By Mr Bankruptcy 30th March 2021 The popularity of ‘buy now, pay later’ schemes has soared during lockdown, with 5 million people in the UK taking on this kind of financial commitment last year. Two questions arise in my mind: Why have they become so much more popular and – more importantly – what do […]
Read moreBy Mr Bankruptcy 23rd March 2021 According to the Chancellor of the Exchequer, the aim of his 2021 budget was to ensure that it “meets the moment”. For the Government, this means a budget that supports jobs and businesses as the restrictions around the pandemic lift and we return to a more normal way of […]
Read moreBy Mr Bankruptcy 17th February 2021 Making the changes required to take control of an unmanageable debt problem is tough. It requires a change in both spending and saving habits. However, the one thing harder to change than a habit is a belief, so if you’ve already come to the conclusion that you must bring […]
Read moreBy Mr Bankruptcy 29th January 2021 The Covid pandemic has had a serious impact on individuals and businesses, and many people are going to need help with unmanageable debt in the months and even years to come. The true extent of the effects of lockdowns and a restricted economy is now being understood and the […]
Read moreBy Mr Bankruptcy 11th December 2020 Was it only a year ago when we were talking about the real cost of Christmas, and how the debt burden for many people increases? Now, after so many more people are facing financial uncertainty, the fear that Christmas will only exacerbate debt problems will only have increased. But […]
Read moreBy Mr Bankruptcy 26th November 2020 Lockdown followed by the impact of Covid-19 restrictions have led to many people losing their income or seeing it severely reduced overnight. Banks and lenders have reacted by introducing short term payment holidays to support their customers while they adjust to their new situation. The time period for payment […]
Read moreBy Mr Bankruptcy 29th October 2020 Lockdown has seen the rise of a hoard of zombie companies across the country. The Guardian newspaper reported that 20% of businesses in Britain are zombie companies; could yours be one of them? What is a zombie company? A zombie company is the name given to businesses that can’t […]
Read moreBy Mr Bankruptcy 30th September 2020 Being made redundant is a situation many people may soon be facing. Suddenly losing your job throws all sorts of challenges and uncertainty in your path even when you think your life is in order. It’s even more difficult if you’re already in debt, when your debt can become […]
Read moreBy Mr Bankruptcy 22nd September 2020 At a time when many people are feeling financial pressure it can be tempting to go for a quick fix to a short-term cash flow problem, but are payday loans the best option? Why would you consider a payday loan? Payday loans are known for being expensive in the […]
Read moreBy Mr Bankruptcy 25th August 2020 When the Chancellor announced the Job Retention Scheme, commonly known as furlough, millions of employees and businesses breathed a sigh of relief as it provided some short-term security whilst the UK and the world adjusted to managing the global Covid-19 pandemic. Now that the furlough scheme is due to […]
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