Archive | Bankruptcy

Is There Life After Bankruptcy Or An IVA?

Bankruptcy – The Story So Far! Back in the last quarter of 2008 we reported that 29,444 people in England and Wales had declared bankruptcy which was an 18.5% increase for the same period in 2007. About 2/3rds of these people some 19,100 declared themselves bankrupt during this period; this is a record number of bankruptcies. […]

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Debt Management Adviser’s Will Not bite!

Debt Management Adviser’s Don’t bite! People in debt are often anxious, apprehensive and  frightened of the unknown when they first contact a debt Management organisation. This fear is mainly due to the fact that they don’t know what to expect at their first meeting. The best place to start is by contacting a Debt Management […]

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Credit Card Debts – Are You Struggling To Pay Your Credit Cards

More People Are Struggling To Pay Off Their Credit Card Debts Today more people are struggling to pay off their credit card debts each month when faced with which bills to pay first. According to Credit Action almost sixty-six percent of Britons had seen their finances stretched by the current recession. It seems that 31% […]

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Bankruptcy Is Still A Valid Option

Bankruptcy Is Still A Valid Option’ Despite 32% Drop In Take-up

  Bankruptcy Is Still An Option Bankruptcy is “still a valid option for struggling borrowers” according to financial solutions company Think Money. It was responding to the latest Insolvency Service statistics. The figures showed a significant drop of 32.1% in bankruptcy orders over 12 months. The third quarter of this year compared with the same […]

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Are you a debt diva or a frugalista?

If you’re one of the many women who see shopping as a form of recreation, you could be heading for a tough financial future. A recent survey by Cosmopolitan found that 64 per cent of readers were in debt, with more than half owing upwards of £5,000 on credit cards or store cards. This new […]

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Facts about Prepaid Credit Cards – Credit Card Advice

Britain struggles under the weight of historic debt caused in part by the banks irresponsible lending policies and the public’s belief that they could control their high mortgage costs, credit card debts and loan repayments. Credit card providers in the past have issued new credit card agreements to anyone and everyone without conducting proper financial […]

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Credit Ratings Can Be Improved Within Six months

Your Credit Ratings Can be Improved If you believe everything in the news these days, it’s almost impossible to get a good deal on credit. Luckily, that’s just not true. If you have  good credit ratings, you can still qualify for some great deals – whether you want a card, loan, mortgage or simply the […]

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Four ways to help you get out of Debt | Debt Management

The United Kingdom personal debt today stands at £1,458 billion and the government intend to increase their debt to £175 billion this year and similar figures for the next three years. The latest figures available from Credit Action this month suggests that the average household debt is £59,765 including mortgages, £1.02 billion will be spent […]

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Should you consider a sale and rent back?

The number of homes being repossessed by mortgage lenders rose by 54% to 40,000 according to the Council of Mortgage Lenders (CML). The Financial Services Authority (FSA) recently reported that house arrears had surged forward by 31%. As the credit crunch bites ever deeper people who are struggling to pay their mortgages are searching for […]

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Government helps homeowners with new Mortgage Support | Mortgage News

Latest forecast by the British Chamber of Commerce suggests that unemployment figures could rise to ten percent or around 3.1 million people during this year 2009. According to Credit Action personal debt in Britain today stands at almost £1.456 billion in November and the amount of debt has surged ahead of the country’s gross domestic […]

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To sell your home or be Repossessed? | Debt Management

Home repossessions in the UK are at a 12 year high. The recently privatised Northern Rock Bank is repossessing 50% more homes than the mortgage industry average. Ouch! In order to avoid repossession you need to talk to your mortgage lender as soon as you realise that you cannot afford your mortgage payments. The reason […]

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Restructure your debts to make them more affordable | Debt Management

We have all watched as our government has bought a share in the Royal Bank of Scotland (RBS), Lloyds TSB, Halifax and then they privatised the Northern Rock and Bradford and Bingley. They have given these banks a life-line. But what life-line have they offered the rest of us? Some people are struggling more than […]

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Anger over Home Repossession | Debt Relief

Home repossessions in the UK are at a 12 year high. Reports from Wales suggest that the number of repossession orders going through the courts there are up by 39% this year. Further news has emerged that the recently privatised Northern Rock Bank is repossessing 50% more homes than the mortgage industry average. Ouch!  We […]

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