Questions about Debt answered by someone who has experience of being in debt.
Payday Loans are a short term loan which you pay back on your next pay day. Typically you will pay between £25 and £30 interest per £100 borrow each month. It can be quite an expensive way to borrow money and so you need to be sure you can pay yours back comfortably on your…
A Debt Management Plan is one of the available solutions for Debt problems. A Debt Management Plan is an informal arrangement between you and your creditors. Why would you choose a Debt Management Plan then? This post looks at why you would choose one and also provides information on the drawbacks of a Debt Management Plan. Why choose…
When it comes to what your creditors can do when you are in debt, there are a lot of misconceptions and conflicting information out there. In this post I look at what a creditor can and can’t do when you are in debt. OK, so what can your creditors do when you are in Debt?…
So you are wondering how you can get out of debt are you? Well it is possible, even if you think that your situation is beyond help. Good on you for trying to find out a solution and welcome to the first steps of you becoming debt free. This blog is dedicated to debt because…
Can you get Creditors to Freeze Interest and charges? The answer to this question is that there is no guarantee that you can. When you are on a Debt Management Plan, most of the time you should find that interest and charges are frozen. However that is not always the case. The problem is that…
When you are in Debt and you are behind with your payments, your phone will often start ringing throughout the day. It can be a stressful time especially if you have a large number of debt collectors chasing you for payment. Add on all the letters you receive and the situation can seem overwhelming. This…