News and tips on tackling debt, living on a debt plan and other debt matters
Why you’re not alone with debt
Posted 08 February 2017 by Christine Walsh
We know that dealing with debt can feel isolating – but it doesn’t have to be. Find out here how sharing the problem can help.
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The truth about bankruptcy
Posted 10 November 2017 by Christine Walsh
Why is bankruptcy such a scary word?
People in debt to be given ‘breathing space’ to get help
Posted 10 November 2017 by Christine Walsh
Plans for up to six weeks ‘breathing space’ for people in debt, announced by The Treasury.
IVAs hit record high in the third quarter of 2017
Posted 01 November 2017 by Christine Walsh
New stats from the Insolvency Service show a rise in the number of IVAs over the third quarter of this year.
IVA or DMP – which is better?
Posted 17 October 2017 by Christine Walsh
Do you know the difference between IVAs and DMPs? We explain how these solutions work.
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.
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.