Posts Tagged ‘Creditors’

Posted on May 15, 2013 BY admin

In these difficult financial times, more individuals are finding they are unable to meet their basic cost of living without turning to some form of credit. Once you begin to use credit sources, especially short term or payday loan solutions, the level of debt can easily become unmanageable. It is easy to start a cycle of borrowing that can end with all of your income

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Posted on April 20, 2013 BY admin

If you are having difficulties with your finances, owing money to several creditors, then a debt management plan may be the best way forward for you. This plan would be tailored to your specific financial situation. You will answer a series of questions concerning your income and expenditure and once your bills and essential living expenses have been taken into account, the money left over

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Posted on March 7, 2013 BY admin

Being in debt can be very bothersome and stressful, this is why some debt advice can come in handy. Debt advice organizations take a practical and realistic approach that aims to help those in debt, even if it will take them 10 years or more to pay off their debts. In addition to this, organizations that specialize in debt advice usually offer welfare benefit advice

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Posted on February 11, 2013 BY admin

If you are going through some tough times and cant affords to pay your debts then debt relief order can help you in this tough situation. It is granted by Insolvency services and it’s considered to be a much better option that going bankrupt. Of course there are some aspects which have to be foreseen, before you can take this option. You must have a

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Posted on January 30, 2013 BY admin

A debt-management plan is an arranged repayment schedule put into place, when you run into difficulties with repaying unsecured debts. For example, credit cards, personal loans and catalogue debts. To arrange a debt management plan, there are debt management companies who, for a fee, will manage an arrangement for you. This works by providing a statement of affairs which details your incomings and outgoings. Once

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Posted on January 15, 2013 BY admin

Debt relief is an order that you can apply for if you are unable to pay your debts. To qualify for a debt relief order (DRO), you must have no more than £15,000 of debt, own assets valuing no more than £300 and have less than £1000 worth of vehicles. The order is enforced by the government’s Insolvency Service, and provides a cheaper route than

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Posted on December 25, 2012 BY admin

The idea of going bankrupt is an intimidating one. However, the inability to repay loads of debt due to low asset base is a common problem these days, which ultimately leads to bankruptcy. The debt relief programme announced in the UK in April 2009 came as a saving grace for most debt laden individuals. It was announced by the Insolvency Service and comes as an

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Posted on December 12, 2012 BY admin

Most debt management companies define disposable income as any income remaining after creditors have been paid. In recent years there has been a huge increase in personal debt in almost every first world country. Credit and finance were easily accessible to individuals and couples and in many cases paying them all became unsustainable. Banks and credit companies have become much stricter in how they release

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Posted on December 3, 2012 BY admin

Debt management plan is a pact. It is a pact that is set between debtors and creditors to find ideal solutions for managing debts. This plan allows the management exercise on debts to be done professionally. Payments are always made to the time when the debt is completely cleared. These payments can as well be made until that time when the users will have the

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Posted on November 20, 2012 BY admin

The recent hard economic times has led to the rise of numerous creditors who help in easing the financial burden for most people by providing various types of loans. However, due to unavoidable circumstances, the borrower might find it difficult to settle a particular loan on a provided timeframe. This is where the importance of debt management companies is realised by the borrowers. Definition and

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