If you live in Scotland and are struggling with debt, try not to panic, there is always a solution to your problems, and facing up to your money problems is the first step in reaching that solution. The first step in bringing your finances under control is to make a list of all your debts. [...]
Payment protection insurance, also referred to as PPI, Accident, Sickness and Unemployment cover (ASU), Account cover, or Payment cover, is a form of insurance that covers the cost of monthly repayments on debt such as mortgages, loans, credit cards, storecards, and catalogues if you are unable to work due to illness or accident, or if [...]
In the current climate, many people are struggling to pay off several large debts, with some barely affording to meet the minimum payments. The danger with this is that the minimum payment barely covers the monthly interest on a debt, meaning the actual balance only goes down by one or two pounds a month. Of [...]
Following years of cheap and easy credit, we are now experiencing an ever-deepening recession, and, as a result, many people are struggling with unprecedented amounts of debt. Peter McGahan, Managing Director of Worldwide Financial Planning, advises: “Ensure you pay off debts that have the highest interest rate first. Also, remember to pay bills that are [...]
The Government is to introduce Debt Relief Orders on the 6th April 2009, and these are to assist people with high levels of debt who have no possible means of paying their debts off (i.e. they have exhausted all other options). Debt relief orders offer an alternative to bankruptcy at a lower cost: bankruptcy costs [...]
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