In this special blog post, I collaborated with Nick from Pounds and Sense to put together our top thoughts on personal finance, gathered from our own experiences – the good, the bad, and the ugly! We talk about new-fangled finance-related
READ MORECoronavirus has caused upheaval in many people’s lives. From redundancy to bereavement, to social isolation, the pandemic has created uncertainty and complexity across the country. And this extends to our financial lives as well – many of us have experienced
READ MORE
We know that Coronavirus has had an impact on all our lives. The ripples will be felt for plenty of time to come. However, what we may not realise is that the effect of the global pandamic, may cause us
READ MORE
Debt is something that many of us have had in our lives and whilst for many of us it is manageable, for others it can take over their lives. Most of the time, the debt that we are in is
READ MOREIt goes without saying that Covid-19 has had a huge impact on all of our lives. Many have lost their jobs. More have been placed on furlough. Both of which have had a severe reduction on the money that comes
READ MOREDebt is something that many people now have to deal with in their lives. For some, it is easy to manage it themselves without any help, but for others this is not the case. For those people they need to
READ MORECovid-19 has had an impact on many different aspects of our lives. However, one area that many are feeling the impact is on their finances. With furloughed staff no longer able to bring in a wage and those who are
READ MORE
If you have ever been in debt, you will know that it is a particularly stressful time for you and those around you. However, if things do escalate into a bailiff knocking at your door – you should not panic.
READ MORE
What did you want to be when you were younger? A fireman? A spaceman? A model? No matter what it was, we can put a bet on ‘debt collector’ being low on your list. However, that is the daily reality
READ MORE
Have you ever been in debt? It can be a seriously troubling time for anyone. It can also hit when you least expect it. You may feel lost or like you have nowhere and no one to turn to. One
READ MORE
Scams are not great at the best of times – but to fall victim to a scam while you’re in debt may be very hard-hitting to you and your livelihood. Most of the debt collectors you come across will be
READ MORE
Up until very recently, enforcement officers are still being spotted collecting debt up and down the country. Even with social distancing rules in place and many people being unable to go to work, the government has to put a freeze
READ MORE
There have been calls for debt relief for the general population, as fears about the economy are prominent due to the current COVID-19 pandemic. This deadly virus is not only just affecting our health, but it is also having huge
READ MORE
We are sure you are fully aware of the current ongoing COVID-19 issues at the moment. First and foremost, we hope that you and your families are keeping safe during this uncertain and anxious time. You may be shocked to
READ MORE
In accordance with the recent COVID_19 pandemic, British charities have called for the chancellor to write off debt equating to £10bn. This “debt freeze” will include what people owe in regards to council tax and social security. This “debt freeze”
READ MORE
Will Hodson and Henry de Zoete originally decided to take on the UK’s domestic energy suppliers in 2014. They built a collective company called The Big Deal to get the best energy supply deal for their members, and four years
READ MORECoronavirus Piggy Bank Introducing the Coronavirus Piggy Bank. Featuring ultraviolet light, this piggy bank cleans your hard-earned money whilst encouraging you to save! £4.99 inc. VAT Note: due to unprecedented demand, we have now sold out (10,000 units in 24
READ MORE
Coronavirus has impacted many of our jobs and if you weren’t in debt already, it’s more likely that you will be in the coming months. Here’s my replies for those of you that asked a question on Twitter (don’t forget
READ MORE
You may be feeling worried, anxious, stressed or even angry. This is going to cloud your decision making. The elephant in the room is that through no fault of your own, you’re in a less secure position than a couple
READ MORE
The 118 118 Money website and app has now been down since 22nd March and their communications suggest that they may have been hacked. An estimated 300,000 customers are unable to service their loan and credit card accounts, however, they
READ MORE
Yup, that was a dumb idea – I blame social distancing! The glowing eyes were my son’s idea 🙂 On a serious note, now that we’re several weeks into coronavirus… Which of the 4 situations are you in? Read on
READ MORE
This simple 3 step guide with letter templates will show you how easy it is to request a refund from your lender. 100s of readers have followed this process and have successfully been refunded anything from £200 to £2000! The
READ MOREThis week I came across a new technology called a ‘ping tree’ which reports to guarantee you a loan at the best rate. Ping trees do full applications with 50 different lenders, all from one 2 minute application. Why you
READ MORE
Debt Consolidation For People On State Benefits: Help When You Need It Most People who suddenly find themselves unemployed or on state benefits for whatever reason, still have to face paying down their bills like everyone else. Yet finding the
READ MORE
Debt Management For The Unemployed: Help When You Need It Most People who suddenly find themselves out of a job, or on state benefits for whatever reason, still have to face paying the bills like everyone else. Yet finding the
READ MOREThere are 4 ways to write off your debts that lenders don’t want you to know about. Most lenders insist on being repaid, but in some circumstances, they may agree to write off some or all of your debts. There
READ MORE
If you have debts that you are struggling to pay, one option that you can consider is asking your lenders whether they would accept a lump sum in full and final settlement of the debt. This can be a good
READ MOREDebt Relief Orders are available to people on low incomes who owe relatively small amounts of money. They offer a low-cost alternative to bankruptcy if you have debts that you cannot afford to repay. What is a Debt Relief Order?
READ MORE
Most people in debt that can’t afford the repayments use a Debt Management Plan (DMP). They help people who can afford to make some debt repayments each month but cannot afford to make the repayments at their current level. You
READ MORE
Everyone has a credit score. That score is used by a range of organisations for a number of different reasons. Some people have a good credit score and some people don’t . Obviously a good credit score is better than
READ MORE
Bankruptcy is the “nuclear” option when it comes to getting out of debt and it is not an option to consider lightly. If you are declared bankrupt your debts will be written off once you have been discharged – which
READ MORE
There are a number of different ways to manage your debts if they have got out of control. Two of these are the Snowball Method and debt management plans. These are similar debt management strategies in the sense that neither
READ MOREThe snowball method is by far my favourite method of getting out of debt. It’s super simple to follow and very motivating as you make quick progress. Opinions are divided as to whether the Snowball Method is the most effective
READ MORE
Although it is not usually a long term solution to financial problems, selling some of your property can provide you with a short-term financial fix. Most of us have loads of things that we no longer use or need. And
READ MORE
Micawber famously said, “Annual income twenty pounds, annual expenditure nineteen, nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds nought and six, result misery.” And that character, created by Charles Dickens, was right. If you’re spending
READ MORE
It’s probably stating the obvious, but if you’re struggling financially, one way to make your life easier is to decrease the amount that you are spending. This means that you don’t have to borrow as much money. It also means
READ MORE
If you are in financial difficulty you may get to a point where you have to deal with debt collectors. If you find yourself in this situation it’s likely that you’ll be scared every time you hear the post drop
READ MORE
Are Debt Purchasing Companies Plaguing You With Zombie Debts? Zombie Debt Scenario #1:An elderly widow sits freezing in her flat. She is trying to pay off a £2,000 debt before she dies, because she’s frightened that the debt will be
READ MORE
Every wonder what happens when you default on a loan? Does the bank suffer a huge amount when this happens? Well, as we saw on the previous page, How Banks Work, banks are set up so that money may be created
READ MORE
If you’re worried about the ethical implications of writing off your debts or other loans, have a read of this article. Most people have incorrect notions of how banks work. Most of us think that the banks are doing us
READ MORE
The Statute Barred Debt Scam is just one example of how debt purchasing companies make a tidy bit of money because the law is so woolly about what is allowed and what is not. When a legal point is so
READ MORE
Apply For A Logbook Loan: Convenient Finance to Tide You Over Release The Cash Tied Up In Your Car Did you know you that when you apply for a logbook loan youcould borrow ready cash secured on your car? In
READ MORE
Apply For A Debt Consolidation Loan and Reduce Your Monthly Burden People who find themselves struggling with the burden of debt, for whatever reason, still have to face paying the bills like everyone else. Yet finding the funds to do
READ MORE
It is generally agreed by experts in the credit repair industry that there are certain measures that anyone can take to improve or repair their credit rating (however, these people – or consultants – usually charge a pretty fee along
READ MORE
Many debt collectors and debt purchasing firms use such questionable means on a daily basis. Many are regularly featured in the various consumer websites which have sprung up in recent years and which have helped spread the word about DCA
READ MORE
Please note that writing off a debt on the grounds that it is unenforceable, as described above, is not a debt management plan or an IVA, where the debt is written off over 5 years. To write off credit card
READ MORE
Several people have written in saying that they’d noticed that there were several direct debit items on their bank statement for the same debt account, but that these were being paid on a regular basis to different debt purchasing companies.
READ MORE
This site, in spite of appearances to the contrary, does not propose the abolishment of the debt purchasing industry by law. Everyone is entitled to earn a living, and to health, happiness and a quiet life (although not many DPCs
READ MORE
Capital One had some technical issues which meant customers were unable to log in to their online account and make a payment – a nightmare for those of us who want to keep on top of our bills! Capital One
READ MORE
Most of us will have debt at some point of our lives. This is because debt comes in a variety of forms. Car loans, personal loans and credit cards are all forms of debt and they are common for us
READ MORE
Having debt may be becoming all the more commonplace in this modern world but that doesn’t mean that it is pleasant to have to cope with. If you are starting to find that your debt is becoming too much to
READ MORE
It can be easy to take out debt during your life. In fact, it is thought that the average household debt, is around the £10,000 mark. Debt is something that many people will have and in the most part it
READ MORE
If you have a loan you may feel a little stuck. You know the loan wasn’t a good idea, due to the interest and time limits, but when you need money fast, these reasons don’t really enter the mind. All
READ MORE
Debt is the devil and it’s a tyrant we all suffer from at some time in our lives. It’s a vicious cycle, as it’s usually those who have less financially that find themselves saddled with high interest rates, meaning they
READ MORE
Christmas is a time when loans are very popular. Most people want Christmas to be perfect, they want to buy the ideal gifts, they want to complete their children’s Christmas list, and many will go to the ends of the
READ MORE
Being respected by Charles Bronson might not be something that many of us aspire to, however, for underworld debt collector, Paul Sykes, this was an accolade that was to be celebrated. Based in Teeside, Paul achieved so many infamy throughout
READ MORE
It is no secret that debt is a huge problem for UK families at the moment, however, the bad news is that this is not set to continue but also rise as time goes by. In fact, the TUC states
READ MORE
A loan is rarely a good idea; however, you already know this or you wouldn’t be here. Companies offering loans do tempt us in by showing us how the loan can help us financially, in a wide array of domestic
READ MOREIf you don’t have the money to pay back your loan? There are a number of things that you can do. Follow the steps below. What You Should Do When You Can’t Pay Back Your loan When you have a
READ MORE
Let us be honest here. There are more than enough types of loans available out there with extremely competitive rates. However, getting the cheapest of all is still quite challenging. Remembering the following 4 tips will keep you on the
READ MORE
So, you have a loan and want to cut its cost. The good news is that the record-low loan rates open the way for you to do that quite easily. Unfortunately, this doesn’t also mean that you can save some
READ MOREThis little known credit card trick can clear your expensive debt. We tend to think that a credit card from is more expensive than a personal loan. Strangely, though, the cheapest credits cards usually undercut the cheapest loans. So, it
READ MORE
Many people falsely believe that a some loans are a handy way to get some fast and easy cash. Maybe it is the amount of interest which has now been capped that gives them that feeling. The truth is that,
READ MOREThis is definitely one of the most common questions asked by millions of former graduates in the UK. So, you have some extra cash and want to repay your student loan. First of all, congrats on actually having the money
READ MORE
For many people struggling to qualify for borrowing from a bank, credit unions are their best alternative. A credit union is a not-for-profit organisation that provides options to borrow money at very reasonable prices, among others. Credit unions also have
READ MORE
If you need to borrow money, the rising competition between providers is actually beneficial to you because this means that you now have the chance to get a cheap loan for a ridiculously low (compared to a few years ago)
READ MORE
Saving money to help pay back your loan can be a double-edged sword. While trying to find ways to live on less, wouldn’t it be much better if you didn’t have to struggle with anything but unnecessary loans or, even
READ MORE
Sometimes, you’ll come into a bit of extra money. This could be from work, or the sale of an expensive object, or a gift. In these moments, it’s tempting to make an extra repayment on the loan you’ve taken out.
READ MOREWhen you’re in debt, sometimes it can be difficult to pay it off. In some instances, you’ll want to set up what is known as a temporary repayment plan. However, not everyone is aware of what one of those actually
READ MORE
