Why waste your hard-earned cash on fumes this winter?

According to Direct Line Car Insurance, drivers who leave their car engines running while defrosting their windscreen, will waste £50 million this winter.

It may only take an average of three minutes to defrost your car, but with rising fuel prices, it could end up costing you dearly during a long, cold winter. The combined wasted fuel amounts to the equivalent of over 200 million road miles. That’s more than 13,000 laps round the world, for an average-sized car!

Read the full story at Telegraph.co.uk.

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Financial Planning Week: five money-saving tips that might come in handy!

In case you didn’t know, this week is Financial Planning Week, and to mark the occasion we’ve started pulling together some money-saving tips that we picked up on Twitter.

Below is part one of the top tips we found, which could help you save your hard-earned cash – and turn your debt around if you struggling financially.

What better time than Financial Planning Week could there possibly be to review your economy and think about how you could cut costs? So have a look at our document and see if any of these tips could work for you!

Also, if you have any debt-busting tips of your own that you would like to share with is, please feel free to post them on our Facebook page, or if you are on Twitter, tweet them to us: @TurnDebtAround

Happy financial planning all!

Happy Friday everyone! It’s a lizard’s life for some…

We quite like a little bit of light fun at the end of the working week, and who better to show us the way than our resident lizard, Elliot – she knows how to have a good time.

Here she is, about to take her bike for a spin and looking mighty pleased with herself! Maybe she’ll run by the deli and pick up some crickets for dinner; maybe she’ll just cruise for a bit, then head home for a big old nap under her heat lamp. It’s a hard life. 

What are your plans for the weekend? Have a good one, whatever you get up to!

Elliot_on_her_bike

 

Payday loan companies told to shape up!

The Office of Fair Trading (OFT) has warned payday loan firms to improve how they lend money and collect debt, or face fines and possibly even closure.

In an interim report, the OFT says most of the 50 big payday loan companies it looked at do not follow its rules, and that it is concerned by the level of irresponsible lending and aggressive debt collection.

Read the full story at: BBC.co.uk

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Popularity of payday loans on the rise

According to R3.org.uk, five million British adults say they are likely to take out a payday loan in the next six months. That’s 1.5 million more people – a rise of about 50% – compared to those who were considering it this time last year.

The payday loan option is growing in popularity among young people in particular, with more than one in four (26%) of 18-24-year-olds saying they are likely to go for it. Furthermore, 13% of adults admitted they have prioritised paying back this type of loan over basic essentials, like food.

Source: R3.org.uk

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What you need to know about Individual Voluntary Arrangements – at a glance!

On the 6th of November, we shared a fact sheet about Protected Trust Deeds on our blog – a debt solution for people living in Scotland.

Continuing on in our quest to provide you with useful and easy-to-grasp overviews of a range of debt solutions on our blog, we’ve now pulled together a similar fact sheet about Individual Voluntary Arrangements (IVA), the English equivalent of a trust deed.

At Turn Debt Around, we can offer no strings, impartial debt advice as well as a range of debt solutions, but we want our customers to make an informed decision.

We will be posting more fact sheets about other debt solutions going forward, but if you want to find out more about IVAs and other debt solutions just now, give us a ring on 0131 777 3039 for a no obligation chat, or visit the Debt Solutions page on our website.

Nick Clegg to announce flexible parental leave

Deputy Prime Minister Nick Clegg is to announce plans for a new, flexible parental leave system, that will allow both parents to share up to a year’s leave after their child is born.

The idea is to create better career opportunities for women, who are often disadvantaged professionally as they start to plan their families and go off on maternity leave.

Under the new system, only the mother will be able to take leave in the first two weeks following birth, but after that, both parents can share the rest of the year between them. Women in employment will still be able to take the full 52 weeks if they wish.

Read the full article at Guardian.co.uk.