Many factors can lead to financial trouble. A small change in circumstance can escalate into a major debt problem, which should be dealt with quickly before it gets out of control.

Once you have identified you have a debt problem there are several solutions on offer to help you take control of your finances. Debt advisors offer expert and impartial advice so if you are having difficulties managing your finances there are people waiting to help. Debt advisors understand that each enquiry is unique; therefore they will discuss debt solutions based around your individual circumstances. (more…)

Experiencing difficulties with your finances? Considering bankruptcy as the only possible solution to solve your problems? There is an alternative to bankruptcy.

Bankruptcy should only be considered as a last resort. Although bankruptcy is seen as a positive way to release you from your debts, it comes with restrictions that have long term effects, and you may find it difficult to obtain future credit. An alternative to bankruptcy is an Individual Voluntary Agreement (IVA), a legally binding agreement between you and your creditors. An IVA is less invasive than declaring yourself bankrupt and is intended to help reduce your debt by arranging affordable monthly repayments with your creditors. Interest charges can be reduced or stopped during the period agreed between you and your creditors. This period is usually 5 years, after this your debt will be settled. (more…)

Would you like to clear all of your debts without a loan? Have you ever considered an I V A? If you can’t meet your repayments and owe over £15,000 to two or more creditors then an I V A may be an option to consider. An I V A (Individual Voluntary Agreement) is a legally binding agreement between you and your creditors to help reduce the amount of money you owe, interest charges will be reduced or stopped during this period. An I V A is a way of arranging affordable monthly payments with your creditors to pay a percentage of the debt owed, after a period of time (agreed between you and your creditors, usually 5 years) your debt will be settled. (more…)