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 »
Assets are the things you own, whether that’s a house, car or electronic equipment. Many people, when entering any debt solution, are often concerned about how much they will lose and to which extent their lives will be altered. Read on to find out more about how an IVA might impact on your assets.
Do You Lose Assets With An IVA? Read More »
Whether an IVA (Individual Voluntary Arrangment) will ruin a person’s life is a question that gets asked a lot by potential candidates, weighing up their options. It is important to recognise the many potential benefits of an IVA, however as with most things in life, there can be some disadvantages as well.
Will an IVA Ruin My Life? Read More »
If you are facing bankruptcy, it is essential that you go in to the process with your eyes open to the impact it could have on your future. That includes knowing which debts you may still be facing during the bankruptcy or after it has finished.
Does Going Bankrupt Clear All Debts? Read More »
To apply for an Administration Order you first need to fill in an application form and hand it in to your local court. The N92 form can be found here.
How Long Does An Administration Order Take? Read More »
When finances are tight, making a meaningful dent in your debt can feel like an impossible task. Unfortunately, there is no escaping the fact that, if you want to increase your repayments, then you will either need to cut you outgoings or increase your income. Read below for some tips on how to do this.
How Do I Get Out Of Debt With No Money And Bad Credit? Read More »
The world is an ever changing place, and just because we could afford debt at the point at which we took it on, doesn’t mean that we can always afford it later down the line. This is a risk we all take when taking out loans etc, but it is also the risk the lender takes when they agree to allow you to borrow.
Can My Debt Be Written Off? Read More »
When finances are tight, making a meaningful dent in your debt can feel like an impossible task. Unfortunately, there is no escaping the fact that, if you want to increase your repayments, then you will either need to cut you outgoings or increase your income. Read below for some tips on how to do this.
How Can I Clear My Debt With No Money? Read More »
An IVA has proven to be an extremely effective debt solution for many people in the UK, however it is important to get a clear idea of how it may or may not affect your life.
How Does an IVA Affect Your Life? Read More »
If you have been lucky enough to receive a windfall of money and you want to use it to clear off some debt that has been troublesome in the past, then a Debt Settlement Offer can be a great way of doing so. A DSO involves contacting your individual lenders and ‘making them an offer’. The offer you make should obviously be lower than the actual amount you owe. Under the correct set of circumstances, your lender may consider it in their own best interests to take the money. But how much should you offer?
What Percentage Should I Offer to Settle Debt? Read More »
