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Search Results for 'debt'

Debt Management Plans – The Different Types and What is Best For Your Needs

25th Mar 2024

Sponsored post Struggling with debt can be overwhelming, however, there’s help available. One option to consider is a Debt Management Plan (DMP). This is essentially an agreement between you and your creditors, making your financial situation more manageable.   Is a DMP Right for Me? With a DMP, you’re able to: Make one affordable monthly…

Debt Dictionary: Your Guide to Financial Jargon

11th Mar 2024

Sponsored post It can be super confusing knowing where you are with debt terminology – being in debt can be stressful enough without having to look up loads of terms to understand their meaning. So we’ve teamed up with Debt Advice firm, MoneyPlus, to compile an A-Z of debt terminology to help you find your…

Debt and Mental Health – Everything You Need To Know

4th Mar 2024

Sponsored post *this article contains references to suicide Mental health and money problems often go hand-in-hand. Research from Money and Mental Health Policy Institute reveals that in the UK, over 1.5 million people are experiencing both problem debt and mental health problems, with 86% (5,500 people) of respondents to a Money and Mental Health survey…

Money Habits – How to Avoid the Debt Spiral

19th Feb 2024

Sponsored post My dad once said something very simple but wise to me regarding credit card debt: “It’s as easy to pay off your credit card as it is to spend on it – it’s just a matter of habit.” He’s right of course: we might want to treat ourselves once in a while and…

Fee Vs Free: What you get when you pay for debt advice

6th Feb 2024

Sponsored post It should be said, straight-up, that if you need any help or advice regarding debt then contacting the right person comes first and foremost. Hiding away from it can cause even larger issues later down the line, so picking up the phone and making that call is a step in the right direction….

Debunking Myths on Debt: We Smash Five Debt Myths

29th Jan 2024

Sponsored post As the new year is here, lots of headlines state that the average debt per household in the UK is currently sitting at £65,756. This can sound a scary amount, but considering that the literal definition of debt is “to owe money”, this amount can mean mortgages, overdrafts and even ‘buy now pay…

STOP THE SHAME and Tackle the UK’s Spiralling Debt Problem Head On

18th Jan 2024

We are partnering with Debt Charity CMA to help tackle the shame around debt. Recent research shows that the average household debt in the UK is £65,724  and a sizeable £2,409 of that is on credit cards.   Now, considering the fact that 64% of people in the UK have at least one credit card…

How to Stop Debt Overwhelming You

9th Oct 2023

When it comes to general anxiety and stress, money is one of the things that can really put us on edge. It’s understandable: money (or lack of it) plays into every part of our lives. Worries over it can lead to the emergence of poor mental health very, very quickly. In fact, the two are…

UK’s Debt Crisis has doubled in Pandemic

20th Jan 2022

A huge number of UK residents are struggling to keep up with bills and credit commitments, a number which has doubled since the pandemic began. Nearly one in three are in this position, according a new report by the charity StepChange – Falling Behind to Keep Up: The Credit Safety Net and Problem Debt –…

One in six people may use a food bank this Christmas and Face Christmas Debt

29th Nov 2021

A recent survey of 2,000 people carried out for charity, The Big Give, has revealed that 16% of people in the UK, almost 1 in 6, say they are considering using a food bank this Christmas. This number rises to 37% in London. Food is however only one way people get into debt at Christmas.37%…

Help! I’m over 55 and in debt

8th May 2021

Are you over 55 and in debt? Are you worried you’ll retire before your debts are cleared? You’re not alone. Almost half of over 55s are struggling to clear debts before retirement, according to a survey by the Debt Advisory Centre. Fortunately there are steps you can take to clear your debts in time. Read…

Your redundancy and debt action plan

3rd Aug 2020

Redundancy isn’t an easy time for anyone – and, with so many industries struggling after the Covid lockdowns, it’s going to affect lots of people in the coming months. That’s why we’ve put together this guide, in partnership with leading charity Turn2Us, to help you plan for redundancy, navigate the process, and make sure you’re…