Published in on Thursday, April 30 2009 0 Comments

If you’re struggling with debts, there’s a little good news from the Credit Services Association (CSA) which has come to a new agreement with the government. From the end of May, debt collectors have agreed to give 30 days’ breathing space to people trying to sort out their finances.

Published in on Wednesday, April 29 2009 0 Comments

When a relationship breaks down, the emotional trauma can be significant. However, unfortunately, relationship breakdown is a common cause of debt. Many individuals who have coped well financially as part of a couple can find themselves in severe economic trouble once separated from their partner and, although it can be very stressful if you find yourself in this situation, you need to remain focused and clear about your financial rights.

Published in on Tuesday, April 28 2009 0 Comments

Halifax has re-launched its cash-back credit card. The card is supermarket-linked allowing you to earn 1% cashback on your grocery and fuel purchases, as well as 0.5% on all other purchases for your shopping basket.

Published in on Monday, April 27 2009 0 Comments

If you have total debts of less than £5,000 and are struggling to pay them off – and have at least one County Court (or High Court) Judgement issued against you – then an administration orders may be a good solution.

Published in on Sunday, April 26 2009 0 Comments

If you have discovered that you are living in financial hardship (and this opinion adheres to official criteria regarding this status) and you decide to reclaim bank charges deemed unlawful, there are several steps that you should follow.

Published in on Saturday, April 25 2009 0 Comments

Until a couple of years ago, many people were finding themselves thousands of pounds richer after claiming back bank charges (imposed when customers go beyond an overdraft limit) which were deemed to be unlawful. This process was great news for those in debt, as claiming for up to six years’ worth of these charges often added up to a nice sum of money which could be used to help with a personal debt management plan.

Published in on Friday, April 24 2009 0 Comments

According to the Office of National Statistics, the unemployment level in the UK has now reached over two million, and it’s expected to rise to more than three million. If this does happen, it will mean that around one out of every ten employable people in this country will be out of work.

Published in on Thursday, April 23 2009 0 Comments

IVAs (individual voluntary arrangements) are designed to help people who are in debt but wish to avoid bankruptcy. They are contractual repayment arrangements with your creditors which are legally backed and which don’t involve the high costs associated with a bankruptcy.

Published in on Wednesday, April 22 2009 0 Comments

If you follow a few basic guidelines for lodging, you should find the process stress-free and financially beneficial. However, there are some potential pitfalls that you should be aware of prior to making a final decision. These include:

Published in on Tuesday, April 21 2009 0 Comments

Does it make sense to consolidate your debts? Unfortunately, the answer to this question is an equivocal “yes and no”!