I overspent for many years, then an unforeseen calamity forced me and my husband to deal with a crippling debt. We were forced to enter into an Individual Voluntary Arrangement (IVA) to clear our debts. Those five years taught me a LOT about myself, my attitudes and behaviour towards money, budgeting and spending, and about […]
Bankruptcy 101: How Do I Declare Bankruptcy
Welcome to our Complete Guide to Bankruptcy Series. In this series, you can read our guide to everything you need to know about bankruptcy to help you make an informed decision. Join us so you don’t miss any post in this series. You may have heard that bankruptcy is one way to sort out your […]
Bankruptcy 101: What is Bankruptcy?
Welcome to our Bankruptcy Series – the first of many series to come. Here you can read our guide to everything you need to know about bankruptcy but were too afraid to ask. So be sure to join us so you do not miss any post in this series. If you’re in debt and can’t […]
5 Practical Tips for Managing Your Debt – A Really Short Guide
In spring 2016, the average household debt in the UK stood at £54,597, and that figure is rising year on year. Although that figure does include some mortgage debt, a large proportion of it is personal loans, overdrafts, and credit cards. Put simply, we are borrowing substantially more than we earn. Having debt is normal, […]
How Should I Borrow from Family and Friends without Losing the Love
The idea of asking for a handout from family or friends would make most of us run for the hills. But if done right, getting a loan from loved ones can be a cost effective and convenient way of borrowing. There are many reasons why people choose to avoid banks, credit cards and other lenders […]