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Personal finance guides

Explore our comprehensive guides to learn about various aspects of personal finance.

bankruptcy

Bankruptcy: The Afforda guide

July 8, 2024 6 minutes
Bankruptcy is a legal option for individuals to deal with debts they cannot pay. It is for individuals only and does not apply to companies or partnerships. Going bankrupt means that you won’t be liable for most of your debts. This means you won’t ha...
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best budgeting apps

Best budgeting apps in the UK

June 13, 2024 10 minutes
The best budgeting apps in the UK automatically track your income and expenses, so you can spot ways to save money and reduce debt. There’s a wide range of budgeting and personal finance apps that can help you get control over your finances. Budgetin...
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breathing space

Breathing Space: Temporary Debt Relief Explained

June 28, 2024 5 minutes
Breathing Space is a debt option that provides temporary protection from the creditors you owe money to if you are struggling with debts. This includes:freezing most interest, fees, and charges on debts; and pausing most enforcement action and contac...
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budget for irregular income

Budgeting Tips for Irregular Income

July 17, 2024 10 minutes
Budgeting with an irregular income can feel tricky, but it is possible with the right strategies. Follow our tips to create a flexible budget and take control of your finances.
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can you get loan if have iva

Getting a loan if you have an IVA: Can you apply?

May 9, 2024 8 minutes
You might be able to get a loan if you have an IVA (Individual Voluntary Agreement). But you’ll need to be aware of certain rules before applying. Generally, you won’t be able to borrow more than £500 when you have an IVA. If you need to borrow more ...
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can you get loan if retired

Can you get a loan if you are retired?

May 10, 2024 10 minutes
It is possible to take out a loan if you’re retired. But lenders will look at several factors before offering you a retirement loan. These may include whether you have an income (such as your pension), whether you have any assets (such as property), ...
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can you get loan if unemployed

Can you get a loan if you are unemployed?

May 9, 2024 7 minutes
You might be able to get a loan if you are unemployed, but it will be harder to get and more expensive than if you had a job. Britain’s mainstream lenders, the high street banks, usually require borrowers to be in employment, preferably with a regula...
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can you get loan receive benefits

Can you get a loan if you receive benefits?

May 13, 2024 8 minutes
With more than 22 million people in the UK receiving government benefits, it’s hardly surprising that several lenders will offer loans to people claiming benefits.
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can you get loan self employed

Can you get a loan if you are self-employed?

May 13, 2024 8 minutes
You can get a loan if you’re self-employed. You’ll find it easier to get a loan if you have a good credit history, meet the lender’s affordability requirements, and can provide the necessary documents to show you can manage your loan repayments.
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