Tag Archives: dealing with debt

I keep getting mail for someone who doesn’t live at my address

By Neil Stone, Social Media Executive

man receives bad news in the post.Post in other people’s names
It’s great to come home and find letters waiting for you on your doorstep but when the letters turn out to be for a previous resident or even someone that has never lived at your address it can be frustrating. If it’s a demand for payment it can also be understandably worrying.

The good news is that as long as you have no financial connection to the individual (such as joint account) then their information will not affect your credit report in anyway.

This is because all credit checks are done by name, and not address, so lenders won’t see or use information relating to the other person when checking your report.

The best thing to do is to return the letter unopened to the sender clearly marked as “not at this address”. The lender should then look for their customer elsewhere.

Sadly we can’t prevent a person from using an address to apply for credit, or stop lenders from contacting their customers at an address, but by regularly returning the post the lender will stop trying to contact them. Continue reading

What kind of financial future is in store for us?

What kind of financial future is in store for us when we’re older? With house prices higher than ever and the cost of living making putting away savings a real challenge for many, there is plenty that may make some feel the glass is half-empty rather than half-full.

Almost half (44%) the people asked in a new Experian survey of over-55s[1] say they are concerned about their financial future, with over half (56%) worrying about not having enough savings and (55%) not having disposable income.  In fact, 40% have concerns over high monthly bills.

Video: Money through the generations – the future of money

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Chinese New Year: Pay off your debts

chinese-new-year-300Did you know the Chinese New Year takes place on Monday 8 February?  The 12 cycles of the Chinese Zodiac calendar are of course represented by animals, and this year it’s the Year of the Monkey.

Among several traditions surrounding Chinese New Year, one is to pay all your debts.  This is because there is a belief held by some that if you don’t pay off debts ahead of the New Year, then you might find that you’ll end the year in similar shape.

One place to start dealing with debt is to check what’s on your credit report. Continue reading

Budgeting For The Year – guest post from Provident

budgeting image-300Guest blog post supplied by Provident 

We know that many people budget daily, weekly or monthly. For our customers, budgeting is a way of life and many know how much comes in and out of their account by the penny.

How you budget can be dictated by how and when you get paid, but have you thought about looking at your finances for the whole year?

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One in four feel pressure to overspend at Christmas

Guest blog post from National Debtline, the free debt advice service run by the Money Advice Trust.

MCC logo-350Do you ever get the feeling that you overspend at this time of year?

Research carried out by National Debtline has revealed that one in four people feel under pressure to spend more than they originally planned this Christmas.

Promotions such as Black Friday, as well as the expectations of children, partners and other relatives are cited as common factors contributing to overspending.

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