News and tips on tackling debt, living on a debt plan and other debt matters
How will starting a debt solution impact your credit score?
Posted 05 March 2018 by Christine Walsh
Starting a debt solution might be the right way for you to take control of your debts, but the knock-on effect could be a badly damaged credit score, right? Come to think of it, if you go on a debt solution, could it stop you from ever borrowing again?
Latest
Statute-barred debt: do you need to pay?
Posted 28 November 2019 by Christine Walsh
You may have heard that there is a certain period of time after which your lenders cannot make you repay a debt. This refers to something called ‘statute barred debt’ (also sometimes known as ‘time barred debt’ or ‘time limited debt’).
3 steps to get out of a payday loan nightmare
Posted 26 November 2019 by Christine Walsh
So you’ve taken a payday loan and the repayment is due, but you can’t afford it. At this point you might be tempted to take out another payday loan and use it to make the repayment.
Benefits Checker
Posted 26 November 2019 by Christine Walsh
Every year in the UK, people miss out on a staggering amount of money in unclaimed benefits.
Hiding money from an IVA
Posted 25 November 2019 by Christine Walsh
When you start an IVA you agree to pay in what you can afford - after living costs - into it for a fixed term, usually 5 years. In return your lenders agree to write off any remaining debts at the end of the term.
A quick guide to debt forums
Posted 14 November 2019 by Christine Walsh
This is our quick guide to debt forums in the UK
Can I change from a DMP to an IVA?
Posted 14 November 2019 by Christine Walsh
Changing from a DMP to an IVA might be possible, but there’s a lot to think about before going ahead with it.
To find out more about managing your money and getting free debt advice, visit Money Advice Service, an independent service set up to help people manage their money.