I’m starting a new section on my blog. I’m writing about articles I’ve read this week and sharing them with readers of my own blog. I get a lot of inspiration and guidance from other blogs and personal finance writers so from time to time I want to give back and share their excellent work. I’m a great believer that we all learn through life and experiences. Other bloggers have different experiences and with an open mind we can all benefit from their knowledge. Articles I read this week The articles on other personal finance blogs I read this week […]
John The Bankruptcy Guy
As an ex-bankrupt, John has experienced the highs and lows of credit. It's with this knowledge that he writes Debt Advice Resource - to help others avoid, or navigate out of, the pitfalls of debt.
At the start of the month we conducted a survey to ask, “Do people in debt deserve what they get?”. The results were interesting. As many people suspected, “it depends” was a popular answer, with only a few people saying ‘yes, they deserve it’. Results of Survey: Do People In Debt Deserve What They Get? The results of the poll were as follows. Question: “Do people in debt deserve what they get?” Answer: Yes: 8% No: 46% It Depends: 46% The overwhelming majority either said “No” or “It depends”. No suggests that people believe debtors should not have to face […]
At 8.20am on Friday 19th October I was in a car crash and it wasn’t much fun. However, as with everything happening in my life at the moment, I wanted to share my experience and see how others had dealt with a similar situation. I also have a lot of American and Canadian readers of my money blog and their insight into the insurance world could prove valuable here. One Big Car Crash A day before helping a family member move house I was involved in my first car accident. It happened on a motorway slip road in wet conditions […]
Scottish Trust Deeds are a popular debt solution for people in debt, primarily because it allows them to repay a percentage of their debt and have the remaining debt written off. However, what’s in it for the Trust Deed companies who manage the solution? There’s plenty of advertising for companies “looking to help” with a person’s debt problem and potentially offering a way out of debt where “debt can be written off”. So, where’s the catch? Why doesn’t everyone just enter a Scottish Trust Deed, surely it’s a much better option than worrying about debt? The Companies Offering Trust Deeds […]
There are lots a ways to save money around the house but most of us don’t take the time to work out how we can do this. I spent 1 hour this week trying to save money around the house. It struck me while watching a TV advert, the UK wastes lots of money on pretty much nothing. I wouldn’t simply hand over £100 to somebody I didn’t know in the street for nothing, so why will I do it within my home? Crazy! I’m on a super scrimping mission. I started by grabbing my trusty pen and pad to […]
Debt management is one solution to debt to help people become debt free. However, one debt management plan is not always the same as another. Read on!
A friend always says, “there’s three sides to every story, his, hers and the truth” and I often feel there are multiple sides to any debt and money problem. It’s such a depressing subject that often people don’t like to delve deep into the topic and uncover nasty or frightening truths, so we’ll start light. When you speak to someone who has encountered a serious debt problem they will inevitably fall into two categories. These two categories are “It wasn’t my fault” or “I did it and I’m a terrible person”. For most of my time being bankrupt I was […]
I started Debt Advice Resource with simple objectives and I’ve used these recently to help me make a decision on a content writing offer I received. My objectives when starting Debt Advice Resource were: To help people avoid the same mistakes I made. If people were in a difficult financial place, I wanted to give them the information and knowledge that I accrued during my time deciding on the best debt solution. To “pay” something back. It was important I didn’t just go bankrupt and not share what happened, why it happened and my thoughts on how it could be […]
I sat in front of my computer today and asked myself, how can I possibly save money? Amazingly, I was surprised at what I found! There are so many bargains and opportunities out there that many people don’t know about. The types of websites I looked at were the comparison websites, general google searches, money saving forums and in the local newspapers. The newspapers didn’t really help. Yes, there’s adverts for products but there’s no money saving and usually they are simply promoting products I don’t need. People usually want to save money on their credit cards, their shopping, their […]
It was reported recently in the national press that people have stopped borrowing money on personal loans and credit cards because they are paying off their debt. This is a conclusion which is unfounded in my opinion. The error comes from journalists and over optimistic politicians who want the situation to be true, however, I suspect the truth is a lot darker in nature. The Facts £351 was borrowed in August 2012, considerably less than the same time last year. At the same time, people continued to make payments back to their contractual debt agreements. At first glance this could […]