A Clear and Honest Approach to Short-Term Lending

Why is there a market for Short-Term Lending? Research conducted by the Money Advice Service in 2016 concluded that 40% of the UK’s working population have less than £100 in savings. This is a frightening statistic. It means that many millions of people have no buffer should they suffer even a mild emergency. Something as simple as their washing machine breaking down will cause them financial hardship. The lack of savings is only partly a function of income. Many relatively well-off households (income over £30,000 p.a.) who aren’t classified as “low income” struggle to save. On the other hand it has also been shown that nearly 25% of adults on “low income” (earning less than £13,500 p.a.) have managed to build up savings of over £1,000. The issue therefore seems to be more to do with a poor “savings habit” driven in part by today’s consumer society – after all we’re constantly bombarded with advertising messages tempting us to part with our cash. Perhaps we s


What are your Child Care Options in the UK?

The law in the UK makes it very clear that it’s not acceptable to leave a child on their own if it puts them at risk (it’s also a criminal offence). As a result, childcare is a requirement for many families, whether single or dual parented. According to the Department for Education, in 2016 there were roughly 3,092,100 childcare places available, split across nursery, childminders and group and school providers. However, finding the right provider, securing a place for your child and getting help with the costs can be a complex and frustrating experience. What help is available? Childcare costs make up a part of the Working Tax Credit and, if you’re eligible, you could get help with up to 70% of the cost of childcare (working families on Universal Credit could claim up to 85% of monthly childcare cost). To be eligible, parents need to be working at least 16 hours a week and earning below a certain level. There are also restrictions on the childcare provider you can use – the g