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.
Understanding Overdrafts: UK Rules, Rights and Risks
What is an Overdraft? What is an Overdraft? An overdraft is a form of short-term borrowing that allows you to spend more money than you currently have in your bank account. In simple terms, it means your balance drops below zero, and you are effectively borrowing from your bank to cover the difference. Overdrafts are…
Pension Mis-selling and Complaints: Legal Overview
Understanding Pension Mis-selling and Complaints Understanding pension mis-selling and complaints is key to protecting your financial future. Pension mis-selling happens when you receive poor advice or are sold a pension product that isn’t suitable for your needs, often without being given all the information you need to make an informed decision. Common issues people face…
Unfair Debt Practices: Legal Overview for the UK
Understanding Unfair Debt Practices Unfair debt practices are actions by debt collectors or lenders that go beyond what is reasonable or lawful when trying to recover money owed. Common examples include persistent phone calls or visits that amount to harassment, adding charges that you do not actually owe, or giving you misleading or false information…
Payday Loans Explained: UK Rules, Risks and Safer Options
What Are Payday Loans? Payday loans are a form of short-term, high-cost credit designed to help people cover urgent expenses until their next payday. Typically, payday loans allow you to borrow small amounts – usually between £100 and £1,000 – which must be repaid in full, along with interest and fees, on your next payday…
Pensions and Bereavement: UK Legal Overview
Understanding Pensions and Bereavement When someone passes away, understanding what happens to their pension is an important part of managing their affairs. A pension is a way of saving for retirement, providing income later in life. After a bereavement, knowing how pensions work can help families and dependants access any benefits or payments they may…
Debt Purchasing and Your Data: Legal Overview
Understanding Debt Purchasing When you fall behind on payments to a bank, credit card company, or utility provider, your debt may be sold on to another company. This process is known as debt purchasing. Debt purchasing companies, often called debt buyers, purchase unpaid debts from original lenders – usually for less than the full amount…
How to Cancel a Credit Card Payment and Get a Refund
Understanding Credit Card Payments and Your Rights When you make a payment with a credit card in the UK, you’re not just using a convenient way to shop – you’re also gaining important legal protections. Understanding how credit card payments work, and what your rights are, is essential before you try to cancel or reverse…
State Pension: UK Legal Overview
What is the State Pension? The State Pension is a regular payment from the UK government, designed to provide a basic income for people who have reached the official State Pension age. This age is set out in the Pensions Act 2014 and can change based on government policy and your date of birth. The…
Harassment by Creditors: UK Legal Overview
What is Harassment by Creditors? Harassment by creditors happens when a creditor or debt collector uses unfair, aggressive, or persistent tactics to chase a debt. While creditors are allowed to contact you about money you owe, there are clear rules about what is acceptable. Harassment goes beyond reasonable attempts to recover a debt and can…
How to Choose and Apply for a Credit Card in the UK
Introduction to Choosing and Applying for a Credit Card Choosing the right credit card is an important decision that can have a lasting impact on your personal finances. Credit cards offer a flexible way to borrow money, make purchases, and manage your spending, but they also come with responsibilities and legal obligations. Before you apply,…
