Rent-to-own – what are the alternatives?

posted by StepChange Debt Charity in Living with debt Leave a comment

Rent-to-own

Rent to own now, keep paying much, much later?

The End Child Poverty (ECP) coalition has launched a campaign, which we’re supporting, to protect people who are paying way above standard prices for basic household goods through rent-to-own companies, such as BrightHouse or Perfect Homes.

The ECP coalition found,with the help of insights from our clients, that people are paying as much as three times more when using weekly payment schemes compared to the standard price paid for goods up front.

To help you avoid paying over the odds to furnish your home, we’ve put together some alternatives – along with some shocking facts about right-to-own.

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6 changes I made to save money on my supermarket shopping

posted by Jenny S in Budgeting Leave a comment

During a recent cash flow crisis, I decided to stop making unnecessary purchases. I thought I was being sensible, but the money in my current account was dwindling away at an alarming rate.

I couldn’t understand how I was spending so much, when the only time I spent money was at the supermarket.

All those quick trips to get a “few things for tea” were mounting up.

I had to completely change my approach to food shopping. Along the way I learned some useful lessons the hard way. Here are six things I changed that meant I could stick to a grocery spending budget.

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MoneyAware news: October 2017

posted by StepChange MoneyAware in Debt news Leave a comment

New CCJ rules come into effect offering better protection, interest rate rises could affect mortgage costs, and our latest stats show a worrying increase in personal debt levels.  

Here are this month’s most important debt and money news stories…

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How to save money on Sky, Virgin and other TV packages

posted by Rory in Saving money 3 Comments

Paying for TV subscriptions like Sky, Virgin, BT or TalkTalk can be expensive for some, especially when you’ve got bills and debts to repay. But this doesn’t always mean sacrificing your regular movie and TV marathons.

There are plenty of cheaper alternatives and tips to reduce your existing TV packages to help you save money. Here’s a few from our own experience.

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How to dress as a scary zombie for Halloween on a budget

posted by Emily Parkman in Saving money Leave a comment

It’s that time of the year again. Kids are back in school, the days are getting shorter, the leaves are turning brown, and…you know what that means? Spooky, scary costumes!

Halloween fancy dress costumes can be very expensive, but you can have fun making your own grisly, ghoulish costumes – ones that’ll be much better than the ones found in the shops – using things already around the house. Best of all, it’ll cost you very little to get an authentically creepy Halloween look.

You can use the tips below to transform yourself into a range of spooky beings (witches, wizards etc.) and especially for zombie costumes – you’ll freak your friends out.

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New CCJ rules – know your rights

posted by Charley in Living with debt Leave a comment

From 1 October 2017, new rules around debt collections and what creditors need to do before applying for court action came into effect.

There’s now an extra step creditors must take before starting any County Court judgment (CCJ) proceedings.

But what does it mean for you? Creditors now have to send you an additional letter before going to court. Don’t worry – we read through a pretty hefty protocol document so you don’t have to, and wrote down all the important bits. You can thank us later!

bank loan and credit card statements

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What happens if I win the lottery while I’m in debt?

posted by Rachel in Living with debt 2 Comments

Many of us daydream about winning the lottery one day, and all the things we’d spend the winnings on. But what happens if you win the lottery while you’re on a DMP, IVA or have gone bankrupt? 

The chances of winning the lottery are approximately 1 in 14 million. However, many of our clients still opt to try their luck in case their numbers come up.

However, what would happen if you were on an informal or formal debt plan and you won some unexpected cash? Well, it’s a hard one to answer concisely, as different debt solutions are affected in many different ways…

hands in the air

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