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.
Property Charging and Forced Sales: UK Legal Overview
Introduction to Property Charging and Forced Sales When you owe money and do not pay, a creditor may ask the court for a charging order. A charging order is a legal tool that secures a debt against your property, such as your home or land. This means the creditor registers an interest in your property,…
Flexi-Access Drawdown: Flexible Pension Options Explained
What is Flexi-Access Drawdown? Flexi-access drawdown is a way to access your pension savings flexibly once you reach the minimum pension age, which is usually 55 (rising to 57 from 2028). Unlike traditional pension options, flexi-access drawdown gives you control over how and when you take money from your pension pot. Instead of being locked…
Stopping Bailiffs: Legal Overview
Understanding Bailiffs and Your Rights Bailiffs, also known as enforcement agents, are individuals authorised to collect certain types of debts on behalf of courts or creditors. Their main role is to recover money owed, which can sometimes involve visiting your home or business to take control of goods. If you’re unsure who bailiffs are, it’s…
How to Take Tax-Free Cash From Your UK Pension Safely
What is Taking Tax-Free Cash? When you hear about “taking tax-free cash” from your pension, it refers to the option to withdraw a portion of your UK pension savings as a lump sum without paying tax on that amount. This is sometimes called a “pension commencement lump sum” or simply “tax-free lump sum.” For most…
How a CCJ Can Affect Your Ability to Rent a Home
What is a County Court Judgment (CCJ)? A County Court Judgment (CCJ) is a type of court order issued in England, Wales, and Northern Ireland when you owe money to someone and fail to repay it as agreed. If a creditor takes you to court over an unpaid debt and the court finds in their…
How to Complain to The Pensions Regulator (TPR)
What is The Pensions Regulator (TPR)? The Pensions Regulator (TPR) is the UK’s official body responsible for overseeing workplace pension schemes. Established under the Pensions Act 2004, TPR’s main role is to make sure that employers and those running pension schemes meet their legal duties, and that pensions are managed properly and fairly for everyone…
How to Claim Compensation for Unfair Debt Collection
Understanding Your Rights Against Unfair Debt Practices When dealing with debts, it’s important to know your rights and recognise when a creditor or debt collector is acting unfairly. Unfair debt practices are behaviours or tactics used by creditors or collection agencies that go against legal rules or ethical standards. These practices matter because they can…
How to Spot and Challenge Buy Now Pay Later Misinformation
Understanding Buy Now, Pay Later (BNPL) Misinformation Understanding Buy Now, Pay Later (BNPL) Misinformation Buy Now, Pay Later (BNPL) is a form of credit that allows you to purchase goods or services and delay payment, often spreading the cost over several weeks or months. These schemes are widely used for online and in-store shopping, promising…
How to Enforce a County Court Judgment (CCJ) in the UK
What is a CCJ? A County Court Judgment (CCJ) is a formal decision made by a county court in England, Wales, or Northern Ireland stating that someone owes you money and must repay it. If you have taken legal action because a person or business has not paid a debt, and they either admit the…
How to Complain to the Pensions Ombudsman in the UK
Understanding the Pensions Ombudsman The Pensions Ombudsman is an independent official who plays a vital role in resolving disputes about pension schemes in the UK. Acting impartially, the Ombudsman investigates complaints about the way pension schemes are run, helping individuals and employers reach fair outcomes when things go wrong. The service is free to use…
