Archive | Individual Voluntary Arrangements (IVA)

credit file | credit report

The Definitive Guide To Understanding Your Credit File

Understanding Your Credit File. Your credit file is also known as a credit report or credit history. It is important that you understand what your credit file is all about. It can be hard to navigate the credit minefield, which is often littered with technical credit file terms and governed by rules that many of […]

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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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Discover The Benefits And Pitfalls Of Obtaining A Logbook Loan

What is the Difference between Logbook Loan and A Payday Loan? The Logbook loan should not be confused with a payday loan. Both types of loans are generally very accessible as long as the borrower accepts the lenders lending criteria before borrowing their money. The benefits of using a payday loan and a logbook loan is that they […]

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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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Can I take a payment break from my debt management plan?

Can I Take A Payment Break From My Debt Management Plan?

How To Take A Payment Break From My Debt Management Plan? If something prevented you from paying your debt management plan payments for a short period, you may be able to take a break while you try to get back on top of your finances. Can I take a break from my debt management plan? […]

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Mortgage update for Homeowners looking for better Mortgage deals

For every ten homes sold last month one was a remortgage. Until more mortgages arranged are remortgages each month I very doubt that property prices will drop any further. The reason for the house prices being unreasonably buoyant is due to the fact that for every ten houses sold only six new homes are coming […]

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The do’s and don’ts for Financial Success – Money Expert

Now more than ever it pays to be savvy when it comes to getting the right credit you need to run your life. Luckily, you don’t have to be an expert to stay on the money. These simple steps could help you find financial success and help you to find the right debt solution if […]

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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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The first time buyers guide to surviving the recession

Recessions come and recessions eventually go but if you were born in the 1980s or 1990s, you may not know what to expect or how to cope during a period of financial uncertainty. This guide gives all you first-time buyers a few pointers to surviving until the next boom comes around. Your attitude Stick to […]

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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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Are homebuyers being frozen out of the mortgage market?

The number of homes changing hands fell to a record low in December despite an increase in the number of buyer enquiries having risen for the second month in a row according to the Royal Institution of Chartered Surveyors (RICS).  They also said that sales are at their lowest levels since records began in 1978. […]

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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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