Sometimes the hardest decision to make is the right option. It’s taking the first step that’s the hardest part. You can be aware of a problem, even know what to do to resolve the problem, but be unable to take the necessary steps. Maria Robinson once said Nobody can go back and start a new beginning, but anyone can start today and make a new ending. It’s with this sentiment that I’ve compiled my top 10 reasons to get active and solve those debt or money problems. It’s not the end of the world being in debt – there is […]
10 Tips For Dealing With Debt

Debt is one of the most debilitating social problems and it’s felt worldwide. But, it doesn’t have to be this way – there is always a route to become debt free. I’ve been there myself and on reflection I’ve come up with these ten debt tips for dealing with debt problems. Top 10 Tips For Dealing With Debt Stop The Rot: Accepting there is a debt problem is step 1. You have to pull your head out the sand and face the problem head on to finally get back to a debt free life. Speak to Your Creditors: It’s frightening […]
Free vs Free Debt Organisations

There’s a long running debate in the UK that fee charging companies provide a better service because they charge for the advice they provide. Charities working from grants and donations require volunteers and they are poorly trained. The question is, free vs fee debt organisations: Who is better? Free Charities vs Fee Charging Companies The fee charging companies are usually the companies advertising on TV, Google and radio because they have the money to do so. I’m skeptical about these companies. Everybody needs to make money in business, just to cover operating costs, if nothing else. However, I’ll tell you […]
Mortgage on Interest Only: Problems Ahead!

Being debt free, secured and unsecured, are goals for most people. Nobody wants the burden of debt, whether it be a mortgage for a house or a credit card. However, I recently met a friend, Stan, who was thrilled at having bought his first house at the tender age of 45. He had marital problems with debt and divorce earlier in life so he thought obtaining a mortgage would never happen for him. He secured a £95,000 mortgage with a 5% deposit so the property cost £100,000. The problem was two-fold, the interest rate was high so he took the […]
10 Myths You Didn’t Know About Debt

There are so many debt myths if you read them all your socks would be blown off and your head may very well explode! As a result, I’ve limited the debt myths to 10, it’s just safer this way. As many of you know, i’ve been bankrupt before. Not something I’m proud of but I’ve lived and learned like many others. The beauty is I’ve learned the truth about debt in the UK. I can see debt for what it is and not what it’s largely perceived to be. Predominantly, people in the UK are raised from children to believe […]
What Are You Supposed To Do When You Can’t Pay The Bills?

This question is becoming more and more common and for many people there is no easy answer. In many cases, the answer is staring them in the face, but, of course, they just don’t realise it. It’s a difficult decision when you can’t pay your bills. You feel like you’ve let people down, that you’re a burden on society and that life won’t get better. It’s easy to stick your head in the sand, but I encourage people to avoid this route because it doesn’t work long term. It’s a short term, “If I don’t see it, then it’s not […]
Scottish Trust Deeds: 5 Truths about Trust Deeds
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 […]
Managing Your Finances

One of the most popular reasons for debt problems is derived from an inability to manage day to day finances. There’s so much going on and life can become too muddled to realise there is a problem. However, managing your finances and staying in the black with your bank is essential for a balanced, healthy life. Are you often overdrawn in your bank account? Well we’ve created some helpful tips and discuss whether you’re getting the most from your bank account. Tips to Avoid Going into the Red If you’re perpetually going into your unauthorised overdraft and being charged exuberant amounts in charges from […]