It’s essential that if you do borrow money that you do it from a reputable provider, one that’s authorised by the Financial Conduct Authority (FCA) to lend money legally.
When used appropriately, credit cards can actually be quite helpful and, in fact, they can be used to build up a healthy credit score, which can be very beneficial for gaining access to other financial products, such as a mortgage.
The cost of living crisis is taking its toll on Britain’s so-called ‘Bank of Mum and Dad’, which first time buyers have relied on to help them afford a deposit.
We’ve recently started seeing a rise in calls from clients concerned about scam communications from creditors, bailiffs and the Financial Conduct Authority.
Here is what you need to know about debt purchasing, what your rights are and what to do if your debt has been sold on.
A new study has found that 38% of employees have used BNPL in the past, while 15% have plans in place to use it in the future. See more on the blog now.
Three-quarters of councils around England have plans in place to increase taxes by the maximum amount this month. Find out how to reduce your bills here.
It may be that the cost of living crisis is leading to an increase in debt advice scammers seeking to take advantage of people at their most vulnerable.
Though bills are starting to come down, they’re still much higher than they were before the pandemic and experts predict that they’ll stay high until the 2030s.
A new study has found that, on average, a family with a disabled child now has to pay £581 more per month than those with non-SEND children. See more here.
Research has revealed that 42% of people who are gambling at harmful levels believe it will improve their finances in the next 12 months. See more here.
Those of you looking for help with debt in Scotland right now may want to consider the debt arrangement scheme as a potential avenue to financial freedom.
When it comes to Scottish debt help, you are able to set up a debt repayment plan through a debt arrangement scheme.
If you’d like any further help or advice relating to payday loans debt advice, get in touch with us today.
When it comes to paying bills, it’s important to remember that some should be prioritised above others – and this includes your utility bills.
Research has revealed that mortgage lenders are bracing themselves for a rise in mortgage loan defaults in the first quarter of 2023. See more on the blog.
Economic abuse occurs when someone interferes with an individual’s ability to acquire, use and maintain resources like money, transportation and utilities.
With prices for nigh on everything rising steadily, it can be difficult to keep track of what money is spoken for and what is free to use.
The financial management support provided to older people, many of whom may not have the mental capacity to manage their funds, varies greatly. See more here.
1 in 4 households regularly find they don’t have enough funds to cover the essentials, with almost 40% saying they have no money left at the end of the month.
Credit cards can be useful financial tools – as long as you use them wisely. If you’re not careful, you run the risk of falling into credit card debt.
A trust deed is a form of debt management available to people in Scotland that allows those with debt over £5,000 to regain control over their finances.
If you’re facing financial difficulties, there are various debt solutions available to you depending on your specific set of circumstances. One potential solution is an administration order
If you have problem debt, the Breathing Space scheme can give you the time you need to regain financial control, with legal protections from creditors in place.
To help you claw back some cash so you can start saving, here are some top tips from the team here at Fresh Start.
New research from the National Institute of Economic and Social Research has found that household incomes will still feel the squeeze as the cost of living crisis continues to make its presence known.
If you have built up a bit of credit card debt, there are ways in which you can go about clearing it so you can get back in the black and ease your financial pressures.
The cost of living crisis may see growing numbers of households in fuel poverty, where it becomes unaffordable to heat or cool homes to suitable temperatures.
There are many different avenues you can go down when it comes to accessing the finance you need for various ventures and ideas you may have
If you are unable to pay your debts, whether that’s council tax or other priority bill. it’s possible that a bailiff will visit your home in order to collect the debt.
The study found that the households on the very lowest incomes are the ones struggling the most
If you are in debt, knowing that you aren’t alone and that there are solutions out there that can help you can ease your worries.
New research has now revealed that typical household disposable incomes for working families is on track to drop by three per cent this financial year.
Once the dust has settled and the order has been completed, what actually happens after you’ve declared bankruptcy?
There are several options available, some of which involve the courts, and each of them can be the right choice depending on your circumstances.
The likes of Klarna and Clearpay are fast becoming household names, providing retailers like Asos, Marks & Spencer and other big brands with the facility to offer BNPL.
The concept of debt security is one that is often obfuscated and misunderstood, but it is a very important aspect of debt to understand
Whenever you take on any type of debt, it’s generally advisable to do some reading and research first so you’re aware of the pros and cons.
Being aware of the different scams being used by criminals is a good idea, as it will help you be on your guard, while familiarising yourself with the warning signs is another way to ensure you won’t fall victim to fraud.
To help you work out whether an IVA would be the best solution for you and your situation, here are some FAQs about these agreements that may steer you in the right direction.
For people with a bad or limited credit history, payday loans can help them bridge the financial gap, but it’s important to know what you’re getting into before you sign on the dotted line.
People from all walks of life are struggling at the moment and, as such, may now resort to payday loans.
Without keeping account of everything, it can be very easy to overspend – but it can also be difficult to track everything, which is why budgeting can be a useful strategy to employ.
The most important fact to bear in mind when deciding between several possible debt solutions is that no two circumstances are entirely alike.
The last few weeks have seen a huge number of economic changes in the UK, with a mini-Budget published at the end of September and then, subsequently, being overturned.
Dealing with debt can be tough, but the good news is that there are many solutions out there made to help you get out of your debt.
If you are dealing with severe debt to the point of receiving final demands and phone calls, it can take an immense toll on your mental health.
Even the jobs market, where unemployment is presently at its lowest since 1974, is expected to deteriorate in the coming months.
Many people find it all too easy to spend money on their bank or credit cards, whether online shopping or…
As of 1st October, the UK Government’s Energy Price Guarantee will take effect, meaning that for the next two years a typical household will pay an average of £2500 per year
Fresh Start UK has been named as the Best Credit Counselling Service in northern England in the UK Enterprise Awards 2022.
Priority debts are the ones that should be focused on first, as they have the most serious and significant consequences if they are left unpaid.
Shoppers have waited a long time to be able to hit their favourite stores without having to face Covid-19 restrictions….
Millions of households in the UK are set to be hit hard by the cost-of-living crisis, with those on the lowest incomes having to spend a third more than they earn on their monthly outgoings.
According to the latest figures from the ONS, the consumer price index (CPI) increased by 10.1 per cent between July 2021 and July 2022.
It can be difficult to know what to do and where to turn if you are in debt and struggling financially, but it’s important not to ignore the problem, even if you’ve only missed one or two payments.
Money Helper has replaced the Money Advice Service and brings together the support and services of three government-backed financial guidance providers: the Money Advice Service, the Pensions Advisory Service and Pension Wise.