Store Cards are similar to credit cards branded with the name of the store that issues it and can be used only to purchase goods from that chain. They are often promoted heavily in stores and can initially appear attractive, but beware there are many more disadvantages attached to them. Here are 10 very good [...]
For many people, an organised and well prioritised approach to reducing expensive personal debt can accelerate their wealth position much faster. All it takes is a little organising and regular behaviour as summarised by the following 7 simple steps that will improve your overall wealth by repaying debt.
Go through your last 3 months current account [...]
Often it’s hard to recognise if you have a debt problem. Once you have, it can feel like the end of the world and panic measures set in so it’s beneficial to spot the signs early on. For example, can you only afford to make minimum payments on your credit or store card repayments? Do [...]
Bankruptcy (known in Scotland as “Sequestration”) is a legal process by which most of your assets of any value are sold off to pay your creditors what you owe them.
Most of the time, it is started by creditors who see no better way to get their money back. People in debt sometimes choose to start [...]
Why you should check your credit report:
If you’ve had trouble getting credit, it makes excellent sense to find out what information lenders are seeing. Mainly because by doing so you can correct any mistakes or anything you think isn’t an accurate reflection of your overall financial situation. By doing this, you’ll improve your credit score [...]
