Contrary to what many people think, debt is not a dirty word and many people will get into debt at some point in their life. And though many may not like to admit it, any form of credit constitutes a debt. So whether you have borrowed money to buy anything from a halogen oven to a new house then you will have been in debt at some point.
Debt only becomes a problem when you can no longer comfortably keep up with your repayments and if you find that you are in this position you need to address the problem right away. Don't do what a couple of rabbits round here did the other week and disappear underground, it'll only make the problem worse!
So read my debt pages for ideas on how you can get yourself out of debt, get help via a debt management or whether an IVA or even bankruptcy could be the answer.
Whilst most of us might like to take advantage of cheap, quick and easyRead More
It’s often said that money makes the world go round, but what is not mentioned so often – probably because it’s quite as catchy – is that credit history is what makes the money go round. And if you’ve a poor credit history then you’ll know all to well that credit can be all too hard to come by.Read More
The level of personal debt in the UK is rising year on year, with latest Credit Action figures showing that as of July 2012 it stands at £1.410trillion, up from £1,406trillion the previous year.a
And if you’ve ever struggled with debt you’ll know how easy it is to lose control as your debt spirals through a combination of late payment fees and excessive interest rates.Read More
If you live in Scotland and you know a thing or two about debt solutions, there’s every chance you will have heard about Trust Deeds.
A Protected Trust Deed is a type of insolvency solution – and it’s only available to Scottish residents having serious problems with their unsecured debts.
If you have fallen into financial difficulty and you’re struggling to manage your debts then there are a number of options open to you, such as a debt management plan (DMP), individual voluntary arrangement (IVA) or even bankruptcy.Read More
Debt is one of those words that cause many to experience a feeling of worry and anxiety. But whilst money troubles are the cause of much stress and tension, the recent state of the economy has left many families believing it is simply a part of adult life. With inflation rising at a dramatic speed and wages remaining at the lowest in years, everyday normal tasks and routines are threatening to bankrupt certain households.Read More