Archive for the 'debt' Tag

Managing debt effectively is important to save money on interest and avoid late payment fees.

Personal Borrowing Problems? 5 Ways to Become Debt Free This Year

The scale of the UK’s debt problem is huge. Latest statistics from the Money Charity make for frightening reading – just a couple of sample facts are that the average total debt per household, including mortgages, was £54,080 in January and that figure is forecast to rise to £94,481 by early 2021. There’s more here. […]

Dealing with Council Tax Debt in Scotland

According to recent research, we Scots have the highest level of Council Tax arrears in the UK. And it’s a growing problem. The number of people seeking debt advice because of Council Tax arrears has risen by over 350% in the last five years alone. So, if you have Council Tax debt, the first thing […]

How to Get a Personal Loan that Works for You

What words spring to mind when you think about debt? Stress? Complexity? Costliness? It doesn’t need to be that way. It’s hardly a secret that we are living in some of the toughest financial times of the modern era; times where formalities such as home and car ownership that our parents and grandparents used to […]

To Save or to Pay Off Debt? Answering This Thorny Question

On payday, do you struggle to decide between paying down consumer debt, mortgage and student loans and socking as much cash as possible into a high interest savings account? You’re not alone. Millions of people across the UK are in this same confusing situation, and most are completely unsure about the best choice for their […]

Take Part in a Debt Consolidation Survey

Compare the Market is carrying out a survey into debt consolidation. This is when you take out one loan to replace several different loans. This is often done to lower the rate of interest paid and/or to simplify your finances by only having one monthly repayment to make e.g. transferring credit and store card balances […]

How to Find the Best Personal Loan

Here are my tips for finding the best personal loans. Look Out for Offers for Existing Customers HSBC current account holders can access personal loans of between £7,500 – £15,000 at a rate of 4.8% over a period of 1 – 5 years. Holders of the Nectar loyalty card can access a Sainsbury’s Bank loan […]

What Should Be Done About Payday Loans?

There’s so much negative press about payday loans. I’m not a fan of them. However, if the payday loans business is booming, there is clearly a demand for their services. There’s a lot of talk about more regulation of payday loans companies, but the alternative of loan sharks could be worse. I can see the […]

Don’t Let Yourself Slip into Debt

When we went to our car to return back home to Berwick upon Tweed, after redeeming my two night business card prize draw at Jurys Inn Edinburgh, the car wouldn’t start. Not really a surprise; it was a frosty morning, the car had been parked for a couple of days and it was the original […]

Should You Lend Money to Friends?

It puts you in a difficult position when you lend money to a friend. They may ask you directly for a loan, or you may feel that you should offer to lend them money to help them out. Now I think it’d be better if this situation never happened in the first place; that everyone […]

Why Having a Permanent Job Could Be a Bad Thing

Having a permanent job can be a bad thing if it puts you in a comfort zone where you feel that your income is guaranteed. That’ll be a fallacy, as you can still be made redundant from a supposedly permanent job. One of the main reasons that we lived below our means and became debt […]