Category: Debt

For many, the word ‘bankruptcy’ strikes fear into the heart of their financial world. However, Stephen Gold, a retired judge and seasoned author, offers a different perspective. Through a new four-part guide in ThisIsMoney, Gold details the potentially liberating journey of bankruptcy for those drowning in debt. Bankruptcy: Not the Social Pariah It Once Was…

Mounting debts — the words alone can strike fear into the hearts of hard-working folks across the UK. Credit cards, personal loans, overdrafts — you name it, they’ve got it. And with those debts come not just a financial pinch, but a hefty weight on mental health and overall wellbeing. On WhatMortgage, Ranald Mitchell breaks…

In a startling revelation, the Money and Pensions Service (MaPS), a government-backed body, has disclosed that a staggering 16 million people across the UK have missed payments on crucial household bills in 2023. Alarmingly, for over two million individuals, this year marked the first time they failed to meet their financial obligations, highlighting a growing…

The past few years have seen a surge in households reaching out for debt advice as the cost of living crisis bites hard. It’s a thorny issue, and many find themselves unsure of how to deal with their growing financial obligations. If you’re floundering in murky monetary waters, you’re not alone, and there’s professional guidance…

As the chilly breath of winter approaches, a concerning number of British households are facing the cold reality of energy debt. Recent findings indicate a sharp rise in the number of homes owing money to their energy providers, painting a stark picture of the financial strain many residents are experiencing. Alarm Bells: Debt Figures on…

British television’s financial wizard, Martin Lewis, the founder of the Money Saving Expert website, recently went back on air presenting an extraordinary edition of the Martin Lewis Money Show. The main theme of this special episode was mental health, particularly focusing on its intersection with money management, and crucially, ways to evade the trap of…

In the hustle and bustle of daily news, mortgage interest rates often grab headlines. Yet, an insidious debt problem is bubbling under the surface, affecting millions across the country. This isn’t about big banks or skyscrapers in London. It’s about everyday people struggling to keep the lights on and a roof over their heads. The…

When Gillian Walley, from Barnsley, South Yorkshire, signed up for a comprehensive TV and broadband package with Virgin Media O2, she didn’t expect the stress and sleepless nights that followed. She contacted The Sun’s Squeeze Team for help. A Package Deal Turns Sour Gillian took up the Ultimate Volt bundle offer by Virgin Media O2…

Recent reports highlight a significant spike in Scottish residents seeking debt advice. Let’s delve into what this means for the community and how you can navigate financial worries. A Summer of Soaring Calls Over the recent summer months, Scotland has witnessed an alarming rise in residents seeking advice for debt and money concerns. The data…

A recent study conducted by equity release provider Hodge has found that more older customers are using their mortgages for debt consolidation purposes. The number of people using their 50+ mortgage funds for this reason has doubled in 2023, while the number of customers using the funds for home improvements has decreased. This shift in…