Tag Archives: debt advice

10 money mistakes we hear every day and how to avoid them

posted by in Saving money 1 Comment

10 common money mistakes

10 common money mistakes we see every day

I’ve yet to meet someone who hasn’t made a mistake with money at some point in their life. Whether it’s forgetting to cancel a direct debit or paying more than necessary for something, these sneaky slip-ups can happen to the best of us.

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My debt management company’s closed down – what can I do?

posted by in Living with debt 1 Comment

Don't suffer with debt anxiety alone

We can help you deal with your debts

Recently Debt & Claims Ltd (also trading as Grassroots Financial or GRF) were ordered to cease trading by the Financial Conduct Authority (FCA). They were also told to refund any client money they were holding and hand over a list of their clients to the FCA. 

We don’t know yet if the FCA will let Grass Roots begin trading again. But we do know that their website has disappeared and their clients are now being contacted by other fee-charging companies, including one called Angel Advance.

When you’re told your debt management company is no longer trading – with no website, no correspondence, not even a number to call for answers – what do you do next?

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5 great reasons to get out of debt

posted by in Living with debt 3 Comments

IVA tips

There’s no time like the present to deal with your debts

Over the years we’ve found that people want to get out of debt for a whole host of reasons.

From buying a house to being able to save up for a rainy day, there’s no one-size-fits-all motivation when it comes to debt advice.

Nobody likes problem debt, but sometimes we need a bit more encouragement to get going and make debt freedom a reality. If you’re done with being in debt but need some inspiration, would these help your resolve?

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Cheryl’s debt free story – a year on

posted by in Living with debt Leave a comment

Cheryl is one of our clients that we helped through the forums on moneysavingexpert.com and Debt Remedy. It’s been a year since she started her DMP with us. Let’s see how she’s getting on…

What a difference a year makes...

What a difference a year makes…

It’s been 12 months since I first contacted StepChange Debt Charity and what a 12 months it’s been. When you get yourself in such a pickle with debt problems, it can be hard to see a way out. Dealing every day with calls, letters and bills can put you in constant panic mode.

Imagine my relief when I was barely a month into my plan and suddenly free of hassle. It felt like a lightbulb had been switched on. I still remember however how I felt while setting up my debt management plan

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Are fixed energy prices a way to beat rising bills?

posted by in Budgeting Leave a comment

Fixed rate energy tariffs can freeze your bills until 2017

Fixed rate energy tariffs can freeze your bills until 2017

Fixed price energy tariffs offering price freezes until 2017 have been launched after it was announced prices are to jump 10% in the next two months.

Last week Scottish Power launched a three-year fixed tariff, these rival other long-term fixed deals such as EDF Energy’s offer extending to November 2016. Continue reading »

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Signs that your friend could be struggling with debts

posted by in Living with debt Leave a comment

You know your friend better than you think

You know your friend better than you think

Dealing with debt is difficult, and it can be distressing to know that someone you care about is experiencing money worries. The signs aren’t always clear however, and it’s even tougher if that person is trying to keep their debt to themselves.

If you suspect that someone you care about is in debt, keep an eye out for these tell-tale signs…

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How do I get out of payday loan debt? Find out in 5 steps

posted by in Living with debt 33 Comments

UPDATE: 1 July 2014 – new rules from the Financial Conduct Authority (FCA) means that payday loan companies:

  • cannot rollover an outstanding payday loan balance more than twice
  • must send the debtor an information sheet with contact details for various debt advice organisations. A copy of this information sheet can be seen here
  • cannot make more than two attempts to deduct money from a debtor’s bank account by means of Continuous Payment Authority (CPA) unless a rollover has been agreed.
  • Must now include a prominent risk warning on all financial promotions.
Payday loans neon sign

We can help you deal with payday loans

When people ask themselves “how do I get out of payday loans?” they’ll often think the answer is to pay one loan off with another. It’s not. This is an all too common problem that we see.

We know being in payday loan debt can be scary. If the repayment date looms and you can’t afford to repay, we can help. Follow these five steps to help deal with payday loans you cannot afford to pay.
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