Debt Consolidation For People On State Benefits: Help When You Need It Most People who suddenly find themselves unemployed or on state benefits for whatever reason, still have to face paying down their bills like everyone else. Yet finding the …
Debt Management For The Unemployed: Help When You Need It Most People who suddenly find themselves out of a job, or on state benefits for whatever reason, still have to face paying the bills like everyone else. Yet finding the …
Lenders usually insist on being repaid, but in some circumstances, they may be prepared to write off some or all of your debts. There are a number of reasons that this could happen: if you are unable to repay your …
The flow diagram below is a quick way to navigate your debt options when it comes finances being impacted by things like credit cards and loans. Start where it says start and follow your answer. The Most Common Debt Options …
Getting a financial summary is the first step to truely understanding where you are with your finances. By understanding this, you’ll be able to choose the best debt solution. I recommend using a charity’s tool called ‘My Money Steps‘. It’s …
Not everyone is eligible for an Individual Voluntary Arrangement. To be considered for this type of financial agreement, you must have debts that amount of at least £15,000, and you must owe this total amount to three or more creditors. …
If you have debts that you are struggling to pay, one option that you can consider is asking your lenders whether they would accept a lump sum in full and final settlement of the debt. This can be a good …
Debt Relief Orders are available to people on low incomes who owe relatively small amounts of money. They offer a low-cost alternative to bankruptcy if you have debts that you cannot afford to repay. What is a Debt Relief Order? …
A Debt Management Plan (DMP) is an agreement between a borrower and their lenders. They are designed to help people who can afford to make some debt repayments each month but cannot afford to make the repayments at their current …
A CCJ is a County Court Judgment. You get a CCJ if a lender takes you to court because you have not repaid a debt and the court agrees that you owe the money. If a CCJ is awarded against …