*This is a collaborative guest post
A Trust Deed is a legally binding voluntary agreement between you and your creditors (someone you owe money to), and is only available to Scottish residents. If you live in England, Wales or Northern Ireland, there is a similar arrangement called an IVA – however there are different fees, risks and benefits associated.
I have credit cards that I use regularly. I do my day to day spending on them, paying them off in full each month and earning some sort of reward on each of them – points that I can convert into anything from days out to holidays.
*This is a collaborative guest post
Sometimes unfortunate things happen to good people. Whether it’s bankruptcy, a failed business, a death in the family, divorce, or illness, all of these hapless circumstances typically lead to a bit of depression, some anxiety, and the dreaded bad credit.
*This is a collaborative guest post
As of September 2016 people in the UK owed £1.503 trillion. This is up from £1.451 trillion at the end of September 2015. While owing money may be a normal part of life, it can get out of control and severely impact your life. You might spend years paying off a debt, like student loans. Having a burden like this hanging over your head is stressful. Paying your balance off as quickly as possible is important, but you don’t have to sacrifice the quality of your life to do so.
*This is a paid post
If you want to be accepted for a mortgage, car finance or a credit card, it is vital that you have a good credit score.
Many of us do not think about our credit scores until we need them, leading us to lose out on the best deals, or in some cases, not being accepted for credit it at all.
*This is a paid post
Throughout my adult life I have come across all sorts of deals on store cards, offers that make you want to buy something right there and then, that make anything you dream of seem within reach. Store Cards can be great – with an interest free period at the start they allow you to buy that dream dress, piece of furniture or TV. Purchases you have thought long and hard about or impulse purchases when you see something you love but can’t necessarily afford right now.
Today is a momentous occasion for Dave and I.
Today we are debt free – Aside from our mortgage, a necessary debt really!
Dave and I have had credit card debts/car finance/loans for the whole of our relationship and most probably the whole of our individual adult lives.