On average, the payout for a PPI claim is approximately £3000 — and there’s a likelihood that you’ll be owed a similar amount. That figure alone should be all the motivation needed to at least check if you’re owed PPI, but that’s not the only reason to keep in mind…

Why Now Is the Time to Check If You’re Owed PPI

On average, the payout for a PPI claim is approximately £3000 — and there’s a likelihood that you’ll be owed a similar amount. That figure alone should be all the motivation needed to at least check if you’re owed PPI, but that’s not the only reason to keep in mind… You will likely have already heard of Payment Protection…

A bailiff has the right to take away some of your possessions, with the exception being anything you cannot live or work without. They can sell any possessions they lift from your home to raise money that is paid to your creditors for your outstanding debt.  As I mentioned earlier, they can be a court official or employed by a private company. Bailiffs usually won’t get involved unless the case has already been to court and you were unable to come to an agreement with your creditors.

How To Deal With Bailiffs And Debt Collectors

If you’ve received notification that you have bailiff action coming your way, you need to clue yourself up about what powers bailiffs have, quickly. Put aside any notions about burying your head, you need to move extremely swiftly in dealing with bailiffs and debt collectors.    I’m going to need you to forget what Janet from around the corner…

Debt can be all consuming if left to get out of control. But, how can you tell if your debts have become a problem that you need help with?

How Do You Know You Have Debt Problems?

Do you know what debt is? Sounds like a silly question right? But, you’d be surprised how many of us don’t understand the meaning of it enough to recognise whether it has become a problem. A simple definition of debt  is a sum of money that is owed or due, a financial obligation that you are bound to pay…

Parking tickets shouldn't cost you your life!

Parking tickets are expensive – but shouldn’t cost you your life

Jerome Rogers, a 20 year old courier, got a couple of parking tickets last year that he couldn’t afford to pay. After these were sent to the bailiffs, two £65 tickets ballooned to a debt of over £1,000. A bailiff clamped his motorcycle so Jerome couldn’t earn any money at all and he killed himself. But this isn’t just…

If you think you're to young to start investing you're wrong, in fact, you're in a better and stronger position to get started. Here's why!

5 Reasons Why The Early Bird Catches The Worm When It Comes To Investing

I have long advocated the need for financial education whilst we are younger, even more so now in a modern world where the cost of living is forever increasing and the state pension becomes stretched so far it will  barely make ends meet by the time millennials and Generation Z have chance to draw from it. Whilst compulsory company…

Being refused credit is frustrating. But what should you do to give yourself the best chance of being accepted in future by other potential lenders?

What You Should Do If You Have Been Refused Credit

Being refused credit can be so annoyingly frustrating, trust me I’ve been there when I was told I needed credit to be taken seriously for a mortgage. Regardless of who Experian, at the time, were recommending, I was having no luck whatsoever in getting anyone to accept me. Little did I know then, there were ways in which I…

Banking jargon can be difficult to understand, especially when nobody has taken the time to explain it to us. In this guide I have debunked many of the most common types of banking jargon!

Banking Jargon Debunked: What Does It Mean?

Financial agreements and products come full of banking jargon and terms that most of us don’t understand. In fact, it’s safe to say that up until a few years ago, some of the banking jargon used in my mail may as well have been written in Japanese for all I understood about it. I recently asked my work colleagues to…

Can you believe that unexpected boiler repair costs came to a mahoosive £787 million last year for people without boilercare? Well believe it, because it happened, and if you're a homeowner without it you're playing Russian Roulette with your finances. If you think that sounds like a bit of an exaggeration, let's look at the at the facts. Five million homes were affected by a broken down boiler last year with the average bill totaling £270. However, 250,000 (5%) of those five million homes faced boiler breakdown costs of £1,250+ for the repairs. The average UK household just isn't equipped financially to deal with an emergency of this kind. A recent study discovered that low income families have paltry £95 in savings to deal with an emergency should disaster strike. Something as simple as a boiler breaking down could set someone off spiraling into debt, playing catch up and left robbing Peter to pay Paul. If you lack a sufficient emergency fund it is imperative that you have the right cover in place in case the worse comes to the worse.

Why Every Homeowner Should Have Boilercare

Can you believe that unexpected boiler repair costs came to a mahoosive £787 million last year for people without boilercare? Well believe it, because it happened, and if you’re a homeowner without it you’re playing Russian Roulette with your finances. If you think that sounds like a bit of an exaggeration, let’s look at the at the facts. Five…

Finance Blogs

Enjoy this blog? Please spread the word :)

Copyright © 2015 - 2017 Thinking Thrifty mytaste.uk