Tag Archives: money advice service

Preparing for interest rate rises [infographic]

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With plenty of talk about interest rates going up in the near future, it’s important to know what steps you can take to prevent any increases in your mortgage payments tipping your finances over the edge.

We recently covered the basics of mortgage interest rate rises, telling you how this could affect you or your debt solution and tips on preparing for the changes.

And now research from the Money Advice Service (MAS) has found that almost half of households (47%) in the UK would struggle to cover their mortgage payments if there was a rise in interest rates.

To help explain things clearly and offer ways to save money, they’ve put together a helpful graphic to explain what could happen if the rates increased.

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Child benefit – what are you entitled to? [infographic]

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If you’re an expectant parent, it’s important to know what benefits are available during maternity and paternity leave, and beyond. After all, maximising your income really helps even when you feel you’re OK.

There’s lots of help and support available from the Government that’s specifically designed to help parents and families during this important time in your life.

To help make it clear what benefits are available to you, the Money Advice Service has created this really helpful infographic designed to show each benefit the Government provides, if you’re eligible, and how you can apply.

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Home-owners, the retired and women failing to seek debt advice

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Home-owners, the retired and women failing to seek debt advice

Home-owners, the retired and women failing to seek debt advice

New research out this week shows 8.8 million people around the UK are over-indebted. Unfortunately the report, from the Money Advice Service, shows only 17% of those struggling with debt are seeking advice about their difficulties.

So who isn’t seeking advice? Who do advice providers and Government need to seek out to offer more help and support with severe debt problems?

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