Bankruptcy in Scotland

The word bankruptcy is enough to strike fear and loathing into any man or woman’s heart. Bankruptcy for many people is a sign of things gone wrong, a sign that says “the end of the line” in big bold letters. It’s a sign of close of business and mind boggling debt. Bankruptcy can be seen as a solution, or something to be avoided at all costs. Before considering bankruptcy, it helps to know exactly what it is you’re trying to… [Read More]

Managing Debt with Kids Part 2 – Making the most of family life whilst in debt

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Welcome to the second edition of Managing Debt with Kids – a three part series which addresses the challenges that parents face when raising a family alongside the heavy burden of debt. This article focuses on how to enjoy family life as much as possible whilst making sure that debt repayments are being taken care of. Raising a family these days can be pretty costly, especially if you need to factor in childcare costs or the loss of income if… [Read More]

The beginning of a Debt Management Plan

In this post I take a look at what happens when you are setting up a debt management plan with a Debt Management Company such as StepChange. The process is likely to be similar for other organisations as well. When you first get help with your debts, all of the different options available to you can be a bit overwhelming. This is worsened by the fact that you are typically already worrying about your debts. Mixing the two together means… [Read More]

Managing Debt with Kids Series: Part 1 Paying off debt with a family to support

Welcome to the first edition of Managing Debt with Kids – a three part series which focuses on the issues that parents could face if they have debt and a family to support. This first part looks at the challenges that come with supporting a family whilst having to make debt repayments and what you can do to help yourself in this situation. Being in debt can be tough to deal with at the best of times. But what if… [Read More]

Using Payday Loans when in Debt

As a former payday loan and credit addict I thought I would share my experiences of debt, and how payday loans made things worse. Payday Loans are a very expensive way to borrow money, but they obviously serve a purpose in society otherwise there wouldn’t be so many providers out there. That being said, using Payday Loans when you are already in debt is a recipe for disaster. Take it from someone who knows! The Problem with Payday Loans The… [Read More]

The best thing you can do when you are in debt is…

Debt Solutions

Get Help! I know that I sound like a broken record when I say this but it is true, getting help sooner rather than later is the best thing you can do when it comes to debt. You have two options, continue to ignore the issue or tackle your debt head on. You may have reservations about dealing with your debts, perhaps you are worried about talking to someone about it? At the end of the day though, the sooner… [Read More]