Roy Keane’s supposed philosophy in relation to football at least was neatly summarised in the catchy phrase: ‘Fail to prepare, prepare to fail’. People talk these days about what they call ‘unsustainable debt’ usually referring to the national debt of countries such as Ireland or Greece but sometimes in the context of personal debt. Continue reading
Debt Help
Read our Debt Help articles. If you are struggling with debt and need help, get in touch with our debt advisors.
Help with Debt
Personal debt problems are a worry for many people today. If you feel that your finances are out of control you are more prone to suffer from stress which can lead to bad health. Continue reading
Debt after Christmas
Even if we didn’t overspend at Christmas, it somehow feels as if we did. Spending just seems to expand so as to consume all available cash and then some. It doesn’t seem to matter if we are paid weekly or monthly, Christmas just seems to be like a good vacuum cleaner, sucking up every spare penny. Continue reading
Get debt help
Some years ago a famous advertisement proclaimed that ‘It’s good to talk’. When it comes to resolving debt problems the first option should always be to talk about it. Even when the problems seem intractable, you should at least try to talk to your lenders. It is particularly important that you seek debt help when you begin to miss payments or when you have made late payments or when you have begun to pay your creditors selectively over other creditors, say if certain creditors are putting you under pressure. This behaviour is unfair on the creditors who are treating you better i.e. not putting you under pressure nor sending debt collectors to your door, nor taking legal action against you. Continue reading
Doing an IVA from abroad
A question that we are asked regularly is if someone who has debts in the UK and lives outside of the UK, can they do an IVA in the legal jurisdiction of the UK while still continuing to live abroad. The short answer to this question is ‘YES, but…!’ Continue reading
Joint debts in an IVA
If you are insolvent and considering offering IVA proposals to your creditors you should be aware of the standard treatment of joint debts in an IVA and how your IVA is affected if you have one or more debts jointly with your spouse or partner. A joint debt is a debt taken out by two or more people but in most cases just by two people.
Continue readingFair treatment for Mortgage Arrears
So you have fallen into arrears with your mortgage payments. Bear in mind that this is not a hanging offence. It is not even a criminal offence. In fact there are certain standards that you can expect your mortgage provider to adhere to as you try to cope with the inevitable stress of the situation. Continue reading
Worried about losing my home
If you are a homeowner and cannot afford to repay your debts, your property may be at risk. The people who lent money to you will want to get their money back in full and on time. Continue reading
College Students Facing Debt Problems
Many students who expect to graduate this year can have loans of £25,000 or even more to dampen their determination when they seek to join a less than buoyant employment market. Research studies have found that half of those individuals presently graduating imagine that it will take them a minimum of ten years to repay their student obligations while ten percent believe it might take as long as two decades to be free from debt. Thanks to university tuition costs inexorably escalating every year, the average student liabilities may well escalate to as much as £80,000. Continue reading
Different Types of Personal Debts
We quite possibly have difficulties in differentiating between distinct types of consumer debt and banks can be less than useful in explaining these distinctions. One difference which is crucial to be familiar with is whether a particular liability is secured or unsecured. For example take circumstances where you are contemplating buying a car or some other type of motor vehicle. There are a wide variety of ways that you might use to pay for your new or second hand vehicle. If you have the available funds, you may pay wholly in cash. Then again you might purchase your vehicle through trading in your old car and paying the rest in cash. Continue reading