If you have a large or unmanageable amount of unsecured personal debt, then a debt consolidation plan or good credit counselling session are probably the best ways there are to reduce your debt to manageable payment levels or even eliminate them completely. Debt consolidation can be a quick solution to a problem that could potentially [...]
People in the UK are in 2008 responsible for more debt than ever before. Debt management should be a high priority for anyone carrying large amounts of debt today. It is reported that in todays economic climate that consumers are more likely to have debt problems than they have been at any time in the [...]
Since the introduction of IVAs the IVA teams at many of the countrys top insolvency companies have dealt with over two hundred thousand IVA cases. In this time they have developed the most up to date and complex systems which can provide the exact criteria required to accept an IVA. In the early days, when [...]
An IVA is a formal and legally binding arrangement between you and the people you owe money (your creditors) to pay them back a percentage (often as little as 30%) of what you owe them over a 5 year term. An IVA is a legally binding agreement that protects you against any further action from [...]
A credit report is a history of your payments, not just a snapshot of where you are at the moment, says Maxine Sweet, vice president of public affairs for Experian, one of the three major credit reporting agencies. A credit report is a crucial document that reflects your credit status. A credit report is a [...]
A ccj remortgage is a remortgage that is designed for someone with a county court judgment. One good reason for a person to seek a ccj remortgage is to help them be able to clear up the judgment. Remember that a ccj remortgage is something you’ll have to live with for a long time, so [...]
As the number of people with substantial debt is increasing year on year, so is the number of people with CCJs registered against them. As a direct result of this the number of mortgage brokers specialising in lending to people with CCJs is also on the increase. However this has taken a major step back [...]