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.
Debt Solutions: Alternatives to Bankruptcy Explained
Understanding Alternatives to Bankruptcy When facing overwhelming debt, many people worry that bankruptcy is their only option. However, bankruptcy is a serious legal process with long-term consequences, including the potential loss of assets and a significant impact on your credit rating. For these reasons, it’s important to understand what it means to avoid bankruptcy and…
Rent Arrears: Your Rights and What to Do If You Owe Rent
What Are Rent Arrears? Rent arrears refer to any unpaid rent that a tenant owes to their landlord. This situation arises when a tenant fails to pay all or part of their rent by the agreed date specified in their tenancy agreement. Even a single missed payment can result in rent arrears, which can quickly…
State Pension Age: UK Legal Overview
What is the State Pension Age? The State Pension age is the earliest age at which you can start receiving your State Pension from the government. This age is not fixed for everyone – it depends on your date of birth and is set by the UK government, taking into account factors like life expectancy…
How to Recognise and Stop Harassment by Bailiffs
What is Harassment by Bailiffs? Harassment by bailiffs happens when a bailiff uses unfair, aggressive, or threatening behaviour while trying to collect a debt. In the UK, bailiffs (also known as enforcement agents) must follow strict rules set out in laws such as the Tribunals, Courts and Enforcement Act 2007 and detailed guidance from the…
Understanding Bankruptcy Administration and Trustee Roles
What is Bankruptcy Administration? Bankruptcy administration is the legal process of managing and distributing a person’s assets after they have been declared bankrupt. This process ensures that what the individual owns – such as property, savings, or valuable possessions – is collected, valued, and used to repay as much of their outstanding debts as possible.…
Tax Arrears Explained: What to Do About Unpaid Tax
Understanding Tax Arrears Understanding Tax Arrears Tax arrears refer to unpaid tax payments that are overdue to HM Revenue and Customs (HMRC). When you fail to pay the full amount of tax you owe by the deadline, the outstanding balance becomes tax arrears. This situation can arise with various types of taxes, including income tax,…
State Pension Eligibility and National Insurance
Understanding State Pension Eligibility To qualify for the UK State Pension, you need to meet specific eligibility criteria set out by the government. The State Pension is a regular payment from the government that you can claim when you reach a certain age, provided you have made enough National Insurance contributions or received credits during…
Dealing With Persistent Calls, Texts and Doorstep Visits
Understanding Persistent Contact from Creditors Persistent contact from creditors refers to repeated attempts to get in touch with you about an outstanding debt. This can happen through various channels, such as phone calls, text messages, or even visits to your home – often called “doorstep visits.” While creditors have the right to contact you to…
Bankruptcy Effects and Discharge
Understanding Bankruptcy Effects Understanding Bankruptcy Effects Bankruptcy is a legal process in the UK designed to help individuals who cannot pay their debts. When you are declared bankrupt, your financial situation changes significantly, and there are important legal consequences to consider. Understanding these effects can help you make informed decisions about your future. What Does…
Dealing with Threats and Aggressive Language from Creditors
Understanding Threats, Intimidation and Aggressive Language by Creditors When dealing with debt collection, it’s important to understand what counts as threats, intimidation, and aggressive language from creditors. These behaviours go beyond firm requests for payment and can have serious effects on your wellbeing and rights. What Constitutes Threats, Intimidation, and Aggressive Language? Creditors cross the…
