Monthly Archives: November 2016

The MoneyAware retro treats and desserts challenge!

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Whether it’s cake at Nan’s or custard-topped desserts in the school canteen, pretty much everyone has a favourite treat that makes them all nostalgic.

It’s normal to get a hankering for something sweet every now and then. So, with this in mind, the MoneyAware team wanted to find out what retro treats and desserts were easy and cheap to make. There’s bound to be something below that takes your fancy!

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18 smart and easy ways to save money

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Saving money is something that we can all get on board with. There are lots of ways to watch the pennies, it’s just a case of spotting them. 

Moneymagpie’s Jasmine Birtles stopped by the blog to share some top tips on how the whole family can save a few pounds… 

You may be thinking ‘everyone says how easy it is to save money, but putting it in practice is another thing altogether’. The good news is that you can save money the minute you get out of bed and start getting ready for the day. This is how a thrifty life is lived – baby steps, little by little, every day.

Once you know your own budget and needs, there’s a whole wealth of ways you can supercharge your savings. For now, let’s take a look at some thrifty tips that are so crafty you might just feel hoodwinked into saving money!

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November’s debt and money news

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It’s time for debt news again! As usual, things have been happening. Money things. Debt things. Things for us to report to you.

What can be expected from this month’s round up? Payday loans are causing problems, married couples are missing out on tax allowances, and we’re getting a new pound coin.

That’s not all though. Voucher scams, benefits caps and a debt collection company writes off millions of pounds worth of debt. Well, I did say things had been happening! There’s a lot to catch up on, so you’d better read on…

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Are payday loans still a problem?

posted by in Living with debt Leave a comment

Back in 2013 the payday loan market was booming. Chirpy jingles and TV puppets were advertising quick cash solutions to get you through those last few days before payday.

Many people saw payday loans as a quick and easy way to get cash for unexpected expenses. The trouble was payday loans often caused more problems than they solved.

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Debt collection company refunds & writes off £414m

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The Financial Conduct Authority (FCA) has announced that Motormile Finance, a debt purchasing and collections company, has agreed to write-off £414m of debt for over 500,000 of its customers for past failures in its collections process.

The redress will consist of £154,000 in cash payments to customers and the writing-off of £414m of debt where the firm’s been unable to provide evidence that the balance of a debt is correct and properly due to be repaid.

Bradford-based Motormile Finance are also known as MMF, MMF Debt Purchase and MMF UK.

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