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?
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Keep the kids entertained for less over the summer holidays
Posted 20 June 2017 by Christine Walsh
There are lots of great ways to keep the whole family entertained over the summer holidays without breaking the bank. Here are some of our best ideas.
Can you settle your debts and pay less?
Posted 14 June 2017 by Christine Walsh
It’s sometimes possible to clear your debts with a lump sum of money, even if you don’t have enough to repay everything you owe. If your lenders agree to accept the lower amount, this is known as a ‘partial’ or ‘full and final’ settlement.
More breathing space for people in debt could be on the horizon
Posted 13 June 2017 by Christine Walsh
Both Labour and the Conservatives pledged more breathing space for those struggling with debts. We have a look at what could change for people struggling with debts, now we know the result of the election.
How does sequestration work?
Posted 22 May 2017 by Christine Walsh
Sequestration is one way to solve your debt problems, if you live in Scotland. But you need to make sure it’s the right solution for you first and that you’ve considered the alternatives.
Struggling with your overdraft? There’s always a way to beat overdraft debt
Posted 11 May 2017 by Christine Walsh
You might be able to deal with your overdraft by opening a basic bank account or switching to an interest free account.
Is your car finance driving you into a debt problem?
Posted 11 May 2017 by Christine Walsh
More and more of us have car finance. If you are struggling to meet your repayments it’s important to know what type of finance you’ve got and how to tackle 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.