I Am In a Token Payment Plan And Getting Nowhere. What Can I Do?

GBP

Question Jon your advice to people is greatly appreciated, and I need some of it. I was made redundant a few years back, and entered into a debt management plan at that time. I have only found part-time work here and there over the past few years. When the pandemic hit I went to a […]

How Can I Pay Off Debts I Left In Another Country?

Pound notes and coins

One of the many questions I get asked many times is about being in debt and travelling, and also about leaving unpaid accounts and debts behind in another country. The fact is for the majority of countries in the world, debt is not a crime, so it does not have any affect on travelling. And […]

Help, I Need Some Direction As To How To Get Out of Debt.

man with a bag of debt

Question I hope you can give me some direction on this as I am lost when it comes to money problems. I lost my job last Autumn due to the pandemic, and have not been able to find any jobs that paid nearly what I was earning. I am working part-time at a local supermarket, […]

Can I Qualify For a Debt Relief Order?

erasing debt

In as much as things change, they stay the same. Insolvency is insolvency, and some of the outcomes from insolvency can be going bankrupt, or entering into an IVA/Individual Voluntary Arrangement. In April 2009, a new form of insolvency was created and it was termed a Debt Relief Order or DRO. One of the reasons […]

Is Being in Debt Bad?

bad and good signs

I get asked a lot of questions over the years: Can I travel if I am in debt? Will I get stopped at the airport if I have debts? Can I get a Visa if I am in debt? Am I responsible for my partner’s debts? How to get out of debt? That is a […]

Do I Owe a Loan From 10 Years Ago?

watch

Question Hi Jon, I took out a loan with Black Horse over 10 years ago. I ran into some financial difficulties and stopped making payments. Since then I have moved quite a few times. I have not heard from Black Horse or anyone about the loan for almost 10 years. I always check my post, […]

Help, I am Being Harassed By a Collection Agency!

Unopened post

Question How do I get a collection company to stop contacting me? Answer You can send them some form of correspondence either in either an email, and/or in writing via the post, requesting they cease communication with you. The issue with this is that you then may no know what they are doing, meaning they […]

Why Did The Bank Require a Guarantor For My Loan?

loan application

Question My question is this, I applied for a loan to do some upgrades on my home. I do not own it, I am a tenant in a housing association property. The loan was for £3,000, to buy a new fridge, washer, carpets, do painting, and in general redo the house. The bank said I […]

Gambling and Being in Debt

blackjack hand

As Kenny Rogers once sang, “You’ve got to know when to hold ’emKnow when to fold ’em”. Another saying in gambling you always need to keep in mind is “the house always wins”. So why do people gamble? For some it is entertainment, it is fun to play some of the games. For others it […]

If I Go Bankrupt, What Are The Restrictions?

letters spelling bankrupt

Bankruptcy restrictions, or the rules you must follow if you go bankrupt, are few, but they can be how you say….restrictive. When you go bankrupt, or enter into bankruptcy, you are in essence saying I can no longer handle my finances and the debts I owe, and I need help. That help comes in the […]