Category: Money and Debt
“Money and Debt” articles dive into all things financial and legal, tackling the nitty-gritty of money matters and debt dilemmas. From understanding how to manage debt and dealing with creditors to knowing your rights as a consumer and navigating tricky financial contracts, these articles cover it all. Whether you’re looking for tips on consolidating debt or need advice on bankruptcy, this category has you covered with straightforward insights and practical advice to help you handle your money matters wisely.
Buy Now Pay Later: How BNPL Works and Your Rights
What is Buy Now Pay Later (BNPL)? What is Buy Now Pay Later (BNPL)? Buy Now Pay Later (BNPL) is a type of payment option that allows you to spread the cost of a purchase over a set period, rather than paying the full amount upfront. With BNPL schemes, you can buy goods or services…
How to Prevent Vehicle Repossession by Bailiffs in the UK
Understanding Vehicle Repossession Vehicle repossession in the UK is a legal process where a bailiff or enforcement agent takes your vehicle to help recover unpaid debts. This usually happens when you fall behind on certain types of payments, such as unpaid court fines, council tax, or parking penalties, and other attempts to collect the debt…
Credit Cards: UK Legal Overview
Understanding Credit Cards in the UK Credit cards are a common way to borrow money in the UK, letting you buy goods or services now and pay later. When you use a credit card, you are effectively borrowing from the card provider, with the agreement that you will repay what you spend – often with…
Bailiff Right of Entry: When Can They Legally Enter?
Understanding Bailiff Right of Entry Understanding Bailiff Right of Entry When you owe money and haven’t paid, creditors may send bailiffs (also known as enforcement agents) to collect the debt. The term “right of entry” refers to the legal circumstances under which bailiffs are allowed to enter your home or business premises to recover what…
Borrowing Money: UK Legal Overview
Introduction to Borrowing Money Borrowing money in the UK means entering into a legal agreement where you receive funds from a lender – such as a bank, building society, or credit provider – with the promise to repay the amount, usually with interest. Common reasons people borrow include buying a home, covering unexpected expenses, funding…
Loans: UK Legal Overview
What Are Loans? A loan is a legal agreement where you borrow a sum of money from a lender and agree to repay it, usually with interest, over a set period. In the UK, loans are governed by laws such as the Consumer Credit Act 1974, which sets out important rules to protect borrowers and…
What Fees Can Bailiffs Charge? Your Rights Explained
Introduction to Bailiff Fees Introduction to Bailiff Fees Bailiffs, also known as enforcement agents, are individuals authorised to collect certain types of debts in England and Wales. They may be instructed by courts, local authorities, or private creditors to recover unpaid debts such as council tax arrears, court fines, or outstanding business rates. Bailiffs have…
Debt Collection and Enforcement: UK Legal Overview
Understanding Debt Collection and Enforcement Debt collection and enforcement refer to the processes used to recover money owed when debts remain unpaid. In the UK, this can arise from a variety of situations, such as outstanding utility bills, personal loans, credit cards, or unpaid court fines. When you fall behind on payments, the original creditor…
Bailiff Risk Assessments: Your Rights and How to Prepare
What Are Bailiff Risk Assessments? What Are Bailiff Risk Assessments? Bailiff risk assessments are checks that must be carried out by bailiffs before they visit your home to collect a debt. These assessments are designed to identify any factors that could affect the safety of both you and the bailiff during the visit. By law,…
WASPI and State Pension Age Changes: Your Rights Explained
Introduction to WASPI Introduction to WASPI WASPI stands for Women Against State Pension Inequality, a campaign group formed to address the impact of changes to the State Pension age on women born in the 1950s. The campaign began in response to government decisions in the 1990s and 2000s that increased the State Pension age for…
