posted by Becca in Living with debt Leave a comment
Did you hear the one about ‘writing off up to 80% your debts’? We have too. Unfortunately some of the myths about Individual Voluntary Arrangements (IVAs) can have very little to do with the reality.
These myths can confuse people considering an IVA as a solution to their debt problems, and those living on one. We’re here to help.
Let’s look at the most common misconceptions about IVAs and the facts behind the myths:
As well as providing debt advice, we regularly produce research into personal debt trends in the UK.
The Statistics Yearbook, released twice a year, is one of the most important pieces of research our policy team produce, and the 2016 edition is released today.
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Animated pictures of cats are the lifeblood of the internet. It seems like everyone loves a cat GIF.
So we’ve decided to embrace our feline friends and consider the lessons we can learn about our finances from cats.
So your debt management plan (DMP) has been ticking over nicely. Hopefully your creditors have stopped or reduced contact with you and you’re budgeting like a pro.
But we know that this isn’t always the case; kids grow older, bills go up, and your situation can change and adapt.
Reviewing your situation every year, and when things change, can ensure that your DMP is working as it should.
posted by StepChange MoneyAware in Living with debt Leave a comment
“The greatest lesson I’ve learned from working for StepChange is that the sooner you seek help and speak to someone about your debt, the sooner you’ll start to feel better about the situation.” Helpline advisor
Our advisors are always here to help
We asked our advisors to write to callers they’d just spoken with, or previous clients that had stuck in their mind for one reason or another.
Asking for help can be one of the hardest things to do. So it’s not surprising that they had a few words of encouragement to share with callers old and new.
Our advisors speak to thousands of people each week and are trained to give expert, impartial debt advice. That doesn’t mean they’re not human though, sometimes a caller’s clientstory can hit a nerve or they experience the frustration of knowing someone won’t follow up on the advice offered.
Talk about cash without the conflict
Our Need to Sleep campaign highlighted that 7.4 million people across the UK have trouble sleeping at night because of money worries. As well as affecting your sleep, it can impact on your health, job, and relationships. In fact, almost 30% go on to say that worrying about their financial situation affects their relationship with their partner or spouse.
That’s why we’ve invited Anjula Mutanda, ambassador for the relationships service Relate to give us her top tips to talk about cash without causing conflict. Take it away, Anjula!
