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.
Managing Debt: UK Legal Overview
Introduction to Managing Debt Managing debt means taking control of what you owe and making informed decisions to keep your finances on track. It’s about understanding your financial commitments, knowing your rights, and exploring the best ways to handle debt before it becomes overwhelming. Debt can arise for many reasons – unexpected expenses, changes in…
How Breathing Space Moratorium Protects You From Bailiffs
What is a Breathing Space Moratorium? A Breathing Space Moratorium is a legal scheme in the UK designed to give people struggling with problem debt a temporary pause from most types of debt enforcement action. Introduced under the Debt Respite Scheme (Breathing Space Moratorium and Mental Health Crisis Moratorium) Regulations 2020, this tool can provide…
Pensions and Retirement: UK Legal Overview
Understanding Pensions and Retirement in the UK Pensions play a crucial role in planning for your retirement, providing financial support when you stop working. In the UK, pensions are not only a way to save for the future, but they are also protected by a strong legal framework designed to safeguard your rights and ensure…
How to Apply for a Stay of Enforcement on Bailiffs
Understanding Court Applications to Stay Enforcement Understanding Court Applications to Stay Enforcement A court application to stay enforcement is a legal process that allows you to ask the court to temporarily pause bailiff actions taken to recover a debt. In practical terms, a "stay of enforcement" means that any steps bailiffs might take – such…
Unfair Debt Practices: UK Legal Overview
What Are Unfair Debt Practices? Unfair debt practices refer to actions by debt collectors or lenders that go against the rules set out to protect consumers in the UK. These practices are prohibited under laws such as the Consumer Credit Act 1974 and guidelines from the Financial Conduct Authority (FCA), which regulates how financial firms…
How to Negotiate a Payment Plan With Bailiffs Safely
Understanding Bailiffs and Your Rights Bailiffs, also known as enforcement agents, are individuals authorised to collect certain types of debts on behalf of creditors. Their main role is to recover money owed after a court order has been issued, such as for council tax arrears, unpaid fines, or other civil debts. Unlike debt collectors, bailiffs…
Your Guide to Bank Charges, Interest and Your Rights
Understanding Bank Charges Understanding Bank Charges Bank charges are fees that your bank may apply for providing certain services or when specific conditions are met on your account. These charges can vary depending on your bank, the type of account you hold, and how you use your account. Understanding these fees – and your rights…
How to Report a Debt Scam and Protect Your Rights
Understanding Debt Scams A debt scam is a type of fraud where criminals pretend to be legitimate debt collectors in order to trick you into paying money you don’t actually owe. These scams can be sophisticated, with fraudsters using convincing tactics to pressure or frighten you into making payments. Understanding how these scams work is…
How to Make a Complaint About Your Bank in the UK
Understanding Banking Complaints Understanding Banking Complaints Banking complaints arise when customers are unhappy with the products or services provided by their bank. Common issues include incorrect charges on your account, problems with payments or transfers, poor customer service, delays in processing requests, or disputes about fees and interest rates. Sometimes, more serious concerns such as…
Forced House Sale Explained: Your Rights and How to Avoid It
What Is a Forced House Sale? What Is a Forced House Sale? A forced house sale is a legal process in the UK where a homeowner is required by a court to sell their property, usually to repay outstanding debts. Unlike a voluntary sale, where the homeowner chooses to put their property on the market,…
