If you are experiencing financial difficulties then you may be considering an Individual Voluntary Arrangement (IVA) as a solution to these problems. Although they can be a good solution to debts, IVAs aren’t suitable in all situations and so how do you know if an IVA is right for you? A major factor in whether [...]
Posts Tagged ‘unsecured debt’
Ten million families say they struggle paying their bills
Millions of UK households are struggling to pay their bills – and the number is likely to increase in the new year, according to analysis from the Bank of England. The report shows that as many as two fifths of families are having trouble in meeting their monthly bills and more than half regard their [...]
UK Savers Dealing With Debts First
With interest rates remaining low people in the UK are continuing to pay off their debts rather than add to their savings. This is according to new research by Markit. The Markit figures demonstrate that fears over potential tough economic times ahead has meant that people are prioritising paying off their debts. Current record low [...]
Non Payment of Credit Card Debt may lead to loss of your home
Many homeowners who contact us with major debt problems are very surprised to learn that it is legally possible for an unsecured creditor (personal loans; credit cards; overdrafts; store cards etc) to get the debt secured against their home and that, in certain circumstances, the creditor can apply to have the property sold or repossessed [...]