A collection of articles covering different aspects of debt in the UK, including credit, repayments, financial struggles, and ways to regain control of your finances.
In recent years a new type of credit has become extremely popular in the UK: Buy Now, Pay Later (BNPL) services such as Pay in 30 and Pay in 3. These products are offered by companies like Klarna, Clearpay and PayPal. At first glance they appear harmless. You buy something today and either: Pay the…
As many people live in fear of the next utility bill slamming through the letterbox, gas and electricity suppliers are counting their money. The Daily Express lists the 2012 profits of the Big 6 utility companies as: Scottish Power: profits £1.9 billion – prices up seven per cent. Centrica (British Gas): profits £2.7 billion –…
The latest generation of British workers is being dubbed the debt-eration, as new figures have revealed that six out of ten people in the 18 to 30-year-old age group are already trying to get out of debt. Many financial experts agree that the last five years have been among the hardest in living memory for…
You may feel like you are working harder than ever before and yet are still finding that you are struggle just to maintain the standard of living that you have always enjoyed. Putting more effort in should result in getting more rewards, but in a tough economic climate this is not necessarily the case. The…