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 ...
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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 ...
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Monday, August 18th, 2008
Debt collection agencies and debt management companies are among the few businesses finding that the credit crunch has meant an upturn in revenue. Likewise, pawnbrokers and companies providing payday loans are also thriving.
More and more debt is being sold on to collection agencies as customers default and large ...
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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 ...
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Thursday, July 24th, 2008
An IVA or Individual Voluntary Arrangement is one of the steps you can take if you’re not able to keep up the repayments on your various credit agreements. It’s not bankruptcy, rather it’s a form of debt management and is usually handled on your behalf by a debt management company ...
Posted in Credit crunch, Debt, Personal Finance | No Comments »