Taking control of debt, free debt advice, improving your credit score and low-cost borrowing
Renting, buying a home and choosing the right mortgage
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Understanding your employment rights, dealing with redundancy, benefit entitlements and Universal Credit
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Having a baby, divorce and separation, what to do when someone’s died, choosing and paying for care services
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Are debt consolidation loans right for you? Learn about debt consolidation loans
through our free and independent service set up by the government.
There are also no extra charges if you pay off a variable rate loan early. Some
loans are specifically advertised as debt consolidation loans – these allow you to
merge your loans into one. Consolidation loans are now much harder to obtain
and should only be considered ...
Taken out a payday loan and struggling to pay it back? Get help and advice on
what to do and how to limit your interest charges.
Things like credit card bills, unsecured loans, bank overdrafts and catalogue
debts are classed as non-priority debts. The consequences for non-payment of
these aren't quite as great. The companies you owe can't take your home, for
example. At the worst, you could be taken to court and ordered to pay an amount
that is ...
Debt consolidation loans that are secured on your home can be first or second
charge. If it's a first charge mortgage, it means you've taken out a loan for home
improvement – for example, when you have no existing mortgage. Whereas a
second charge mortgage involves setting up a separate agreement with your
Find out about the different ways to deal with help clear or write off your debts if
you are falling behind with day-to-day bills, loan and credit card repayments or
your rent or mortgage.
Many couples take out a joint debt or loan. As a couple, you might be able to
borrow more money. But it's a serious step because each of you could be asked
to repay the full debt if the other person can't. What types of loans and debt can
be taken out jointly? Joint and several liability explained; What about credit cards
– can ...
The interest rate you pay on a personal loan is usually fixed (but not always -
check that it is fixed not variable). You can choose how long you'd like to take to
repay the loan. Remember the length of a loan will affect the amount you're
charged in interest. You can consolidate several debts into one personal loan,
Loan sharks are illegal, dangerous and can resort to intimidation or violence.
Read our guide to find out how to avoid them by considering other options.
Graduates can sometimes leave university with more than £30,000 of debt from
loans and credit cards. This might seem overwhelming but there are ways to
manage your debts. We've pulled together some practical student debt advice to
help you manage your loan and credit card repayments, stay on top of your
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