Tag Archives: debt management plans

Know your rights: June’s debt news

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What a month we’ve had in the world of debt news! It’s been a pretty hectic few weeks, from warnings about identity theft and changes to our credit files, to debt management companies closing down and Wonga launching its new look.

If you’ve not had chance to keep up with it all, don’t fear! This bumper debt news post will get you right up to date.

What are you waiting for?! Grab a cuppa, stick your feet up, and have a read…

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Know your rights – June’s debt news

posted by in Budgeting, Debt news 3 Comments

Know your rights

Roll up for the latest debt news!

In the middle of June England kicked off their World Cup campaign in Brazil. A week later they were on the plane back home.

If you were too busy putting up and taking down St George’s flags to catch the news, here are all the top debt stories you may have missed. Continue reading »

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5 dos and 5 don’ts that could help make your DMP a success

posted by in Budgeting, Debt news 1 Comment

Our Client Support team have the inside track on what our clients ask, and worry about, every day.

5 dos and 5 don'ts

5 dos and 5 don’ts for DMP success

Starting a debt management plan (DMP) can be daunting, but there are practical things you can do to help make your life easier. There are also things you should avoid, to help things run more smoothly.

I spend most of my days talking to people on DMPs and helping them to deal with the unexpected costs that can crop up. If you follow these straightforward dos and don’ts it should make your life much easier!

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7 ways to use the web and pay off your DMP quicker

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The pennies soon turn into pounds

The pennies soon turn into pounds

Whether you’ve been on your debt management plan for some time or you’ve just recently started, it can be a big relief to know that your debts are being chipped away at each month. What a contrast to how things were before you first got in touch with us.

You may be starting to wonder however if there’s any way you could get your debt management plan paid off sooner. Let’s take a look at how the web can help you get your DMP paid off quicker!

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How to stop debt collector phone calls

posted by in Budgeting 10 Comments

How to deal with creditor phone calls (click for full size)

How to deal with creditor phone calls (click for full size)

If you’re on an informal debt solution such as a debt management plan (DMP) or you’re making token payments, your creditors can continue to contact you.

It’s likely that they’ll try to get more money from you, hoping that you’ll buckle under the pressure despite what you can afford to pay. Remember that your priority bills and living expenses come before your creditors, so create a budget to work out how much you can pay.

It’s important that you stick to the arrangement that you’ve already made, especially if you can’t afford to pay any more. Continue reading »

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On a DMP? Avoid the temptation of an extra loan

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Payday loans neon sign

Avoid the temptation of payday loans

We all know how difficult it can be to manage a budget. Putting it together can be a struggle but making sure that you stick to it month after month is more of a challenge.

We’ve given tips on how to create and stick to a budget but we know it’s easier said than done.

Recently we asked people on Facebook how well they budget and the responses varied from having spreadsheets and knowing exactly where every penny has gone, to not having a clue (I’ve got to confess I was one of the latter!). Continue reading »

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9 indisputable debt facts

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This page contains information about debt solutions available in England, Wales and Northern Ireland. Debt advice in Scotland involves similar but different solutions. Before considering an IVA as a debt solution, please make sure you fully understand the risks involved when entering an IVA.

Facts not fiction

Facts not fiction

Debt law can easily be mis-understood, below are 9 things people often get confused about.

We’ve made sure that these are the facts, and that they shouldn’t be confused with debt fiction or debt myths.

Fact: Your credit rating is based on you, not someone living with you

Your credit rating is based on you as an individual and is not affected by anyone you live with or share a property or postcode with, unless you have any joint accounts or have acted as a guarantor. This article has more information about how your credit report works. Continue reading »

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