Payday loans are being thrust at us continuously and the continued rise in living costs combined with stagnating salaries means many families are finding it harder and harder to make ends meet each month. As a result, increasing numbers are turning to short term, high interest loans after exhausting the more traditional lines of credit.
Dealing with debts
If you find yourself in financial difficulties, the best way of dealing with it is to organise your debt. Unless you know exactly how much you owe and to who, you can’t begin to tackle the issue. Here we look at prioritising your debts and working out how to pay them. How much do you
For people who’ve already been declared bankrupt, an additional solution to help repay their debts maybe be a Fast Track Voluntary Arrangement (FTVA), which will allow them to have their bankruptcy cancelled. What is a FTVA? An FTVA basically means that someone who has been made bankrupt can apply to sell their assets in order
Are you wondering ‘can you improve your credit rating?’ Your credit score can affect your ability to successfully apply for finance products or benefit from preferential rates. However, do you know exactly how it’s calculated or the best ways of improving it? What’s a credit score? Your credit rating is used by lenders to determine how
Priority Debts: What are they and how do I tackle them? Priority debts are just that – a priority. If you’re struggling to pay your bills and the debts are mounting up, it’s important to take control of the situation as soon as possible. Burying your head in the sand will only make things worse in
Mortgage payment protection insurance might seem like an additional expense, but it could get you out of a financial mess in the future if you’re unable to make your mortgage repayments. The UK is currently experiencing a prolonged episode of economic decline which is expected to continue for some time. With this arises an assortment