Financial Conduct Authority

Financial Conduct Authority

I say “Go on” to the Financial Conduct Authority – the Government’s new division of super heroes determined to fight back against the illegal and immoral companies in the UK finance market. Too often people in the UK gets screwed financially and it’s become a joke. Payday lenders, door stop loans, PPI reclaiming and dodgy debt advice are rife so a hard line needs to be taken. What Does the Financial Conduct Authority (FCA) do? The Financial Conduct Authority (FCA) will replace the existing Financial Services Authority (FSA). The current situation means that the FSA may know there is a […]

Blog Posts From this Week

My goal last week was to diversify my reading and find new finance blogs. I found some crackers which will be added to my regular reading lists!! The overall objective of reading other people’s finance blogs is to 1. Enjoy the content 2. Learn about other techniques for writing 3. Find out what’s news We can all learn from others and there are some incredible finance writers out there. I’m privileged to have read some incredibly well-written and honest pieces of literature. People who have experienced similar financial troubles to myself, through to people who have managed their money extremely well and […]

When Credit Goes Bad

When Credit Goes Bad

If I told you a credit card company was increasing your credit limit to £10,000 from £5,000 you would probably think you were more credit worthy. You probably are. But what’s the difference between credit and debt? We automatically assume more money from a credit agency is good but that debt is bad. Credit and debt are the same thing. Difference Between Credit and Debt My wife and I invited some friends over last weekend and over drinks the couple explained they were going on a round the world trip. I knew they had money problems in the past 12 […]

Maggie Thatcher Funeral: £10million

Maggie Thatcher Funeral: £10million

What will your funeral cost? I’m sure it won’t cost £10million. I’m also sure that you or your family will have to fork out to pay for it. Well, not in this instance. Tomorrow, Mrs Thatcher, ex- Conservative Prime Minister AKA the Iron Lady was in charge of the British Government from 1979 to 1992. During this time the country was at war internationally and domestically, although for vastly different reasons. The History of Margaret Thatcher Margaret Thatcher came into power in 1979 when the UK economy was in horrific condition. Employment, according to the Government, topped 3 million in […]

Save Money On Food

Save Money On Food

As the cost of living in the UK rises, it seems the cost of food is increasing daily. I had a conversation with a friend about how to save money on food and we both agreed, “If only food wasn’t a necessity”. However, it is. So, I started to consider how I saved money on food in the past. I have written about how to save money at the supermarket in the past but saving money on food is more than just a couple of tips, it’s about changing habits. Supermarket: They’re All The Same, Aren’t They? I always thought that […]

Electricity & Gas Debt

Electricity & Gas Debt

I need to find that T-Shirt… you know, the T-Shirt I wore not that long ago. The one that says, “Been there, done that, wore the t-shirt”. Yup. To me this statistic isn’t a shock, but it obviously is to the rest of the UK. The statistic released is that 20% of people in the UK owe money to their gas and electricity supplier. This research was supplied by Uswitch. Electricity and Gas Debts Are a Problem There’s essential debt and unessential debt. Credit cards and payday loans are not essential to pay. Yes you should pay them if you […]

Deal With My Debt Collectors

Deal With My Debt Collectors

Debt collectors, bailiffs/ messengers at arms are some of the most frightening people when it comes to debt. I remember when they were coming to my door and I’d taken advice from a charity about how to deal with bailiffs and debt collectors. Despite knowing the facts, I was still very afraid. Like most people I felt ashamed and thought it was my fault so I deserved what I got. This plays into the mentality of the bailiff to bully people into a corner. If you knew the facts then it would make the process a lot easier How to […]

I Heart Finance

I Heart Finance

As well as writing about finance and debt on a regular basis, I also enjoy reading articles from other finance writers. The content inspires me to write about subjects that I feel everyone already knows about, like, Can you really write off debt? Also, it’s just fun to get finance information from other finance based writers. Here’s some amazing articles I read this week. Many of them will be from the States, but they’re a great read nonetheless. Credit Card Debt Is For Losers: I tweeted about this and commented too. It’s a great insight into how self-defined “loser” Kathleen […]

Can I REALLY write off 80% of My Debt?

Can I REALLY write off 80% of My Debt?

I have to love the adverts claiming you can “Write off 80% of your debt” or “Enter a Government backed scheme” or “We’ll get you debt free in 3 years” They make me laugh because for the majority of people these claims are simply a lie. There is criteria to be met and only a small percentage of people qualify to enter the solution. So, what’s the solution and how do you enter a debt programme where you can write off your debt? Debt Write Off: Break It Down We’ve all heard the saying, “If it sounds too good to […]

Scottish Debt Advice Blog

Scottish Debt Advice Blog

It’s too easy to simply classify Debt Advice Resource as a blog about “Scottish debt advice“. It’s not. Well it’s not my intention for it to be anyway. Firstly, it can’t be debt advice because I don’t have a consumer credit licence to offer debt advice! A very important part of providing debt help. Thus, I only ever give my opinions and share facts from other companies. This helps determine my stance on important subjects. Secondly, I’m not a debt expert. I don’t have any experience, other than my own, about what’s happening in the UK regarding debt. Thirdly, despite […]