Struggling with bills and debt? Be careful where you go for help. Some services, such as financial counselling, are free and independent, while other services targeting those in financial strife so-called “debt relief” firms can be predatory and harmful. Here’s what to know about who can offer free and independent advice, and which services to…
Get TPR’s best stories of the day and a jump start to the weekend with the 321 Newsletter straight to your inbox every day. Sign up for it here. Financial services company EarnIn partnered with nonprofit RIP Medical Debt to erase $13.9 million in debt from 9,908 low-income Bexar County residents last week. Bexar County was…
Saturday, 30 September 2023, 8:40 pmPress Release: Hugh Grant Debt relief can be defined as the reorganisation of a borrowers debts. This organisation makes the debts easier to repay and it takes the individuals financial circumstances into account. In this article, we dive into the topic of debt relief by discussing what it is, what…
We have reviewed the best IVA options in the UK and have found 123 Debt Fix to be the best option. They have an expert team of accredited advisors that are on hand to give you the best financial advice. Navigating debt consolidation is a daunting task for many individuals living in the UK. If…
(BBB) If you are working on managing your money better and paying down your debts, a debt consolidation app can help you track and manage what you owe. However, each app takes a slightly different approach. Before investing time (and potentially money) in one, know how they work and which will best help you. Read…
Complaints about student debt relief scams are increasing as the date approaches for borrowers to restart payment on their student loans after more than a three-year pause. Consumer protection advocates say that the Biden administrations student debt relief efforts, the subsequent halting of those policies by the courts, and the restart of student loan payments…
Young disabled people turn to debt advice charities image credit: shutterstock.com Almost one in three (29%) young disabled people have contacted debt advice charities over money worries. This is three times the average across the UK (10%). One in four (24%) of 1824-year-olds are relying on credit and loans to pay their bills. But this…
INCREASING numbers of people are falling into debt as the cost-of-living crisis persists, despite slight improvements in interest rates. The UK debt-help charity Christians Against Poverty (CAP) says that even some households customarily regarded as financially stable are now seeking assistance. Through a recent YouGov poll, whose results were released this month, CAP found that…
“It shows that people are doing so using a financial mechanism that will hopefully help them gain control of their finances once and for all.” Our Hodge inhouse data found that the number of people using funds from their 50+ mortgage for debt consolidation has doubled. Between January and July in 2023, 14% of customers…
A default happens when you have skipped one or several payments in a row on a loan or credit card. Since defaulting can cause your credit (and overall financial health) to quickly plummet, you want to do your best to avoid it. CNBC Select breaks down what happens when you default on various types of…