In November 2017, the Northern Ireland Bankruptcy Legislation change and one of these changes meant that a creditor cannot apply to petition a client for personal bankruptcy if the debt is under £5k.
The Open Banking initiative commences on 13th January 2018 and was created by the Competition and Marketing Authority, who identified many customers are paying more than they should for their banking activities.
My monthly goals are set for the New Year before Big Ben chimes on New Year’s Eve. Typically, I set small achievable goals for different areas in my life, so I see small results and I don’t fail by first week in February. I still like you, assist clients set goals with budgets every day
Michael Lyttle explains how the impact of recession, welfare reform, spending cuts and unemployment is severely effecting the already disadvantaged members of society that we serve. Michael explains some superb Apex initiatives.
Financial Capability refers to our ability to manage money well day to day, prepare for and manage life events, and deal with financial difficulties. It also focuses on our financial skills and knowledge as well as our attitudes and motivation.
Sometimes useful and sometimes harmful for individuals with short term cash flow issues...... overdrafts explained in a little detail.
More vulnerable, poorer borrowers who maybe have zero-hour contacts or self-employed, part time work will be less able to repay the lump sum of their mortgage are likely to be seeking advice, which is why the FCA is ramping up efforts to encourage banks and borrower seek new arrangements.
On 9 March 2018, legislation was introduced which allows us to test a new payment plan.
TRIGGER FIGURES TO BE USED FOR APPLICATIONS SUBMITTED ON AND FROM 1ST MAY 2018
Gambling is not an allowable expense for a person entering into a Debt Relief Order, however how does it impact on the self-employed people who earn their income from a form of investing?
