Whether an IVA is a good or bad idea is largely dependent on your financial circumstances. Of course, every debt solution is going to have its advantages and disadvantages. These need to be considered and weighed up so that you can make an informed choice.
Is an IVA a Bad Idea? Read More »
A Full and Final Settlement is another name for a Debt Settlement Offer.
What Is a Full and Final Settlement? Read More »
If you are considering making a Debt Settlement Offer to one or more of your creditors, then the question of how much flexibility there may be in the negotiations may be at the forefront of your thinking.
How Much Can You Negotiate With Debt Settlement? Read More »
If you have debt that you have found difficult to cope with, but are fortunate enough to receive a windfall of money, whether through inheritance or a release of equity etc. a Debt Settlement Offer can be a great, cost effective way of clearing it down and starting again.
What Is a Reasonable Settlement Offer? Read More »
For some, a Debt Relief Order can provide a great pathway out of debt. But it can have quite an impact on your life. Read on to find out what these areas of impact are and how they could affect you individual circumstances.
What Are The Consequences of a Debt Relief Order? Read More »
Once agreed, a Debt Relief Order (DRO) provides the candidate with a 12 month period, known as the ‘moratorium’. The idea is that, during this time, your creditors are unable to chase your debt and you are not obliged to make any payments. Read on to find out what happens once that 12 month period has ended.
What Happens After 12 Months of a Debt Relief Order? Read More »
If you are looking for a debt solution to fit your needs, then the question of how much debt you have can make a big difference to which options will be applicable to you. Some debt solutions have minimum and maximum amounts.
What Is The Minimum Level For a DMP? Read More »
A Debt Management Plan is an agreement between you and your lenders/creditors and doesn’t need an Insolvency Practitioner to set up.
Can I Do a Debt Management Plan Myself? Read More »
When considering a Debt Consolidation Loan, it is important to be aware of the advantages and disadvantages involved before you take the plunge. Debt Consolidation, involves taking out a loan in order to pay off several separate debts e.g. two credit cards and an overdraft.
What Is An Advantage of Getting a Debt Consolidation Loan? Read More »
It is important to remember that lenders base their entire business model on granting loans to people, so they can make money from the interest. So, if you have had a Debt Consolidation Loan application declined, there must be a reason. Read on to find out what the most common reasons are for a declined Consolidation Loan application.
Why Can’t I Get a Loan to Consolidate Debt? Read More »
