Dealing with debt can feel overwhelming, but negotiating with creditors can be a powerful tool to regain financial control. Many creditors are willing to work with borrowers to create manageable repayment plans, reduce interest rates, or even settle debts for less than the full amount owed. Here is a step-by-step guide for UK borrowers on…
Managing finances in today’s economic climate can be challenging, and it’s easy to fall into debt traps that can spiral out of control. Recognising these pitfalls and understanding how to avoid them is the first step toward achieving financial stability. Below, we explore 10 common debt traps faced by UK residents and actionable strategies to…
For UK citizens facing mounting debt and financial challenges, deciding between an Individual Voluntary Arrangement (IVA) and bankruptcy can feel overwhelming. Both are powerful tools to resolve financial stress, but choosing the right option depends on your specific circumstances and goals. In this blog, we’ll explore the differences between IVAs and bankruptcy, their advantages, disadvantages,…
