Debt Camel Answers to questions about debts and credit ratings - in plain English!
- Car finance commission – make a claim to the FCA scheme
by Sara (Debt Camel) on April 1, 2026 at 9:12 amThe FCA Car Commission Compensation Scheme was announced on 30 March 2026. The FCA estimates that about 12 million HP & PCP agreements that started between 2007 and late 2024 may be eligible for a refund, averaging £829. Let’s look at some of the details and what you should do now. What car finances are The post Car finance commission – make a claim to the FCA scheme appeared first on Debt Camel.
- “My DMP payment is too high”by Sara (Debt Camel) on March 18, 2026 at 8:00 am
A reader asked if it is OK to reduce your debt management payments when you need to? This is a common problem in Debt Management Plans (DMPs). Sometimes your income falls. Often your essential expenses go up faster than your pay does. And in Spring 2026, with many bills increasing in April and petrol prices The post “My DMP payment is too high” appeared first on Debt Camel.
- Increasing the interest on a credit card – your rightsby Sara (Debt Camel) on March 3, 2026 at 8:21 am
Update: in March 2026, Lloyds, Halifax and MBNA (all card lenders in the Lloyds Banking Group) started sending out emails saying that card interest rates would be increased in May 2026. most of the increases are between 4.25% and 4.5% a year. If your credit card says it is increasing your interest rate, often you The post Increasing the interest on a credit card – your rights appeared first on Debt Camel.
- Has a lender like Next or Barclaycard cut your credit limit?by Sara (Debt Camel) on February 27, 2026 at 11:49 am
When a lender like Next or Barclaycard slashes your credit limit, it can feel like an insult, especially when you’ve been managing your account responsibly. Here are some recent stories I have heard, and a look back at some older examples. These aren’t the only two lenders that do this! Next cutting limits This has The post Has a lender like Next or Barclaycard cut your credit limit? appeared first on Debt Camel.
- Affordability refunds from loansby Sara (Debt Camel) on February 12, 2026 at 3:19 pm
The repayments on many loans and car finance are too high to be manageable so people get deeper into debt trying to repay them. When you applied, a lender should have checked a loan would be affordable for you – often they did not check properly and you should never have been given this loan. The post Affordability refunds from loans appeared first on Debt Camel.
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- What Should You Avoid When Choosing a Forex Trading Platform?by James Moore on May 5, 2026 at 5:21 pm
You face many choices as you enter the forex market, and your trading platform stands at the center of every trade you place. The platform you select affects your costs, your trade speed, and the safety of your funds. A poor choice can create stress and losses that you could avoid with careful review. You The post What Should You Avoid When Choosing a Forex Trading Platform? appeared first on The Money Shed.
- Freelancing vs. Employment: Which is More Profitable?by James Moore on May 4, 2026 at 5:25 pm
The clean answer is less romantic than people want. In the UK labor market for December 2025 to February 2026, there were 29.66 million employees and 4.47 million self-employed workers, while the ONS said median gross annual earnings for full-time employees who had stayed in the same job for at least a year reached £39,039 The post Freelancing vs. Employment: Which is More Profitable? appeared first on The Money Shed.
- Betting Sites Not on GamStop: What UK Punters Should Check Firstby James Moore on May 4, 2026 at 5:16 pm
Not every betting “opportunity” is as clever as it looks. Anyone who has spent time around matched betting, cashback offers, free bets, or betting exchanges knows the golden rule: read the terms before you put money down. That matters even more with betting sites not on gamstop, because these platforms sit outside the standard UK The post Betting Sites Not on GamStop: What UK Punters Should Check First appeared first on The Money Shed.
- Mobile Platforms Are Changing Betting Revenueby James Moore on March 17, 2026 at 8:32 pm
Accessing wagering on your phone has changed how wagering is combined with online revenue. Many providers are creating mobile-friendly interfaces, fast updates of information, and more flexibility for users to access their accounts. The use of the 1x bet option will continue to increase as mobile-first technologies continue to be used, and user engagement will The post Mobile Platforms Are Changing Betting Revenue appeared first on The Money Shed.
- How to Spot a Dodgy Crypto Side Hustle Before You Lose Moneyby James Moore on February 4, 2026 at 7:37 pm
Crypto side hustles are everywhere right now. Some of them are genuine. Most of them are rubbish. I’ve lost count of the DMs I’ve seen promising “passive income from crypto” or “guaranteed returns with zero risk.” If you’ve spent any time in UK money-making forums, you’ve probably seen them too. The problem isn’t that crypto is a scam. The problem is that scammers love crypto because The post How to Spot a Dodgy Crypto Side Hustle Before You Lose Money appeared first on The Money Shed.