Times continue to be tough in the UK. Austerity measures introduced by the government are continuing to bite, there are no end of problems with the Euro and it’s members, unemployment is high and to top it all of it’s rapidly approaching Christmas… the most expensive time of year! With all these problems, it’s no [...]

DFH Financial Solutions are all too aware of the various difficulties that can creep up on anyone. Everything can be fine and then a major problem happens – possibly redundancy, an accident or illness – and the level of debt which had previously not been an issue has now become a crisis. The best way [...]

Financial solutions company Think Money has welcomed new figures from the Accountant in Bankruptcy (AiB) which show a fall in the number of insolvencies in the second quarter of the financial year. The company said that this could reflect improving fortunes for borrowers, but added that the figures should also come as a reminder that [...]

If you have debts that you simply can’t afford to repay, one option is an IVA (Individual Voluntary Arrangement). This is a formal agreement with your lenders in which you’ll repay as much of your debts as possible for an agreed period of time, after which your remaining debt will be written off. Your payments [...]

We all like to think that we’re good with money and a new survey from CreditExpert, the online credit monitoring and identity fraud protection service from Experian, shows that 96 per cent of us believe we’re up to speed on our current financial position. No interest in interest The survey shows: • 66 per cent [...]

Modern life depends on our ability to borrow – but what we think contributes to that crucial credit rating and what actually matters are two very different things, as new research from CreditExpert, the credit monitoring and identity fraud protection service from Experian, shows. With personal debt in the UK hitting an all-time high of [...]

If you’ve shopped at TK Maxx since December 2002, your credit or debit card data could have been stolen in the world’s biggest hacker attack. At least 45.7 million payment cards have been compromised and criminals could be using the account information to run up debts in the names of millions of innocent people. If [...]

Over-spending and high borrowings can be a big problem, as the latest Personal Credit Index survey from CreditExpert.co.uk recently found. Around 25 per cent of couples argue about finances and one in 20 split up after rows about money. Jim Hodgkins, managing director of CreditExpert.co.uk answers some of the most common financial worries. I owe [...]

Lenders use credit scores to assess the risk that you will not repay what you owe. A credit score is a mathematical calculation based on information from two main sources your credit report and your application. Each piece of information is allocated a value and each lender uses its own formula to calculate a number [...]

An Individual Voluntary Arrangement (IVA) is one of many solutions for people who are in debt and are struggling to make payments. If you’re at the point where you owe so much money that you are struggling to pay even the interest on them, then an IVA is a solution that you may want to [...]