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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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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.

Cut your monthly payments with debt consolidation

Posted 29 March 2017 by Christine Walsh

There are a few ways you can put all your debts in one place and simplify the way you repay your debts.

What is my disposable income?

Posted 23 March 2017 by Christine Walsh

Your disposable income is the amount you have left to put towards your debts after all your other essential bills and expenses have been paid.

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.