Sunday, November 2nd, 2008
The number of people seeking urgent help for debt problems has doubled across the UK in the past year, placing a strain on the services offered by Citizens Advice bureaus.
In Derby recently, queues have been forming outside the city’s Citizens Advice and Law Centre at 7.30am, which is an ...
Posted in Credit crunch, Debt | 1 Comment »
Wednesday, October 8th, 2008
In these days of the credit crunch a lot of people are struggling financially, many may evan face losing their homes, some may be considering bankruptcy but bankruptcy does'nt mean your some kind of social outcast.
Having money troubles now is not the end of the world, even banks are going ...
Posted in Debt, Personal Finance | 1 Comment »
Tuesday, September 16th, 2008
Yesterday was a bad day not just for those that work in places like Londons Canary Wharf but for anyone who has a Bank Account, Pension Fund or Mortgage.
UK Inflation is at a 16 Year High, Bank of England Governer Mervyn King had to write a letter to UK Chancellor ...
Posted in Banking, Credit crunch | No Comments »
Sunday, August 24th, 2008
When your debts become so large that you can’t control them anymore, there are a number of things you can do to manage the problem.
Let’s take a look at two of the options available to you:
IVA – an IVA is an Individual Voluntary Arrangement that is made between you ...
Posted in Debt | 2 Comments »
Thursday, August 21st, 2008
A debt management plan is different to an IVA or bankruptcy in that it is designed to help you make payments that you can both afford and sustain to your existing creditors. Unlike IVAs or bankruptcy, there is no risk to your home or other assets.
There are a number ...
Posted in Credit crunch | No Comments »
Monday, July 28th, 2008
If times are really hard you may want to consider declaring yourself bankrupt. To be declared bankrupt you must be ‘insolvent’; this means that you must prove that you don’t have enough money coming in each month to pay your essential living expenses as well as your debts. You must ...
Posted in Credit crunch | No Comments »
