Tag Archives: debt problem

Infographic: the impact of money worries

posted by in Archive Leave a comment

Need to Sleep campaign house

How do money worries affect other aspects of life?

As part of our Need to Sleep campaign, you may have heard that 7.4 million people across the UK have problems sleeping because of money worries. But what exactly are people losing sleep over, and what effect does it have on their everyday lives?

Worrying about money causes untold distress that goes beyond finances. It affects our relationships with our friends, family and partners. It also affects our performance at work, our sense of stability for the future, and our happiness today. We’ve put together the infographic (below) to show you just how far the impact of money worries is felt across all aspects of people’s lives.

Continue reading »

Tags

The #debthour debt clinic – Tuesday 27th August

posted by in Archive 7 Comments

Fire over your debt questions to us!

Fire over your debt questions to us!

We’ve come to our final debt clinic this month where we answer your burning debt and money questions live, right here on the blog. 

Today our friendly debt geeks are on hand to answer your debt questions.

We aim to reply to every question straightaway. No debt question is too outlandish for us, so this is the perfect opportunity to clear up any worries you may have.

Recent questions we’ve answered include…

Continue reading »

Tags

Money, your relationship and Christmas

posted by in Living with debt Leave a comment

Don’t let debt ruin Christmas for you and your partner

Far from being the most wonderful time of the year, for some people Christmas can be the most harrowing, especially if you’re worrying about debt. Everyone seems to have their hand out, no one seems to want to help with Christmas dinner, and every little annoyance seems a hundred times bigger.

All that stress has many couples bickering over the most trivial things. Little spats are normal, but everyday rows can indicate trouble. If this sounds familiar then you may need advice from Relate, the UK’s leading relationship counselling service.

You might ask, what do relationships have to do with your finances? Relate have found that 80% of their clients are dealing with money worries. They then take their worries out on their partner, which just makes things worse.

We’ve put together a list of Relate’s best relationship remedies to help you stick together this Christmas and beyond…

Continue reading »

Tags

The Metro reports on payday loans

posted by in Archive Leave a comment

The Metro spells out the damage caused by payday loans with this infographic (click for larger image)

The Metro spells out the damage caused by payday loans with this infographic (click for larger image)

The Metro included this great debt infographic in their newspaper this morning, outlining the backgrounds and debt problems of many clients who come to us or Citizens Advice Bureau (CAB) for help.

Check it out: you’ll be astounded how deep the payday rabbit hole goes.

Some payday loan debt related stats that show the scale of the problem:

• 86% of payday loan users have a credit card, and 31% have maxed it out

• 173 people with 10 or more loans have come to StepChange Debt Charity for help in 2012 alone

• 7861 people aged under 40 who got in touch with us had payday loans

• 10% of cases seen by the CAB in the first quarter of 2012 involved payday loans, up from 1% three years ago

Continue reading »

Tags

Be frugal this Christmas: 10 thrifty Xmas tips

posted by in Budgeting 2 Comments

Be less stressed this Christmas

Be less stressed this Christmas

Hearing the Christmas songs in the shops and seeing the lights being switched on in your nearest town can bring a rush of excitement but for some the sound of “Wonderful Christmas Time” can bring shudders to the spine, and not just because of Paul McCartney’s singing!

The prospect of Christmas can strike fear into your heart when you’re on a budget, but our ten top tips will help you enjoy Christmas even if money is tight.

Continue reading »

Tags

How to stop debt collector phone calls

posted by in Living with debt 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 »

Tags

What should you do if you can no longer afford a CCJ?

posted by in Living with debt Leave a comment

If you can't afford it follow our advice

If you can’t afford it follow our advice

We all know that your budget can change often, which is why we recommend that you review it regularly. More often than not it’s because priority bills have increased which leaves you with less money available for other expenses.

This can be really worrying if you have a county court judgment (CCJ) as it’s important that you stick to the payment that you’ve agreed to avoid any further enforcement action. Continue reading »

Tags