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 a relationship counselling service.
You might ask, what do relationships have to do with your finances? Relate 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…
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posted by James in Budgeting
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.
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How to deal with creditor phone calls
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 »
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 »
When was your lightbulb moment?
When people realise that they can’t handle their money worries any longer and ask us for debt advice it’s often called “the lightbulb moment”. On Monday we celebrate this first and hardest step towards becoming debt free.
For many people who call us this moment is the first time they’ve opened up about their financial problems. The StepChange Helpline advisor is a voice of reason, trying to discover what the problem is and how to resolve it. Continue reading »
posted by Pavan in Archive
Switch on and don’t pay for your DMP
As we’ve mentioned many times, we offer debt management plans completely free of charge. We do hear from a lot of people that use other companies for their DMP, who realise that their full surplus could be going towards reducing their debts rather than paying a percentage as a fee.
As debt management plans aren’t legally binding in any way you are free to cancel at any time. So if you choose to switch provider you should be able to do this easily. Continue reading »
UPDATE 5 April 2016: This article was originally published in December 2011. The bankruptcy application process for people living in England, Wales and Northern Ireland changed in 2016.
This week we’re investigating bankruptcy, to tie in with our new guide to personal bankruptcy. Today we’re looking at the myths that have grown around bankruptcy.
Bankruptcy doesn’t always mean an empty wallet
Bankruptcy is often a word that scares people. There are many myths surrounding it and a lot of these are widely believed by people looking for debt solutions.
When we recommend bankruptcy as the ideal solution our debt advisors are often met with the same set of questions; these questions are usually coloured with bankruptcy myths that people wrongly believed to be facts.
In this blogpost we’ll try and dispel the top 8 myths…
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