We’ve all forgotten to pay a bill at some point. Life gets busy, emails pile up, and deadlines slip. But for some people, especially those who are neurodivergent, it’s not always limited to a one-off mistake. In fact, nearly half (49%) of those who have ADHD have reported missing bill payments, compared to just 18% of the general population. Those with this condition can also experience:...
They say love can make you blind, but when it comes to money, a little clarity can save you a lot of stress. From hiding spending habits to living beyond their means, spotting financial red flags in a partner early on can help you build a healthier relationship with both your money and your other half in the long run. After all, some financial red flags can cost you far more than a broken heart! With the season of love upon us, here are a few financial red flags to be on the lookout for: We know it’s not the most romantic conversation in the world, but if your partner shuts down any mention of the word “money”, this could be an indication that they’re hiding something from you. ...
The big day might be over, but seasonal sale madness has only just begun as millions of retailers slash their prices for another end-of-year shopping extravaganza. Whether you’re planning to hit the high street or shop from your sofa, there are plenty of deals to be had, and it can be easy to get swept up in the madness of it all. With that in mind, here are some top tips to survive festive sale season and avoid overspending:...
With nine out of every ten new cars in the UK being purchased using car finance agreements, there is growing concern that consumers don’t know what their rights are, particularly if they begin to experience financial difficulties and are no longer able to maintain their payments under their agreements. A time order can be a useful way to buy yourself more time to improve your financial circumstances and catch up with payments on hire purchase and conditional sale agreements. In this article, we’ll explore time orders in more detail, including what they are, when you can apply for a time order, and what the effects of a time order are....
If recent cost of living increases have left you struggling with debts, you might have considered increasing your mortgage to pay off what you owe elsewhere. This can seem especially appealing since property prices have increased significantly across much of the UK. This sometimes means a mortgage lender will be able to lend more than they had previously – unlocking more money. Whether you’re attracted by lower interest rates or just feel like you have no other option, it’s really important to understand the pros and cons of adding to your existing mortgage before you make a decision. Spoiler alert – it’s not the ‘no-brainer’ many people think it is....
If you have been researching your options for getting out of debt, you may have stumbled upon the HM Debt Management Office (DMO) and wondered whether it could help you repay what you owe and eventually become debt-free. But what is the HM Debt Management Office and what is its central role within the UK government? In this guide, we’ll explain what the HM Debt Management Office is, what the HM Debt Management Office does, if the HM Debt Management Office can help you with your debts and how you can manage your own debts for greater financial freedom....
If you’ve done some research into debt solutions online, you may have seen people and websites making reference to the Debt Resolution Forum (DRF). As a company, the Debt Resolution Forum still exists – but the work it does in the debt solutions industry appears to have slowed in recent years. Nevertheless, it’s useful to know as much as possible about the companies and organisations that work and have worked in the debt solutions space, especially if you’ve had dealings with them in the past or had phone calls from people saying they work for or with the company....
If you or someone you know is struggling with debt, you might become familiar with the names of debt collection agencies and enforcement agents. ‘Court Enforcement Services Ltd’ is likely to be one of those names – especially if you have unpaid county court judgments. In this guide, we’ll take a detailed look at who the Court Enforcement Services are, the kind of work they do, your rights when dealing with their representatives, and how to handle contact with them if they call or visit you....
Providing loans and credit without adequately assessing someone’s affordability is referred to as irresponsible lending. In order to lend responsibly, a creditor must always be certain that you can repay the debt in its entirety and punctually, without the need to take on additional borrowing. While most lenders will have your best interests at heart, others might approve you for credit without checking if you can afford it first. This is known as irresponsible lending. If, like thousands of others, you have borrowed more than you can afford to repay and are struggling with debt as a result, you may be able to make a complaint to the creditor or the Financial Ombudsman Service (FOS)....
Nobody should be forced to feel like they don’t have financial independence or that someone else is controlling their financial affairs. Unfortunately, that feeling is all too common, with thousands of people suffering from financial abuse each year in the UK. In this guide, we’ll explore what financial abuse is, give you some insight into the warning signs you can look out for, and offer a few important resources you can lean on if you, or someone you love, is facing financial abuse....
Since it’s one of the most popular kinds of credit agreement, you’ve perhaps heard people talking about hire purchase – often referred to as ‘HP’. A hire purchase contract is a kind of finance agreement. It’s a popular way of buying expensive items, as you get the product upfront, then make monthly payments until the full cost is paid off. Like all agreements made with a finance company, hire purchase has its pros and cons – as well as slightly different ways of working that depend on the specific kind of contract you sign up for....
It’s been revealed that thousands of elderly women could be entitled to an increase in the amount they receive in state pension payments. Married women who retired before April 2016 may be entitled to a boost in income, according to recent research by Sir Steve Webb, the former UK Minister for Pensions. There are two ways in which those who were eligible could have missed out....
It’s estimated that 2 million people in the UK are stuck in their overdrafts. It’s an easy situation to slip into; spending a little more each month than you can afford, knowing that the bank will take care of the deficit. Yet, it’s a lot harder to escape when the situation gets a little too far out of hand. Despite being designed for short-term spending, far too many people are stuck in a permanent overdraft for the long-term. This can mean paying fines and fees that escalate the debt and make the process of becoming solvent again even harder. Switching banks has become an action many of us now take for granted. Moving our money when there’s a better deal available is commonplace and easier than ever. Banks will now take care of transferring your monthly transactions, direct debits and standing orders for you....
As Love Island hits our TV screens again this summer, a new parade of hopeful contestants are preparing for love, the limelight and the luxury designer items they’d buy with their future brand deals. While only the winners receive a handsome £100,000 prize, every contestant has the opportunity for great exposure, recognition and fame on the back of the nail-biting reality TV hit. From brand deals, book deals, acting contracts and much more, Love Islanders have seen a lot of success after the show. However, looking back from when Love Island first aired in 2015, to the most recent All-Stars season in 2024, success hasn’t been equal for all those who have left the villa....
Car finance is something not only our clients often use, but the general public as well. PCP finance is just one of the many ways for someone to get a car, and one of the most popular. But what exactly is it? How does it work? Is it a good idea? Well, to help you out, we’ve created this guide with the key facts that you need to know about PCP finance. Keep reading to find out more!...
Have you ever borrowed from a payday loan company? Do you owe money to payday lenders at the moment? If the answer is yes, you may not realise that you could be entitled to a part or full refund of the money you’ve been charged. In rare cases, the payday loan debt is written off altogether. In this article, we’ll explain what payday loan refunds are, why you might be entitled to one, and, if you think you are, how you would go about pursuing a refund – and where you could get support from....
If you have recently gotten into financial difficulty and are struggling to pay your mortgage as a result, you may be able to apply for a mortgage payment holiday. It can allow you to reduce or pause your monthly mortgage payments for a fixed period or until your financial situation improves. In this guide, we’ll explain what a mortgage payment holiday is, how they work, and how to apply, as well as some expert advice and guidance that you may find useful if you are struggling to keep up with your mortgage payments....
Entering into an Individual Voluntary Arrangement, commonly known as an IVA, is a significant financial decision and one that most people do not take lightly. It usually follows a period of financial stress, careful reflection, and the search for a realistic way to regain control of personal finances. An IVA is designed to help individuals repay what they can afford over a fixed period, while offering protection from creditors and a clear path out of debt. One of the most common concerns people have when considering an IVA is what will happen to their assets. This includes property, savings, vehicles, and, very importantly, pensions. For many, a pension represents years of planning and security for later life, so it is entirely understandable that people want clear and accurate information before making any decisions. Understanding how pensions are treated within an IVA is essential. While pensions are generally protected, there are important nuances depending on your age, whether you are contributing to a pension, or whether you are already receiving pension income. This guide explains how pensions and IVAs work together, what protections are in place, and what you should consider before making any decisions....
If you are struggling to pay your debts, you may be asked by your creditor or your bank to complete an income and expenditure (I&E) form. It should list your monthly expenditure, including income, household bills, and debts, for a well-rounded view of your financial circumstances. An income and expenditure form (also known as a common or standard financial statement or budget planner) is a document that assesses your income and outgoings so you and your creditors can fully understand your current financial situation and come to a suitable debt agreement....
There are lots of reasons you might want to cancel your council tax. Perhaps you’re moving house? Leaving the UK to live abroad? Moving into supported living or residential care? Sadly, there are also lots of people who are so stretched by the cost-of-living crisis that they feel cancelling their council tax payment and spending the much-needed money elsewhere is the only way to make it to next payday. Here, we’ll walk you through what council tax is and everything you need to do if you want to cancel council tax....
2016 saw UK residents borrow £31.6 billion pounds to fund car purchases and lease agreements – now 2017 is on track to smash the record. With so many people now treating PCP plans like their mobile phone contracts, should we be looking beyond the shiny new wheels and considering the possible downsides? A PCP is a ‘Personal Contract Purchase’. Although the ‘purchase’ part of the name can be a little misleading – in the first instance, you’re not ‘purchasing’ the car, instead you rent it for a period of 3 years before deciding on the next step. As most people are aware, a car loses value as it ages – during that 3-year period, you’re paying for the amount the car will depreciate in monthly instalments. When the 3 years are up, you have 3 choices:...
The idea of appearing in court or making an application to court can feel worrying – especially because there are often fees involved. If money is tight, you may be able to get help with court fees. It can sometimes be difficult to understand who is entitled to help with court and tribunal fees, so we’ve put together a quick guide that will help you understand what help is out there, who is entitled to support, and how you may be able to access it....
For many of us, one of the most valuable and essential assets we own is a car. It, therefore, will come as no surprise that when people experience financial difficulties, the thought that they may lose their car can become a huge cause of worry and concern, particularly when they are needed to get back and forth to work. A loss of a car in those circumstances can make financial situations worse, as not only do people lose their cars, but they can also lose vital income. Increasingly, however, most of us don’t own our cars, and this makes the risk of losing them even greater. The Financial Leasing Authority, a trade body for finance companies, many of whose members provide car finance, now estimate 81% of all new cars are being purchased using car finance agreements. This means the cars are being purchased using hire purchase and conditional sale agreements or personal contract plans (PCP), which require people to make monthly payments for their cars....
The cost of living crisis is having a devastating impact on millions of people’s personal finances, but with the government still slow to intervene, some people have taken it upon themselves to do something about rising costs. In June, a group of like-minded activists launched a campaign named Don’t Pay UK, which urges homeowners to make a pledge to cancel their energy bills if the proposed energy price cap rise takes place in a “mass non-payment strike of energy bills”. But whilst the power of collective consumer action might be enough to convince energy companies to take action to tackle spiralling costs, it also has the potential to lead to further financial problems for the hundreds of thousands of struggling homeowners who have already registered to take part....
It’s sometimes easy to feel like life revolves around your credit report. Virtually everyone wants to check it – from mobile phone providers and insurers to mortgage and personal loan companies. So, what happens to this credit report and your credit score when you receive Universal Credit? We’ll cover a quick answer at the beginning of this guide – then we’ll explore the topic in more detail, covering everything you need to know about claiming Universal Credit and the different things that can change your credit rating....
If you’ve come back to your car to find a parking ticket on the windscreen, it’s normal to feel frustrated and a little hard-done-to. Before you get too worked up about any ticket, it’s useful to dig into the facts and work out whether or not you have to pay. In this article, we’ll explore whether or not you have to pay a Penalty Charge Notice (PCN), some of the other kinds of parking tickets issued around the UK, and what can happen if you don’t pay when you should....
If you’re one of the millions of people who have suffered because of payday loans, you might have been pleased to see the news that payday lender Wonga was going into administration. Not long ago, Wonga was the UK’s biggest and fastest-growing payday lender – but the company’s luck changed when the Financial Conduct Authority (FCA) imposed strict new rules around the amount of interest payday lenders could charge their customers. What’s more, the FCA forced Wonga to compensate customers for unfair lending and debt collection practices. The combination of these two things proved to be too much financial strain for the company, and a few days ago, they went into administration....
Debt is often seen as a personal issue, something employees deal with outside working hours. In reality, financial stress does not switch off at the office door. It follows people into meetings, onto factory floors, and through every working day. For employers, HR teams, and senior leaders, understanding how debt affects employees is no longer optional. It has a direct impact on productivity, wellbeing, attendance, and safety. This article explores the scale of the issue in the UK, the physical and psychological effects of debt, how it shows up in the workplace, and what employers can do to support their workforce. As of late 2025 (Aug-Oct), around 34.2 million people aged 16-64 were employed in the UK. That means a significant portion of the population is balancing work alongside personal responsibilities and financial pressures....
Death, like debt, is something none of us likes to consider. We would prefer to avoid both, and neither is a subject most of us feel comfortable discussing. However, whereas debt is often avoidable, death is not, and we will all face it at some point. Some of us may even worry that, should something happen to us, we may be leaving a problem for our loved ones to deal with. So can someone else be responsible for our debts after we die? What happens when debt and death cross paths? There is a common misconception that when someone dies, his or her debts die with him or her, but this is not actually true: there are a number of situations in which creditors can continue to pursue people for the payment of other people’s debts, even after they have passed away. There are other situations when those who remain for practical purposes have to accept responsibility for someone else’s debts....
A study by Citizens Advice has found that 6 million people have had their credit card limits extended without their consent. Mostly, these have been people who are struggling with their debts. By asking over 2000 adults between the 8th and 9th November, the study has found that: 28% of people who have a credit card have had their credit limit increased in the past year (this is equivalent to 8.4 million people)...
Making sense of your tax code can feel like an impossible task but it can help you understand how much of your wages are being deducted for tax purposes. Whilst most people just assume their tax code has been calculated correctly, this is not always the case, and you could be paying too little tax, which will result in you owing HM Revenue & Customs (HMRC). Already confused? Don’t worry, this guide will cover everything you need to know about your tax code from what a tax code is, who receives a tax code, how to know what your tax code should be, what to do if you have the wrong tax code, what each tax code means, what a K tax code is, and what an emergency tax code is....
If you are applying for credit, there is a crucial piece of information that could be the difference between you being approved and denied by banks or lenders: your credit score. ClearScore is one of the few platforms where, unlike credit reference agencies, you can access a snapshot of your finances, including your credit score, for free. But what is a ClearScore credit score, and why is it so important? In this guide, we’ll tell you everything you need to know about your ClearScore credit score, including:...
This is one of the most common questions people ask when they are considering a Trust Deed or are already in one. Home ownership is a major life goal, and the idea that a debt solution could block that future can feel worrying. The honest answer is that getting a mortgage while you are in a Trust Deed is extremely difficult and, in most cases, not realistic. That does not mean owning a home is off the table forever. It does mean timing, expectations, and planning matter more than ever. This article explains how a Trust Deed affects mortgage applications, why lenders are cautious, what happens once the Trust Deed ends, and how you can improve your chances in the future....
If you are in a Trust Deed and need a car, you are not alone in asking this question. Life does not pause just because you are dealing with debt. Work, family responsibilities, and day-to-day commitments still need to be managed, and for many people, a car is essential rather than optional. The honest answer is that getting car finance while you are in a Trust Deed is possible in some circumstances, but it is restricted, closely controlled, and often expensive....
If you have ever checked your credit file and found someone else’s name linked to yours, it can be worrying. This often happens after a shared financial connection, such as a joint loan, a mortgage, or even a shared address where finances were once connected. Even if that relationship has long since ended, the link can still affect how lenders view you. A notice of disassociation is a way to formally tell credit reference agencies that you no longer have a financial connection with another person. This article explains what a notice of disassociation is, when you might need one, how it works, and how it can help protect your credit profile. A notice of disassociation is a request you make to a credit reference agency asking them to remove a financial link between you and another person....
Once you have been discharged from bankruptcy, usually after 12 months, it is natural to start thinking about the future again. You might be considering buying a home, replacing a car, or simply wanting access to basic credit if you need it. While it is important to avoid taking on debt you cannot afford, credit itself is not automatically a bad thing....
When a business is under serious financial pressure, the challenge is often finding a way to deal with historic debt without shutting the doors. For many directors, protecting employees and keeping the company trading is just as important as settling what is owed. A Company Voluntary Arrangement, commonly known as a CVA, is one option that can help achieve both. It is a formal insolvency procedure that allows a business to repay creditors over time while continuing to operate. This article explains what a CVA is, how it works, who it is suitable for, and what impact it can have on creditors and employees. A Company Voluntary Arrangement is a legally binding agreement between an insolvent company and its creditors....
If you live in England or Wales, a creditor may have taken court action against you and obtained either a County Court Judgment or a High Court Judgment. When this happens, the creditor can pass the debt to a bailiff or a High Court enforcement officer, often shortened to HCEO, to recover what is owed. This usually happens when the creditor decides they no longer want to chase the debt themselves. Instead, they instruct an enforcement officer to act on their behalf. Understanding who High Court enforcement officers are, what powers they have, and how to respond can make a stressful situation feel more manageable. A High Court enforcement officer is an authorised enforcement agent appointed under the authority of the Lord Chancellor. Their role is to enforce certain court judgments by collecting payment or, if necessary, taking control of goods to be sold at auction....
A Trust Deed is a formal, legally binding debt solution used in Scotland. For people struggling with unmanageable unsecured debt, it can offer structure, protection, and a clear route forward. That said, no debt solution is perfect, and it is important to understand both the benefits and the drawbacks before deciding whether a Trust Deed is right for you. This guide explains the main pros and cons of a Trust Deed in plain terms, so you can weigh them up properly and make an informed decision....
A Debt Management Plan, often shortened to DMP, is an agreement between you and the people or companies you owe money to. If your creditors agree, you make reduced monthly payments towards your debts based on what you can realistically afford. For many people, a DMP is a way to regain control without entering a formal insolvency solution. It can simplify repayments, reduce pressure from creditors, and help you manage debt in a more structured way. This guide explains what a Debt Management Plan is, how it works, and the key advantages and disadvantages to consider before deciding whether it is right for you. In simple terms, a Debt Management Plan is an informal agreement between you and your creditors....
Debt Management Plans and Debt Relief Orders are both debt solutions that allow people to get rid of problem debt, but what’s the difference between the two? And which would be the best fit for your financial circumstances? In this guide, we’ll explore what Debt Management Plans and Debt Relief Orders are, what the differences are between the two, and give you the information you need to choose the right solution for you. How does a Debt Management Plan work?...
Using a Debt Settlement Offer, often called a DSO, is not something most people can do. It relies on having access to a lump sum, which many people in debt simply do not have. If you are in a position to make an offer and it is rejected, that can feel frustrating and discouraging. The important thing to know is that a rejection does not mean you are out of options. In many cases, creditors reject offers because of how they view your situation at that moment....
Buying your first home is a huge milestone. For many people, it represents stability, security, and a sense of progress. When debt is part of your life, though, that goal can feel distant or even impossible. Worrying about money has a way of shrinking your future plans until all you can see is the next bill. The important thing to understand is that being in debt now does not mean your chances of owning a home are gone forever. There are debt solutions designed for different situations, and while some make getting a mortgage difficult in the short term, they do not close the door permanently. This guide explains how a Debt Relief Order works, whether you can get a mortgage with a DRO, and what options exist if you already own a home....
If you are considering a Trust Deed, it is completely normal to worry about what will happen to your pension. For many people, a pension represents long-term security and peace of mind, so the idea that it could be affected by a debt solution can feel unsettling. The good news is that pensions are treated differently from savings and other assets in a Trust Deed. In most cases, your pension pot itself is protected. However, pension income and future lump sums can still play an important role in how your Trust Deed is structured. Understanding the difference is key to avoiding surprises later on. Unlike savings, property, or other valuable assets, pension funds are not normally classed as assets in a Trust Deed. This means you are not required to release the value of your pension to repay your creditors....
When you are dealing with problem debt, the length of a solution can matter just as much as the monthly payment. Many people want to know how long they will be committing to a plan before they decide whether it is right for them. That is completely understandable. Debt solutions affect your finances, your credit file, and often your peace of mind. A Debt Management Plan, often shortened to DMP, does not have a fixed end date. How long it lasts depends on your personal situation, the level of debt you have, and how much you can realistically afford to repay each month. In this guide, we explain what a DMP is, how long it usually lasts, and the key factors that influence its length. A Debt Management Plan is an informal agreement between you and your creditors. It is designed to help you repay your unsecured debts over time through a single, affordable monthly payment....
Debt solutions are never a quick fix, so it is natural to worry about the long-term consequences of using one. One of the most frequently asked questions about debt solutions is how they will affect the chances of being granted a mortgage. Getting a mortgage is the biggest financial decision many of us will make in our lifetime, so it is important to know how the process could be affected by debt. Although it can be more challenging, and you may need some time to rebuild your credit rating first, you will still be able to get a mortgage if you have made use of the DAS. Entering into a Debt Payment Plan (DPP) through the Debt Arrangement Scheme will have a negative impact on your credit score, which will, in turn, affect your chances of getting a mortgage and what interest rates you will be offered....
A full and final settlement offer, also known as a debt settlement offer, is an agreement where you offer a creditor a lump sum payment to clear a debt for less than the full amount owed. If the creditor accepts and the payment is made, the remaining balance is written off, and the debt is considered settled. For many people struggling with unsecured debt, this can be a practical way to draw a line under the situation and start moving forward. This type of agreement is not automatic, and it is not suitable for everyone. Creditors are not obliged to accept an offer, and the terms need to be handled carefully. Understanding how full and final settlements work, when they are usually accepted, and what the long term effects can be is essential before taking this step. A full and final settlement is a legally binding agreement between you and your creditor. You agree to pay a single lump sum, often significantly less than the outstanding balance. In return, the creditor agrees that the payment settles the debt in full and that no further action will be taken to recover the remaining amount....
If you go overdrawn without having an official overdraft arrangement with your bank, it can cost you, and these charges can grow rapidly if you stay in the red for too long. In this post, we will look at what an unarranged overdraft is and detail and outline 7 ways you can avoid using one. Many people have arranged overdrafts with their bank, which allows you to withdraw a certain amount over what you have in your account....
Nothing says the countdown to Christmas is officially on than binge-watching your favourite Christmas movies. No matter whether you’re a fan of Love Actually, Home Alone, or are a Hallmark TV special fanatic, Christmas films are an integral part of the festive season. However, these festive favourites do more than just bring a holly jolly feeling to December. If you look closely enough, there are nuggets of wisdom we can use all throughout the year....
With Christmas fast approaching, many Brits are already preparing for the upcoming festivities. Whilst this time of year is filled with excitement and anticipation, the financial impact is causing many to worry. An estimated 13.5 million Brits are planning to cut back on Christmas spending as households feel the squeeze of soaring prices and rising living costs. To find out the true cost of Christmas, UK Debt Expert analysed prices across Tesco, Sainsbury’s and The Range to work out the average cost of a Christmas meal, decorations and presents for couples and families. We then used the Bank of England’s inflation calculator to see how those costs have changed over the last five, 10 and 15 years....
The cost of living crisis has been raging on since 2021, and it’s not showing any signs of letting up. But as the festive season fast approaches, millions are cutting back on essentials to make ends meet, with some dipping into their savings or selling their belongings just to stay afloat. According to Which?’s latest Consumer Insight Tracker, up to 14.8 million UK households (52%) have had to make spending adjustments in recent weeks – the highest level recorded in 2025 so far. Here are some of the biggest areas where people are making changes: ...
With Black Friday fast approaching, your inbox might already be filling with one-off deals, discounts, and offers ahead of the big day on the 28th. But while the growing phenomenon can be a dream come true for bargain hunters, it’s also being used by fraudsters looking to cash in on the shopping frenzy in a trend experts are calling ‘Black Fraud Day’. Some scammers are even creating fake websites that mirror legitimate retailers, but with one major difference: the goods never arrive. Thankfully, there are steps you can take to protect yourself and your pennies this shopping season. From spotting suspicious offers to recognising unsafe payment methods, here are some things to look out for before clicking ‘Buy Now’ this Black Friday:...
Chancellor of the Exchequer Rachel Reeves delivered a short speech from Downing Street today ahead of her second budget announcement as finance minister on Wednesday, November 26. The 20-minute speech promised a budget of “fairness and opportunity” as she pledged to “make the choices necessary to deliver strong foundations for our economy” for “years to come”. But as rumours of tax rises swirl, what should you expect when the big announcement is made in just three weeks’ time? And what does it mean for your finances? We’ve broken it down for you here:...
If you’re a working parent in the UK, you’re likely facing one of the most expensive and confusing decisions of your life: childcare. What should be straightforward support for working families has become a bureaucratic maze that’s costing parents thousands of pounds they shouldn’t have to pay. We call it the “confusion tax” – and it’s hitting families hard at a time when many are already struggling with the cost of living crisis. New government data reveals that nearly one in three eligible families aren’t accessing the free childcare hours they’re entitled to. Let that sink in for a moment. Families who qualify for substantial government support are instead paying full childcare fees, often without even realising they’re missing out....
Starting university can be exciting but also overwhelming. From living away from home for the first time and learning to budget, to juggling studies and social life, there’s a lot to get to grips with. But with living costs rising, many undergraduates are struggling to afford it, with 71% relying on the ‘bank of mum and dad’ to get by during term-time. Despite this, applications have seen a 4.5% increase in the last year as university continues to offer many benefits, including supporting young people with social skills, elevating career prospects and building independence. To find out the current status of students’ finances, UK Debt Expert created the Affordability University Index, which analysed the top-rated 50 universities, looking at seven data points to reveal what students can expect financially before heading to university....
Can you really do your weekly shop for just £25? According to TikTok, the answer is yes – and the trend is quickly gaining momentum as more households look for ways to stretch their food budgets without cutting corners. With grocery prices still on the rise, shoppers across the UK are turning to smarter strategies, from switching to local stores for fresh produce to planning meals ahead. But while viral videos may offer quick inspiration, personal finance experts say the real key to cutting costs lies in changing how we plan, shop and eat, not just what we buy....
Buy Now, Pay Later (BNPL) shoppers will need to undergo stricter affordability checks, it has been revealed. New rules coming into force next July will see some people refused BNPL credit services if they don’t meet the new criteria. Industry regulators hope that the change will prevent people from taking on unaffordable debt and being caught out by late payment fees....
Matcha has been a staple in Japanese culture for over 800 years, but in the UK, this vibrant green tea has only recently captured public attention. Whether hot or iced, our thirst for this antioxidant-rich drink shows no signs of slowing down. In fact, the UK’s matcha tea market generated a revenue of £45.3 million in 2024 and is expected to reach £71.2 million by 2030. Unlike traditional tea brewing, matcha is made of a finely ground powder of specially grown and processed green tea leaves, delivering the entire leaf’s concentrated flavour and caffeine content. For Gen Z, this has become their caffeine of choice....
We all remember the final weeks of school before the summer holidays. Back then, there was no better feeling than knowing we had six weeks of freedom ahead of us. The summer holidays as an adult, however, bring a very different feeling....
People are being urged to be aware of the dangers of falling for the summer social media trends without keeping a close eye on their budgets. The pressure to live your ‘best life’ every summer, fuelled by TikTok and Instagram trends like ‘hot girl summer’ and ‘brat summer’, is quietly driving many into debt. From beach-ready outfits and beauty treatments to bottomless brunches and last-minute getaways, the aesthetic of summer is increasingly being funded by Buy Now, Pay Later schemes and credit....
In recent years, the UK has been grappling with a steadily declining birth rate. While there are numerous factors contributing to this phenomenon, one of the most significant is the financial strain placed on working parents, particularly mothers. The cost of raising a child in the UK has reached unprecedented levels. Our data shows that families are now spending more than £1,000 per month on average on childcare alone. This figure varies significantly across regions, with London topping the list at a staggering £1,431.96 per month. Even in less expensive areas like the North East, parents are still looking at around £945.50 per month for childcare....
Living alone is on the rise – and it’s easy to see why. Whether it’s the joy of styling your space exactly how you like, blasting your own playlist on repeat, or eating cereal for dinner without judgment, solo living has its perks. In fact, an estimated 8.4 million people in the UK now live alone. But while independence is great, the costs? Not so much. When you’re the only one footing the bill, everyday expenses like rent, council tax, food shopping, and broadband don’t get any cheaper – they just fall entirely on your shoulders. This is often called the “singles tax” – the financial premium that comes with living (and paying) alone....
Ahead of the Easter holidays, a personal finance expert has shared her top tips for families to enjoy the time off without increasing the pressure on already strained finances. With the latest figures from the Office for National Statistics showing that more than half (56%) of Brits have seen their cost of living increase over the last year, and one in five resorting to borrowing or credit to make ends meet, budgeting for school breaks has never been more crucial. Raising a child in the UK is already a significant financial commitment, costing couples an average of £39.54 per day and single parents £44.26 per day....
Households across the UK now face higher bills, ranging from energy to transport and council tax costs. The news of yesterday’s hikes was no April Fool’s joke as millions of Brits brace themselves for across-the-board increases in what’s been dubbed ‘Awful April’. Coinciding with the new financial year, the exact amount that households will need to shell out in extras will vary depending on where they live and their personal circumstances. However, despite an increase in the minimum wage and in some benefits, budgets are expected to be squeezed this spring....
People struggling with debt are being encouraged to know what options they have to manage what they owe as part of Debt Awareness Week (24-30) March. New data from the Office for National Statistics published in February revealed a worrying trend of increasing cost of living challenges pushing people into debt and struggling to make payments on bills. The data shows that more than half (56%) report that their cost of living has increased over the last year. It also showed that one in five Brits had to borrow more money or use more credit than usual in the previous month, compared to a year ago....
Ask anyone about St Patrick’s Day, and they’ll start talking about Guinness. It was estimated that over 4.5 million pints of stout went down over the 2024 St Patrick’s Day weekend. The thick, dark, ruby-coloured magic in a glass is revered across the globe, and it remains one of the most popular pints in the world. But if you’ve been keeping a keen eye on the taps, you might have noticed that your pennies don’t pour as many pints as they used to. Yes, the cost of living crisis and inflation have pushed up the price of Guinness over the last few years....
A new online tool could help couples find out if they’re financially compatible ahead of Valentine’s Day. Our new easy-to-use compatibility quiz aims to take the awkwardness out of money talk and help couples navigate the tricky intersection between love and personal finances. New research shows that one in five relationships end due to financial disagreements, and the tool tackles key topics like spending habits, saving goals, and attitudes towards debt, aiming to help couples work together financially....
In recent years, a growing number of people have turned to side hustles as a way of pursuing a hobby or skill or bringing in some extra money to supplement their existing income. But while a side hustle can be a great way to build a safety net for those unexpected expenses, many are unaware of the tax obligations of earning money outside of their main income source and, more importantly, the potential legal implications of not paying side hustle tax. This article will explore side hustle tax in more detail, including whether you need to pay side hustle tax, how to register a side hustle as a business, and how to keep on top of your finances while trading goods or services online....
For many Brits across the UK, the dream of owning a home has become increasingly elusive. Ever-rising house prices have outpaced wage growth across England and Wales by 90%, while mortgage rates have also increased, creating a perfect storm of financial barriers for aspiring homeowners. Data from Zoopla shows that nearly 40% of adults have given up on the idea of owning a home due to the rising cost of living and escalating house prices – with those aged under 40 dubbed ‘Generation Guppy’ – because many have “given up on property”....
The UK inflation rate unexpectedly fell to 2.5% last month, despite most analysts predicting it would remain at 2.6%. The drop was largely attributed to a smaller-than-usual rise in hotel and airfare costs. It follows a two-month period of growth and brings the base rate closer in line with the Bank of England’s 2% target. It also marks a stark contrast from October 2022, when inflation hit a 40-year high of 11.1% due to a combination of supply chain issues, rising energy prices, and subsequent COVID lockdowns. But while the news provided some much-needed relief for consumers grappling with exorbitant food and energy prices, those relying on benefits won’t benefit quite as much. So, how are inflation and benefits linked? And what does this mean for your monthly payments? We’ve outlined what the latest inflation figure means for your benefits here:...
As the new year approaches, it’s natural to think about resolutions and fresh starts. While many focus on fitness or personal growth, financial health often gets overlooked—yet it’s one of the most empowering changes you can make. 2025 could be the year you regain control of your finances. Whether you’re managing debt, saving for a rainy day, or planning for the future, these seven tips can help you start the year on the right financial footing. The first step to financial success is knowing what you want to achieve. Setting clear goals gives you a target to work towards and a sense of direction. To make your goals achievable, break them into smaller, actionable steps. For example, if you aim to save £1,000 by the end of the year, calculate how much you’ll need to set aside each month or week....
The festive season is a time of joy, but for many, it’s also a source of financial stress. The pressure to make Christmas magical can lead to overspending, putting things on credit cards, and financial anxiety that lingers into the new year. The good news? It’s possible to enjoy the holidays without blowing your budget. By planning ahead and making thoughtful choices, you can celebrate the season without the worry. Here are five ways to tackle Christmas spending stress. Christmas shopping can quickly spiral out of control if left to the last minute. When you’re in a rush, it’s easy to overspend on impulse purchases or settle for expensive options out of convenience. By planning ahead, you can take control of your spending and reduce financial stress....
As we approach the new year, January often feels like the perfect time to reset. After a festive season filled with indulgence, a detox can benefit not just your body, but your wallet and your wellbeing, too. Whether you’re aiming to drink less or are sober-curious, Dry January could be the opportunity to save hundreds of pounds, while also improving your health. Cutting back or quitting alcohol offers numerous benefits, including lower blood pressure, a stronger immune system, reduced anxiety, and enhanced clarity and focus....
With the festive season well and truly underway, it can be easy to get caught up in the excitement of it all and spend more than you’re comfortable with on food, gifts, and clothes. But while many resort to loans and credit cards to help cover the cost, this can be a slippery slope to serious financial problems and, in some cases, debt. Thankfully, there are various things you can do to enjoy the most wonderful time of the year without blowing your budget. From spreading the cost of every purchase to staying on top of your bills, here are our top tips for staying in control of your spending and starting the year financially strong: It’s a piece of advice we’ve all heard time and time again, but that’s because it works. Everyone wants to spoil their friends and family on the big day, but you can still let them know how much they mean to you without spending a fortune. By setting a realistic budget and sticking to it, you can ease some of the financial pressure and avoid hefty bills come the new year....
With Christmastime just around the corner, nearly one in five adults across the UK have already started their holiday shopping. But while the festive season brings joy and excitement, there’s also added financial pressure from gift shopping, decorations, and holiday food, with the average Brit expected to spend £600 on Christmas-related activities and products this year. On top of that, the recent Government announcement of a 10% increase in energy bills between October and December could add about £12 per month to the average household bill – making it more challenging for many to stay warm and festive....
Brits are being encouraged to ‘Do One Thing’ to improve their financial situation as part of Talk Money Week 2024. Running from 4-8 November, the annual event aims to tackle the stigma surrounding talking about personal finances and financial well-being. From creating a new monthly budget to even having a conversation with a child about how to look after their pocket money, there are a number of different things we can do to take part this week....
Brits are being urged to be aware of changes to their benefits this autumn. The Department of Work and Pensions (DWP) has announced that Income-related Employment and Support Allowance (ESA) will gradually be replaced by Universal Credit. If you currently receive ESA, it’s important to understand how this change may impact you, what steps you need to take and the support available to guide you through the transition....
When it comes to financial stability, having a realistic budget in place is vital. While some people may look at a budget as a way of restricting spending, it really provides a strong foundation for your financial life. Put simply, it makes your money work harder for you. With careful planning, it becomes easier to manage your income and expenses while keeping future goals in sight....
As summer fades away and we head into winter, it might be time to reassess your savings goals—especially with Christmas just around the corner. Much like the well-known Dry January, Sober October is a fundraising initiative founded by Macmillan Cancer Support that encourages people to go alcohol-free for October. Nearly one in seven adults in the UK never drink alcohol, and for those who try going sober, the benefits include increased energy, better sleep, and a reduced risk of high blood pressure....
Student finances can be complicated when you’re new to living alone and budgeting, as well as juggling coursework, exams, and of course, maintaining a social life. For new undergraduates, affording university is becoming harder than ever, with a recent survey finding that 61% of students have borrowed money to cover rent. On top of that, the cost-of-living crisis has raised the prices of food, utilities, and travel, adding more strain to students’ budgets....
Brits are being urged to brace for a 10 per cent increase in their gas and electricity costs next month as the new energy price cap comes into force. The latest figure – which will take the average energy bill from £1,568 to £1,717 a year – is set to add an extra £12 to most people’s monthly bills. The announcement has come as a blow to those already struggling to pay their bills, and with 10 million people no longer set to receive Winter Fuel Payment this year, there are fears that over 400,000 households across the country could be plunged into fuel poverty....
With over three million new King Charles coins entering circulation this year, now could be the perfect opportunity to check your collection for any vintage coins that could be worth a fortune. Whether you’re an avid coin collector or just lucky to have been given a priceless coin throughout the years, you could be in for a surprise at its worth. With the announcement of His Majesty’s new coins, collectors and fans alike could end up being a part of history. But is it time to check your coin stash and see what it could be worth?...
People across the UK are being urged to be aware of benefits changes coming into force this month. The Department for Work and Pensions (DWP) is responsible for the switch and is encouraging anyone currently receiving benefits to keep an eye out for further information about how the change could impact them. To help people understand the process and why it’s happening, UK Debt Expert has teamed up with the DWP to explain what to expect and to avoid any interruption to benefit payments....
We all love a cup of coffee. In the UK alone, we get through 95 million cups of coffee a day, and our quench for caffeine doesn’t seem to be slowing down anytime soon. Lately, the flat white has conquered the coffee scene. The 8-ounce cup is made with espresso, steamed milk and finished in the milk steamer, forming the flat white’s identity. After the Aussie coffee creation has become the millennial coffee of choice, flat whites have quickly risen in the ranks, despite only being introduced in many coffee chains in the last ten years. Despite the fact that the size of a flat white is almost always the same across the world, you could be paying above the odds depending on where you live (unless you’re willing to travel to Colombia)....
With millions of people attending the 2024 Olympic Games in Paris, many may have an unwelcome arrival with fines up to €15,000 (£12,631) if they don’t follow some surprising French laws, according to a personal finance expert. Following the recent Eurostar attacks wreaking havoc on travel plans, anyone heading to France soon could also face penalties for various unexpected behaviours when they arrive – from being naked in your hotel room, to wearing swim shorts in public, or even taking a photo of the Eiffel Tower at night. UK Debt Expert personal finance expert Maxine McCreadie is warning tourists heading to the Paris 2024 Olympics of the financial penalties they may face if they don’t brush up on French rules and regulations....
In today’s challenging economic landscape, the impact of income differences among friends is becoming wider than ever – whether we realise it or not. Naturally, the financial burden of social activities varies drastically depending on your income bracket. For example, for someone on a £16,000 salary, a weekend break to a city in Europe, calculated at an average cost of £290 by the Post Office, would require 37 hours of work – equivalent to a full working week. An increased salary of £30,000, by contrast, would require almost half the hours to afford the trip. And with wedding season in full swing, people earning £30,000 would need to work 21.42 hours to cover the cost of attending nuptials. For someone on a £60,000 salary, this would equate to just over 10 hours of work....
With the prices of everyday items continuing to soar, and food being a necessity, our weekly grocery shop can quickly add up to being one of the biggest expenses each month. In fact, the average cost of a weekly food shop has risen by 37% in just two years. And those with food intolerances may feel the financial strain even more – as catering to their dietary needs and requirements often means only having one or two options to choose from, as opposed to an array of food products for those that aren’t affected. Around 2 million Britons are thought to have a diagnosed food allergy, and around one in five adults report having a food intolerance. The most common allergens are dairy, eggs, and nuts, while many more suffer from gluten intolerance or celiac disease....
As Scotland fans head to Germany for the first EURO 2024 match on Friday, our personal finance expert is sharing her top travel tips for fans making the journey to Munich. An impressive 200,000 Scots are expected to head to Euro 2024 – according to the British consulate in Munich, Mark Dittmer-Odell – and Maxine McCreadie says the Tartan Army, and other travelling fans, could still save some vital cash on their trip. Speaking ahead of the tournament, Maxine said: “The Tartan Army is well-known for travelling in numbers and having a great time while they’re at it, and I’m sure the Euros will be the same....
If you’re struggling with debt and live with your parents, you may be worried about the thought of bailiffs visiting your parents’ home and removing items to repay what you owe. However, bailiffs can only take items that are fully or partially owned by the debtor and can’t seize items that are owned by other people you live with, including your parents. If you’ve never been visited by bailiffs, you’re probably expecting the worst based on what you’ve heard from other people or seen in popular media. However, there are certain rules bailiffs must follow when they visit you, and they can’t just force entry into your home and start removing goods at will....
Fans across Europe are preparing for a festival of football ahead of the kick-off of UEFA EURO 2024 on Friday 14 June. Despite hundreds of thousands of Brits heading over to Germany, most football fans will be watching from home, whether that’s from behind the sofa at home, at a dedicated fan zone, or in the pub with friends. The British Beer & Pub Association has revealed that 300 million pints could be sold across the hospitality sector over the course of the tournament....
With the UEFA European Championships 2024 kicking off in Germany in June, many fans will be looking to their wardrobes for inspiration on what to wear. Whether you’re one of the 800,000 England or Scotland fans heading overseas to the tournament, you’re watching in one of the thousands of bars and pubs showing the game, or you’re deciding to watch from behind the sofa at home, one thing’s for sure: Europe is catching football fever. Some footy fans will have got their hands on retro football shirts from throughout the years, and they’re now fetching impressive prices on second-hand marketplaces, such as eBay. Collectors and football fans alike are often eager to get their hands on their own piece of football history, which can create a lucrative opportunity for sellers....
When Taylor Swift’s sell-out Eras tour comes to the UK in June and August, fans will be looking to ‘Shake it Off’ during the 15 four-hour concerts in Edinburgh, Liverpool, Cardiff and London, but new research has revealed a huge increase in costs for Swifties. At UK Debt Expert, we have analysed the cost for resale tickets and car parking, as well as hotel and Airbnb costs at each of her UK tour dates. Our team of experts used StubHub resale prices to compare the increase in resale tickets for each of the tour nights....
With over 5.9 million units sold in 2023 – the highest in 16 years – records are continuing to have a resurgence in popularity. Despite the growth of digital music, fans are continuing to enjoy music in its physical format, with vinyl, originally the go-to music purchase, whether for the quality of sound, aesthetics, or their collectible nature. Record Store Day takes place this year on April 20, and will see hundreds of independently owned record stores come together “to celebrate their unique culture.”...
As the nights grow lighter and the weather (ever so slightly) warmer, Spring is finally here. While the season offers the perfect opportunity to dust away the winter cobwebs in our homes and gardens, it also offers a chance to declutter our finances. Yes, the thought of financial admin might seem like a headache, but as Spring signals change, it’s a time for us all to give our budget and spending a once-over....
Ask anyone about St Patrick’s Day, and they’ll start talking about Guinness. Every year, 13,000,000 pints go down in just one day. The thick, dark, ruby-coloured magic in a glass is revered across the globe, and it remains one of the most popular pints in the world. But if you’ve been keeping a keen eye on the taps, you might have noticed that your pennies don’t pour as many pints as they used to. Yes, the cost of living crisis and inflation over the past few years have pushed up the price of Guinness. Not to worry, though, because UK Debt Expert have toured the nation in search of that perfectly priced pint. We searched across some of the most popular chains in each city in the UK to look at the average cost of a Guinness across the UK – and it turns out, no two cities are the same....
With Mother’s Day fast approaching, many of us will be asking ourselves the same question. ‘How do I say thanks to the most important woman in my life?’ Whether you’re planning to celebrate with your mum, any of the other leading ladies in your life, or are honouring the memory of your favourite lady, this Sunday (March 10) is a moment to show your appreciation. ...
Ahead of a possible broadband and mobile phone bill rise in April, a personal finance expert has offered her advice on how to avoid hefty fee increases. A new year can often mean increased costs when it comes to the services we pay for to keep our homes connected. This April, households across the country could see their broadband and mobile phone bills rise as much as 7.9%, as a result of the recently announced Consumer Price Index (CPI) of 4%....
Solo living has plenty of plus points – you get to watch what you want, eat whatever takes your fancy, and decorate your place in your own style. And, ironically, if you live by yourself, you’re far from alone. One in three households in the UK are single occupancy, making them the second most common type after one-family homes. In Scotland, the proportion is even higher at 36% of households, and they account for 30% of households in both England and Wales....
As we leave the festive season behind and head into the new year for 2024, Christmas and its incurring costs have left many bank accounts dry and in need of a financial fresh start. Whether you’re sober-curious, aiming to drink less, or after the health benefits of sobriety for a ‘new year new me’, cutting out alcohol for Dry January could save you hundreds of pounds, improving your health and wealth. Quitting alcohol can give you a number of benefits, including helping your mental wellbeing, improving your quality of sleep and concentration, as well as providing an unshakeable sense of achievement....
England fans heading to Euro 2024 face travel chaos as air fares have jumped by more than 260 per cent following the draw for the group stages. Tens of thousands of Three Lions fans are expected to travel to Germany for the opening match against Serbia in Gelsenkirchen on 16 June, but analysis by debt advice company UK Debt Expert has revealed that flights are now priced at almost £600. The most direct route for many fans will be from London Heathrow to Düsseldorf International, which is 40 minutes away by train or car....
As the cost of living crisis continues, families across the country are growing increasingly concerned about the expenses of energy costs and consumption. The weather’s getting colder, and energy bills continue to be extremely high, ahead of the price cap rise of 5% in January 2024. Before we deck the halls and untangle the fairy lights, it’s worth knowing how much it will cost to run your Christmas lights – whether at home or outside....
With less than 100 days to go until Christmas, thoughts slowly start to turn to preparing for the big day. As households across the country continue to battle higher costs, financial expert Makala Green has warned that “forewarned is forearmed” when it comes to getting ready for December 25th. Following a year of price hikes – from energy to food – many household budgets and savings are feeling the squeeze....
Making the decision to deal with your debts is something that’s hard enough in itself. When you then have to choose how you’re going to deal with those debts, it can become even harder. This can often become confusing, and as such, it’s best to weigh up your options. One potential solution that’s out there, for those struggling with debt in England, Wales and Northern Ireland, is an Individual Voluntary Arrangement (IVA). This is a legally binding agreement between you and the companies/people you owe money to. It allows you to pay back your debts over five years with just one affordable monthly payment. All interest and charges are frozen on your debts during this time, and you cannot be chased by them for payment....
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