breakfast at any Beefeater restaurant, with up to two children eligible for the free meal per adult purchasing an unlimited cooked breakfast. The offer is only available during breakfast hours: Children have the option of a full cooked breakfast which includes items…
Energy Debt Write Off: What You Need To Know About Unsustainable Utility Debt Struggling with energy debt? Discover what utility debt is, how to manage it, and potential solutions for relief, including switching suppliers, legal consequences, and debt write-off options. Managing energy debt can be overwhelming, especially when utility bills become unsustainable. To help you…