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Maria Nedeva has written a book like no other about debt. Having found herself in £100,000 of consumer debt, she managed to become debt free in 3 years. Her book documents her journey to debt freedom in the hope that her story will help others imitate her success. She begs you to stop listening to

Have you heard of Debt Camel and the Debt Camel blog? Everyone in debt should know about the Debt Camel website and how this free resource can help you through a difficult period. We’ve been taking a look at Debt Camel to see why they’re so popular. Learn why Debt Camel impressed us and how

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 tech, advice for the coming hardship of 2021, and the stickiness of entangling personal relationships

Coronavirus 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 negative financial impacts as a result of Covid-19.  Financial Hardship from COVID There are two

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 more issues than we realise. The UK has entered a serious period of debt. In

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 down to our own choices. However, we might not be as in control of what

It 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 into households. Both of these things, along with having to entertain our children at home

Debt 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 seek advice and perhaps approach their debt in an entirely different way. Often with something

Covid-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 self-employed not being able to work as normal; money has been something that many people

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 for some people. What is it like being a debt collector and what do they

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 MP, in particular, wants to make a real change when it comes to this issue.

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 on debt collection. Many people have been left unable to pay bills or able to

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 effects on our work life, home life and educational sectors. When businesses are forced to

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 hear about the following news that has arisen. Even during the global COVID-19 pandemic, US

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” will help low-income families struggling to support themselves as the economy takes a huge hit

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 later in 2018 that collective company had grown to 400,000 members. The problem was the

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 to follow!) What happens if I ignore my credit card payments? If you ignore your

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 of months ago and your previous investment decisions are coming back to haunt you. Coronavirus

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 are still able to make payments. If you are a 118 118 Money customer, I

Yup, that was a dumb idea – I blame social distancing! On a serious note, now that we’re over a year into coronavirus… Which of the 4 situations are you in? Read on to find out which situation you’re in and the best things you can do to improve your finances in these uncertain times.

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 as the saying goes, “one man’s trash is another man’s treasure”. If you need to

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 more than you’re earning, it’s not going to end well. There are two ways to

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 that you have more money available to repay your debts. Reducing your expenses can also

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 passed on to her children if it is not cleared. The shame of that happening

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 a huge favour by lending us money. In fact, we are doing them a huge

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 fuzzy that lawyers may argue about it for hours it means that this is an

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 other words, you don’t have to sell your car to get the cash. You’ll just

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 that becomes almost impossible in such circumstances. One immediate and obvious solution would be to

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 with their services). When money is short, as it is with everyone who is seeking

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 malpractice, much to the discomfort of the DCAs themselves, and have attracted the interest of

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 debt is a response to the law which says that lenders offering loans without proper

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. It occurred to us that this would undoubtedly be the result of one DCA selling

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 believe in giving their victims a quiet life). However, what would kill off the 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 made an announcement on Twitter yesterday morning and are working on a fix as a

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 to have applied for during our lives. They can be the ideal solution if you

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 cope with, then you might want to find ways to help. One of the most

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 can be a good thing. But what happens when you notice that your debt is

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 we see is a way out of a financial struggle, however temporary, and loan providers

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 pay back a lot more in comparison to those who have money to spare. Bad

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 earth to achieve this. Loan companies are clever, they know how much pressure you’re under

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 is time, that his life is now to be made into a film. Not only

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 that it is expected that the level of debt seen by an average UK family

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 right track, though: 1) Make Sure You Are Borrowing The Minimum Necessary And by “minimum”,