Debt Free Advice

Debt Free Advice

When debt comes-a-knockin’ there’s only really one question to answer “how am I getting out of this?”Debt paralyzes people and they just want to get debt free. This important element is getting debt free advice, and quickly. Hesitation, through fear, worry and panic can get the better of people, meaning the debt simply increases.  The first stop, seek advice. Getting Debt Free Stopping the financial hamster wheel isn’t easy. The fear of the unknown is what keeps people motivated to continue and repay their debts. This isn’t the best option for anyone and advice on getting debt free should be […]

Council Tax – Pay or Don’t Pay?

Council Tax - Pay or Don't Pay?

For residents of the UK it’s a frustrating tax on society. The tax that means our bins are collected and public services are funded. Yet, it’s a lot of money every month to spend, per household. The council tax was instated during the Margaret Thatcher Government and has remained ever since. Council tax is what’s described as a priority expenditure. This means, it MUST be paid. Generally, it goes, pay for your rent/ mortgage, gas/ electricity, food then council tax. If you don’t pay your council tax you can quickly find debt problems arrive at your door. Avoid Council Tax […]

What Happens in Bankruptcy?

What Happens in Bankruptcy?

Unfortunately I have personal experience of bankruptcy, so you’re hearing it from the “horses mouth”. Sometimes bankruptcy is the best option and it certainly was for me. Unemployed, no money and nothing anyone could take off me. Actually I generally wish there was something more I could have done, but the situation was what it was. I was bankrupt. What I didn’t want is someone feeling sorry for me, I certainly wasn’t. I needed advice. The honest kind that hurt and was a struggle to listen to without grimacing. I found this advice in a family member who confirmed what […]

Can I Go To Jail For Being In Debt?

Can I Go To Jail For Being In Debt?

Over one-third of people living with personal debt problems believe they will end up in prison because of their credit card and council debt. Personal debt problems often leave people feeling vulnerable and alone but can you really go to jail for being in debt? The answer is, of course, no. But it’s a fear many people have because of the severity of their money problem. It’s also compounded because creditors say they will enforce the debt and commit somebody to prison. This is just a threatening tactic, most of the time. In some instances people can go to jail […]

Trust Deed vs IVA

Trust Deed vs IVA

Two of the most popular solutions to resolve debts are the Trust Deed and the IVA. There are specific differences between the Trust Deed vs IVA and it’s vital to know the positives and negatives of each debt solution because it does matter if you’re in debt. The Trust Deed is a Scottish only debt solution. The IVA is for people living in the rest of the UK (England, Wales and Northern Ireland). The Rise of Trust Deeds & IVAs The insolvency solutions – a Trust Deed or IVA – have become popular throughout the UK in the past 10 […]

Wonga: We’re Nice… Honest

Wonga: We're Nice... Honest

Short term lenders, like Wonga, make their money through misery, greed and unfair credit lending. It’s an opinion from one side of the debate and it’s also my opinion. The alternative side of the coin has been displayed today. Global finance giant Wonga has issued a 12 case portfolio of happy customers via a film it’s made. It’s no surprise I hate payday loan companies, but for the company to release obvious propaganda about their “happy” customers is a farce. This takes place as MPs begin to investigate the payday lending industry. Wonga’s Sob Story Poor, disheartened short term lender, […]

Debt Problems & Suicide

Debt Problems & Suicide

Sadly, it’s a common fact that people struggling with debt and money worries will consider, at some point, taking their own life. The feeling of disappointment, coupled with the compounding debt problem which seem like it will never resolve itself, can lead people to the opinion that the best route would be suicide. I can honestly say I felt the same way. Unemployed with a family and a mortgage I felt the world was over. It wasn’t until I came through the over side, I recognised how close I came to making a stupid mistake. I don’t think I would […]

Cheap Supermarket Shopping

Cheap Supermarket Shopping

Price isn’t everything in life, the cheapest isn’t always the best and we should always seek to find value. It’s for this reason that I had pre-defined ideas on specific supermarkets. The large chains were always “the safest”, I mean, they are everywhere so they must be the best, right? I typically shop at Tesco or Asda because they are the biggest and best. I would drive past a Lidl or Aldi en route and never give it a second glance. These supermarkets could only every be filled with disappointment – mainly through poor customer service and quality – so […]

Christmas Credit Card?

Christmas Credit Card?

How will you pay for Christmas this year? Will you use a credit card to fund your presents and spending or have you been saving all year round?

Should Mis-Selling Just Be a Fine?

Should Mis-Selling Just Be a Fine?

How protected should consumers be? Are we niave, precious souls that shouldn’t be lied to by horrible corporate businesses who employ money-hungry, targeted individuals who will do anything for a quick sale? Well no, but there’s an element of trust we place in companies to look after our interests and mis-selling should not be tolerated. That’s why I’m glad to see the regulator fine ScottishPower for door-to-door and telephone based mis-selling. Scottish Power Mis-Selling Energy providers make billions of pounds in profit every year, yet their customer acquisition tactics are among the most aggressive in the UK. With promises of […]