Blog | Free Debt Advice

Money Management 18 Jun 2019

‘I can’t afford bankruptcy’ sounds like an oxymoron. You’re already in a poor financial situation. Why should making it worse cost money? The truth is, bankruptcy is often a more favoured option to other alternatives. And for those faced with…

Money Management 6 Jun 2019

How to Reduce Your Spending

There are many reasons why we might want to reduce our spending. Some of us might live on a tight budget, and need to cut down on spending for essential items without borrowing more money. Others might want to cut…

Money Saving Ideas 6 Jun 2019

5 Money Saving Tips to Help Your Budget

House prices are on the rise, the increasing cost of living is showing no sign of slowing down. Now is a good a time as any to be making cutbacks, so here’s 5 money saving tips to help your budget…

Debt Facts 30 May 2019

Is it Legal for Debt Collectors to Call Family Members?

Creditors will use an array of different tactics to try and recover money if you owe a debt to them. Repeated phone calls, automated emails, endless letters reminding you of the consequences of not paying…the list goes on. If these…

Living in Debt 29 May 2019

Can I add Debts to my IVA?

There isn’t a simple yes or no answer to this question, unfortunately. An Individual Voluntary Arrangement (IVA) is a legally binding debt solution, and once you’ve agreed to the terms and conditions it can be difficult to add new debts…

Debt Facts 29 May 2019

Does a DMP Affect Your Mortgage?

Living in Debt 29 May 2019

How to Stop Debt Collection Letters in the UK

Debt collection letters can be intimidating and you may not know what to do when one drops on your doormat. We’ve talked before about what to do when bailiffs come knocking at your door, but what should you do when…

Debt Facts 29 May 2019

Can I Get a Mortgage With a Trust Deed?

A Trust Deed is an arrangement between you and your creditors to pay off your unsecured debt. Trust Deeds are sometimes referred to as a ‘Scottish IVA’ (IVA meaning Individual Voluntary Arrangement) as they’re not available in other parts of…

Debt Facts 28 May 2019

How do debt management companies work?

When you’re in debt, it can seem like the whole world is against you. Letters from your creditors asking for money, constant phone calls asking when you’re going to pay off your debt, emails every day asking when you’re going…

Money Management 23 May 2019

Five steps to helping self-employed clients with debt advice

With the number of self-employed individuals at record levels, Nick Payne, Insolvency Practitioner at free debt advice provider PayPlan Bespoke Solutions Limited, explains how self-employed clients need a tailored approach. The BBC has reported that the number of self-employed workers…

Debt Facts 23 May 2019

How often can someone file for bankruptcy?

Bankruptcy is a solution people turn to when looking to discharge their debts. It usually lasts for a year, depending on the specifics of the case. Bankruptcy laws dictate that an individual can file an infinite amount of times. Having…

Debt Facts 23 May 2019

Can I claim PPI if on a Debt Management Plan?

Are you in a Debt Management Plan? Do you feel as though at some point you’ve been missold Payment Protection Insurance (PPI)? The good news is that yes – you can claim PPI on a DMP. Regardless of what claims…

Client Stories 20 May 2019

Client Story – Amy

Money Saving Ideas 20 May 2019

Top 5 Tips to Save Energy at Home

According to the UK’s energy regulator, the average household spent around £1123 a year on both gas & electricity in 2017(most recent estimate). In addition, energy bills are likely to rise by more than £100 for 15m households. Coupled with…

Debt Facts 20 May 2019

Can I change from a DMP to an IVA?

A Debt Management Plan (DMP for short) is an agreement between you and your creditors to repay your unsecured debt in manageable monthly instalments. Because a DMP is an informal arrangement, you are not lawfully obliged to remain within it…

Living in Debt 20 May 2019

How to Respond to a Debt Collection Letter?

Debt collection letters are the most common form of contact used by creditors to remind you of unpaid debts. You may find that if you’ve missed multiple payments, these letters start to pile up. These should not be taken lightly,…

Debt Facts 17 May 2019

What is a warrant of control?

If a creditor successfully has a County Court Judgment (CCJ) awarded against you and you don’t pay it, then a creditor may apply to court for a Warrant of Control. Put simply, this is a legal document that allows bailiffs…

Living in Debt 17 May 2019

How to manage debt stress

Feeling anxious about debt? You’re not alone. One in two adults in debt in the UK has a mental health problem, and one in four people who’ve got mental health problems are also currently in debt.* Whether it’s credit card…