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?


What happens if my IVA fails?

Posted 09 February 2016 by Christine Walsh

When you’re considering an IVA, it’s important that you understand the rules so you protect it from failing. Read on to find out more.

Will a debt management plan affect my tax credits?

Posted 08 February 2016 by Christine Walsh

You will need to include tax credits and any other government benefits you receive when you are working out how much you can afford to pay towards a debt management plan. However, your eligibility for these benefits will not be affected.

Can I lose my savings or bank account if I enter into an IVA or become bankrupt?

Posted 06 January 2016 by Christine Walsh

Are you thinking of entering into an IVA or bankruptcy? It’s best to look at all the details, read our guide on how these debt solutions could affect your savings and bank accounts.

What happens if my employment changes whilst I’m on DAS?

Posted 22 December 2015 by Christine Walsh

Do you know what would happen if your employment changed during a DAS? Read on to find out more.

What’s the difference between an IVA and a DMP?

Posted 18 December 2015 by Shelley Bowers

If you want to know the differences between an IVA and a DMP, read on.

What happens if I’m on a DAS and I’ve forgotten a debt?

Posted 23 November 2015 by Shelley Bowers

If you are on a Debt Arrangement Scheme (DAS) and you’ve forgotten a debt, what can you do about 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.