Pocket Money Management

Pocket Money Management

Money management can help to reduce the risk of your child getting into unmanageable debt later in life. We place incredible importance on education in the UK, however, financial education is something that is almost never taught to children. This can lead them to make avoidable mistakes in the future that could burden you as much as it does…

Basic Bank Accounts

Basic Bank Accounts: Why Do They Take Us For FUNTs?

Basic bank accounts are available for all. So why aren’t they advertised properly by the banks? FUNT is a term coined back in 2008 for somebody who is ‘Financially UNTouchable Unbelievably, there are still over one million people in the UK do not currently have their own bank account, a rather shocking statistic really when you consider a basic…

Debt Management

Debt Management: Have you been mis-sold?

Hot on the heels of mis-sold PPI and bank accounts, comes mis-sold Debt Management Plans. The Financial Conduct Authority (FCA) have identified that many Debt Management Programmes (DMP) could have been mis-sold to consumers. What is a Debt Management Plan? A Debt Management Plan is an informal debt solution which is primarily aimed at consumers who are struggling to…

Credit builder

Credit Builder Could Help A Poor Credit History

Credit builder could be a way for you to have a completed loan appear on your credit file without the risk of running up unnecessary debts. People who have had little or poor credit history can often find it difficult to obtain credit as to lenders they are not seen as a particularly safe bet. I found this out…

Purchase Protection

What You Should Know About Purchase Protection

Today was a classic example of why you should shop smarter with purchase protection. A girl in my office was left seething today after being ripped off by an unscrupulous trader on the internet. She had made the mistake of purchasing from a dodgy website. The Michael Korrs bag she was expecting to receive was nothing more than a…

PPI

Why The PPI Clock Is Ticking And You Need To Claim It Now

The PPI scandal shows no sign of going away. After a supreme court decision last year decided that if a PPI seller neglected to advise the consumer that they had been paid a commission from the products provider that the sale was unfair and mis-sold. Susan Plevin, a 59 year old college lecturer, and the subsequent court judgement, has…

balance transfers

Why 0% Balance Transfers Aren’t Free

Balance transfers appear next on the FCA’s hit-list. Just when you thought there was nothing left for the Financial Conduct Authority (FCA) left to tackle, Which? The consumer group, have announced today that we are not necessarily getting all the relevant information when it comes to 0% balance transfers. £334m is paid in balance transfer fees each year Not…

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