By MTaylor on April 9, 2009
If you are struggling with unmanageable debts that you cannot see yourself repaying within a realistic period of time, an IVA (Individual Voluntary Arrangement) could help. An IVA can allow you to avoid bankruptcy by agreeing to repay a set percentage of your debts over an agreed period of time, after which the remaining debt [...]
Posted in Personal Finance
By MTaylor on March 25, 2009
For people struggling with unmanageable debt, one of the worst parts can be the feeling of loss of control. Your commitments can often leave you with little money to spare, and any unexpected costs can make the problem even worse. However, regaining control can often be easier than you think. Here we look at a [...]
Posted in Personal Finance
By MTaylor on March 24, 2009
Are you considering bankruptcy? Depending on your circumstances, bankruptcy may indeed be the best way forward, but there’s a good chance there are alternative solutions to your debt problems – and it’s essential you look into them before you commit yourself to anything. On its website, The Insolvency Service itself states that: ‘Bankruptcy should always [...]
Posted in Personal Finance
By MTaylor on March 17, 2009
If you’re looking to get out of debt, choosing the right debt solution is important. Each debt solution is designed to suit people in different situations, and the right choice can make a big difference to how quickly – and how easily – your debt problems are solved. Debt management plan If you are struggling [...]
Posted in Personal Finance
By MTaylor on March 16, 2009
A debt management plan can make a big difference to your ability to repay your debts. A debt management plan is an informal arrangement between you and your creditors which allows you to repay your debts at a more manageable pace. You can choose to arrange a debt management plan alone, but many people prefer [...]
Posted in Personal Finance
By MTaylor on March 14, 2009
In some cases, they key to getting out of debt effectively is simply managing it properly. The first and most important rule of debt management is that you should never ignore the problem. Your lenders will soon notice if you have been missing payments, and the consequences can often be serious. Instead, at the first [...]
Posted in Personal Finance
By MTaylor on March 14, 2009
In today’s credit markets, loans have become relatively hard to find as well as more expensive. While they are still available, many people are discovering they can’t find a loan charging the kind of interest rates we were used to seeing a year or two ago. Under these conditions, does debt consolidation still make sense? [...]
Posted in Personal Finance
By MTaylor on March 13, 2009
There are a number of ways to get out of debt – but once that’s done, staying out of debt is just as important. It’s easy to fall back into the same habits that led to your problems in the first place. However, by taking a few preventative steps, you can ensure that you stay [...]
Posted in Personal Finance
By MTaylor on March 10, 2009
If you are struggling with very large debts – usually 15,000GBP or higher – then you may be eligible for an IVA (Individual Voluntary Arrangement). IVAs prevent thousands of people from going bankrupt every year, and are widely considered a preferable alternative to bankruptcy. What is an IVA? An IVA is a legally-binding agreement allowing [...]
Posted in Personal Finance
By MTaylor on March 1, 2009
Finding the right debt solution for your situation can make a big difference to your ability to repay your debts, as well as how long it takes you to repay them. There are a number of solutions for people who find themselves struggling with their debt, all of which are more suitable for certain situations [...]
Posted in Develop Your Skill
