A financial management plan is an informal arrangement to repay debts you owe at a different rate than the agreed borrowing terms. The aim is to give you breathing space to sort out your debts if you are struggling fina… [More]

Many borrowers often put off seeking help with debt s worry about how a financial management plan will affect their credit score. A good credit score is important because the higher the score, the better deals lenders w… [More]

A fifth of over 55s retiring this year will have a debt millstone of £38,200 to repay from their pensions, according to pensions giant Prudential. This year’s new retirees are 15% worse off than their counte… [More]

Family debts like credit cards, overdrafts, personal loans and store cards have soared by almost half in a year – with the average household owing almost £8,000.  Inflation, the increase in VAT and low i… [More]

Working out your monthly disposable income correctly is one of the most confusing tasks for someone trying to sort out their debt problems. Whatever debt route you take, somewhere along the way your creditors – the peop… [More]

Borrowers with bank overdrafts are being driven in to debt by unfathomable charges when they bust their spending limits by just a few pence. Consumer champion Which? Claims bank customers are paying over the top charges… [More]

Debt problems are nothing to be ashamed as most people have a time in their life when they struggle with their finances – even the rich and famous. Take reality TV star Kerry Katona – she’s facing money troub… [More]

Money problems and calls to debt management companies traditionally increase in the New Year. One of the main confusions is exactly what a debt management company can do for someone facing a financial crisis. Many borr… [More]

Greedy lenders are cutting loan and card costs in a bid to entice borrowers struggling with their finances to take more credit. A range of personal loan and card offers have hit the high street as banks and building soc… [More]