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

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Are you struggling to save?

Posted 23 February 2017 by Christine Walsh

It’s getting harder for low-income families to save and own their own homes.

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How to avoid extra charges from lenders

Posted 21 August 2017 by Christine Walsh

Here are the main ways to make sure you avoid extra charges from your lenders.

How to get debt free in a year

Posted 16 July 2017 by Christine Walsh

Bankruptcy and Debt Relief Orders both allow people to become debt free in a year. Read on to find out more.

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.

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.

Debt Arrangement Schemes and how they work

Posted 25 April 2017 by Christine Walsh

DAS lowers your unsecured repayments, freezes interest and charges and protects you from legal action, but there are drawbacks.

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.

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.