Customers of these 3 debt management firms should stop making payments now

posted by StepChange MoneyAware in Debt companies, Dodgy practice Leave a comment

We can help you if your debt management company has closed

We can help you if your debt management company has closed

This morning, the FCA announced that customers of Gregson and Brooke Financial Services (trading as Expert Money Solutions), One Tick (trading as Debt Savers Direct and 1-Tick) and the Money Management Service should stop making payments to these firms immediately.

On 29th August, the FCA used their powers to freeze the bank accounts of each of these firms in order to protect customers’ money. Following this action, the firms cannot make payments, which in turn means that they will not be making further payments to their customers’ creditors.

You can read more about these recent developments on the FCA website.

The FCA understand that between 2,000 and 2,500 customers have a debt management or debt reduction plan with one of the Bolton-based firms. Now that these companies are going out of business, other fee-charging companies could swoop in to sign the customers up to their services. If you’re affected by this closure, you should obtain free debt advice through us first.

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Are money worries keeping you awake at night?

posted by StepChange MoneyAware in Debt Leave a comment

Paul has money worries that keep him awake at night – do you?

Paul has money worries that keep him awake at night – do you?

There are very few things in life like a good night’s sleep. It plays a vital role in our health and wellbeing, and we soon feel the effects of not getting enough of it.

That said, apart from dark shadows under the eyes and a persistent need to yawn, is lack of sleep really such a big deal?

We’ve been looking into the effect that money worries have on people for some time. Based on the stories we hear from our clients and various studies, it’s probably obvious that a lack of decent sleep is a common side effect.

Many of us are kept awake by our debt problems, sometimes waiting a year or more before getting help. That’s a long time to go without a proper night’s sleep.

With this in mind, we’ll be launching ‘Need to Sleep’ on Monday, and we need to reach as many people as possible. To help, we need you to find a cuddly toy from your childhood!

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32 ways to save money on your budget

posted by James in Budgeting, Money saving Leave a comment

32 ways to save money

Cutting your costs is like giving yourself a pay rise!

There are two ways you can improve your financial situation. You can either spend less or earn more. Earning more is always nice but it’s not usually all that easy to achieve. Luckily most people can make a few tweaks to their budget and be a bit better off.

Cutting back on your living costs can sometimes mean having to do a bit of work to get the best deal but by reducing your expenses it’s a bit like you’re giving yourself a pay rise, so the work definitely pays off!

There are lots of things you can do to cut your expenses: we’ve identified 32 budget areas that you can try to cut back on. Some might not apply, some could be things you already know, but we think that most people can find something in this list that could help save them some cash! Continue reading »

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8 ways to wrap up Christmas early this year

posted by Rachel in Budgeting, Money saving Leave a comment

Don't get swept up in Christmas mania this year!

Don’t get swept up in Christmas mania this year!

As much as most of us are loathe to even think about it, Christmas is steadily creeping closer. It’s now less 100 days away!

Before we know it, festive adverts will soon dominate our televisions, and from every supermarket speaker will rattle a relentless barrage of cutesy jingles. Bah! Bah humbug, I say!

Leaving our gripes to one side for a moment, planning for Christmas now is a wise move – by taking just a few small steps each week, you can save yourself a ton of aggravation come December.

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Head in the cloud – 4 free online storage services

posted by Rory in Money maximising, Money saving Leave a comment

4 free cloud storage services

Don’t let the cloud go way over your head

Unless you’ve been living under a rock for the past few weeks you’ll have heard the ‘brouhaha’ about celebrity photos and the safety of online cloud storage.

Despite a few celebrity leaks we think that if you’re careful enough, cloud storage can be an easy, convenient and most importantly, cheap way to keep your personal computer files in a safe place.

Lots of us now use the internet to keep our precious memories safe, via “the cloud”. We often like to think of the cloud floating somewhere in cyberspace which works a bit like magic.

However there’s a whole range of different services and websites available and we want to make sure you can get your hands on truly free, safe, online storage without worrying about any of your private photos being leaked.

(And if you’re new to all of this then this link explains exactly what cloud storage is and how you can use it.)

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4 cheap ideas for kids’ packed lunches

posted by Laura in Budgeting, Childcare Leave a comment

4 cheap ideas for kids' packed lunches

Keep your kids happy with these fun and thrifty lunchtime treats!

Earlier this month, we heard the news that all school children between the ages of five and seven will now be given free school meals. The initiative is set to save families a whopping £437 per year, which is great news for anyone who’s eligible.

As well as saving money, it means fewer families will have to do the packed lunch dash each morning!

But if this initiative doesn’t affect your family, how can you make sure your kids are getting a healthy, nutritious meal without breaking the bank?

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Know your rights – August’s debt news

posted by Rory in Debt 1 Comment

Know your rights - August's debt news

Catch up with August’s debt news!

Is summer over already? How did that happen? It seems like only yesterday I was dragging a deckchair out of the shed in a vain attempt to get a tan.

I hope you parents out there have got those uniforms pressed and ironed for the kids going back to school this week!

If you’ve been busy looking after the kids or away on your jollies then here’s this month’s debt news courtesy of the MoneyAware team.

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