Jane got out of a violent relationship 5 years ago. In the process she lost just about all she had, which included her job. Throughout her marriage her husband had been accumulating debts many of which were also in her name. Jane’s total indebtedness amounted to £124,000. She managed to get a new job but shortly afterwards she became pregnant from ...

Most people believe that being debt free is an unattainable dream, especially with today’s economy, it seems a little impossible. However, with the growing debt crisis happening, there are also a growing number of solutions offered to all types of financial situations to help you manage your debt. Debt Free IVA is one of these many options that can help you on...

Do you need help coping with debt? Perhaps you have lost your job, or you can’t keep up with credit card repayments. There are several debt solutions available. Here are some hints to get by: Speak to your Lender Its vital that you speak to your lender as soon as you realise there is a problem.  If you can show them your income and regular outgoings they may...

A debt collection agency refers to a business whose aim is to pursue for payments on debts which may be owed by individuals or it may be owed by businesses. Hence a debt collection agency operates more like an agent of creditors. They collect debts from the debtors & charge a fee or a percentage of the total amount which is owed. This is as per their discussion...

You must have felt burdened by an unanticipated expense many times in your life such as a huge car repair bill or a medical bill. What is the best way to handle such an expense when you are already short on cash? Should you pay for it using your credit card and pay for it along with a huge interest. If you don’t have a credit card and have maxed out on all...

IVAs (Individual Voluntary Arrangements) are a formal, legally binding debt solution – a form of insolvency. They are seen by many as a preferable alternative to bankruptcy (this is partly because an IVA is very unlikely to force the sale of your home, while bankruptcy is almost certain to). If you can’t afford to repay your unsecured debts within a...