Month: September 2018

A debt management plan is a method of making reduced monthly repayments towards the creditors of all of your accumulated unsecured debts in order to repay the total sum of the debts in a single preferable more manageable manner. A DMP is set created to assist those struggling to meet debt repayments but who still have money available after paying all essential day-to-day living expenses. You will make one monthly payment to your DMP provider who will make all payments to your creditors on your behalf. A DMP is not a legally binding contract. This means you can cancel and leave the plan at any time you wish. What debts can I include on a DMP? Most unsecured loans can … Read more

If there is one thing for certain in anyone’s life it’s that there will be challenging and adverse circumstances at some point. Bad luck in the form of illness or injury, job loss or family break-ups touches most of our lives in one way or another, regardless of how successful we are. Indeed, it is these setbacks and how we deal with them that shape us as people. You can’t gaze into the future, but you can plan for difficult times, and doing so can save a lot of heartache and uncertainty further down the line as well as plan for the worst. How to Plan For the Worst Know Who To Turn To Recovery is all about the support … Read more

Before you apply for an increase in your credit limit, first ask yourself why you want a boost in your credit. If it is to feed your thirst for shopping or purchase luxuries you don’t need, then you should not pursue it. You will need to justify the bank and yourself that you know how to manage finances before they approve your request. This means you have an excellent record of credit payments for at least half a year. If your credit cards are maxed out, this only proves that you are always late in paying your balances. This usually leads to lenders rejecting your application. With these in mind, here are some ways your credit limit will be allowed … Read more