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News and tips on tackling debt, living on a debt plan and other debt matters

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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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Can the FCA get the interest and charges on your credit card written off or frozen?

Posted 18 April 2017 by Christine Walsh

The FCA thinks too many people are in persistent credit card debt and they’ve proposed new ways for credit card companies to help their customers.

Lenders contacting you for payment? Here’s what you need to do to make it stop

Posted 17 April 2017 by Christine Walsh

If your lenders are asking you for payments, you need to stay in touch with them and you might need to get debt help to solve the problem.

Make sure you understand the vital difference between arrears and default letters

Posted 13 April 2017 by Christine Walsh

Make sure you know whether you’ve got an arrears letter or a default notice.

Debt Management Plan: How this solution works

Posted 31 March 2017 by Christine Walsh

A DMP can really help you pay your debts back in an affordable way, but there are pros and cons.

Could you get debt free in a year with a DRO?

Posted 30 March 2017 by Christine Walsh

Are you looking at ways to clear your debts? If you meet the criteria, a Debt Relief Order can suspend your repayments and write your unsecured debts off.

If my lenders haven’t contacted me, do I have to repay them?

Posted 30 March 2017 by Christine Walsh

If a debt is statute barred, it means that it’s too old for a creditor to start any court action against you.

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.