As of June 2026, my total debt now sits at £36,760.74 before June’s payments. After making the June payments, the total balance reduces to £35,749.42. Most of this debt is still being repaid through a self-managed Debt Management Plan, where I make monthly payments directly to creditors or to the debt collection agencies managing the…
Debt consolidation can sound like the sensible option when your finances are stretched. One loan. One monthly payment. Everything tidied up neatly in one place. That is often how these loans are marketed, and in some situations debt consolidation can genuinely help. But it can also be risky, especially where the new loan is expensive,…
If you’re struggling with credit card debt, one question eventually comes up: “What actually happens if I stop paying?” It’s not always a sudden collapse. It’s a process. Understanding that process can help you: Avoid making things worse Know what to expect Make better decisions early Here’s a realistic timeline of what happens when credit…
Checking your credit file is one of those things that is easy to put off. You assume the information being reported is correct, especially when it relates to accounts that have already defaulted or been passed to a debt collection agency. But my experience with BetterBorrow, Chetwood Financial and Cabot shows why that assumption can…
If you’ve got a default on your credit file, you’re probably wondering: “Is getting a mortgage even possible?” The short answer is: yes, you can get a mortgage with defaults, but it depends on how recent they are, how many you have, and how much they’re for. Let’s break it down properly. What Is a…
If you have bad credit, getting a mortgage can feel much harder than it should. Maybe you have missed payments, defaults, a CCJ, payday loan history, a debt management plan, or simply a low credit score. Whatever the reason, it is easy to assume that a mortgage is completely out of reach. The good news…