Case Studies...
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A Debt Free Attitude
Having a debt free attitude means taking control of your financial situation and having the willpower to say no to lenders when they offer credit....
All You Need to Know About Declaring Yourself Bankrupt
Bankruptcy can either be seen as a last resort or the chance to begin again and for many people it is a way to eliminate debts and begin a debt free life....
Applying for an Administration Order as a Solution to Debt
An administration order is a way of placing all of your debts through the court to enable you to only make one monthly payment to the court that will then be divided between your creditors....
Are Debt Consolidation Loans Right For You?
Debt consolidation loans are a way of clearing your existing debts by repaying one monthly manageable loan with lower interest rates than your debts....
Are Debts Written Off After Death?
In most cases children cannot be held responsible for a parent’s debts after the parent dies but there are certain exceptions to this rule....
Arrange Your Own Debt Solution With Creditors
Debtors who are experiencing problems maintaining repayment terms should always contact creditors at the earliest point to arrange an affordable debt solution....
Avoid Debt Clearing Scams
Debt clearing scams are becoming extremely common and many debtors have lost money in the unrealistic hope that a quick-fix debt solution can be found....
Avoiding Easy Debt Solutions
Easy debt solutions may seem tempting if there are no other borrowing options available but these solutions are designed to keep borrowers trapped in a cycle of debt....
Avoiding Never Ending Debt
Avoiding never ending debts is a foot on the path to becoming debt free but it can mean that those with serious debts need to readjust their attitude towards spending....
Avoiding the Debt Advice Scammers
Debt advice scammers do prey on debtors looking for an easy way out of their debt problems but these scammers can add to debtor’s problems rather than solve them....
Avoiding The Debt Insurance Scam
Many people are unaware of the debt insurance scam that is taking place when they sign for loans, credit cars and simple store purchase cards....
Avoiding Viable Debt Solutions Due to Debt Stigma
Debt problems do carry a stigma for many people and this perceived shame is preventing a large percentage of debtors from using viable debt solutions that could eliminate their debts....
Become a Money Management Expert
Using money management skills is a way to take financial responsibility for income and expenditure, and these skills can make a difference to clearing debts quickly....
Bereavement and Passing on Debts: FAQ
When a spouse or parents dies there is often the worry over the deceased’s unpaid debts but unless certain circumstances exist the surviving family should not be held liable....
Budgeting your Money
Budgeting your money can be the first step to taking control of your expenses even if you are in debt....
Clearing Christmas Debt Quickly
Christmas is a major credit card spending period, and clearing these debts quickly should be a priority to ensure interest payments do not accumulate throughout the following year....
Common Debt Myths
There are numerous myths regarding debt but becoming debt free means ignoring the myths and looking for the facts....
Common Lies Told by Disreputable Debt Collectors
Certain debt collection agencies are notorious for bending the Office of Fair Trading guidelines, and consumers who know their rights should be able to recognise common debt collector lies....
Coping with Debt Addictions
As with any other addictions, debt addiction is a condition that has caused financial hardship and misery to many people who cannot stop paying with plastic....
Coping With Debts During Unemployment
Long-term unemployment can be a stressful time but there is a procedure that will help when coping with accumulating debts that will include negotiating with creditors....
Coping with Debts from a Divorce
Debts from divorce can be the main cause of financial headaches but it is vital to implement procedures that will ensure safety for your financial future....
Coping With Missed Opportunities Due to Debt
From being passed by for promotion at work to missing out on holidays abroad with friends; there are many examples of why missed opportunities due to debt can have an adverse effect on your life....
Coping with Redundancy Financially
Coping with redundancy can be made easier with some good financial advice and the support of family and friends, and it can actually lead to new opportunities that had not existed before....
Cosmetic Surgery and Debt: A Case Study
Cosmetic surgery in the UK has become a big business and easy finance options have increased the amount of debt incurred by people looking to enhance their body image....
Debt Collection Agencies FAQs
With debt problems in the UK reaching crisis levels it is a good idea to be aware of the powers that debt collection agencies actually have....
Debt Collection Harassment: A Case Study
Around 400 debt collection agencies operate in Britain and all must abide by the Office of Fair Trade guidelines but not all agencies use fair methods to recover debts....
Debt Collectors and Your Rights
Many people suffer harassment from debt collectors who take advantage of the public’s unawareness of the collector’s limited rights....
Debt Companies and Scare Tactics
It’s a sad truth that some debt collection agencies still use scare tactics in order to recover money but these tactics are harassment and the collectors can be reported....
Debt Solutions Available in Scotland Only
Scottish only debt solutions are solutions that are available only to residents of Scotland and can include protected trust deeds and sequestration....
Debts Due to Poor Money Management
Poor money management skills can be a major factor towards debt but there are methods that can lead to a better understanding of how you manage your money....
Effectively Managing your Mortgage Arrears
A mortgage may well be the biggest and most important debt you have, and managing your mortgage arrears is of vital importance to ensure the security of your home....
Essential Steps When Debt Collectors Call
There is a procedure that should be followed if a debt collector does telephone a debtor, and the first step will be to research the company and the actual debt....
Everyone Has Debts, Why Shouldn't I?
Peer pressure has now been named as one of the reasons young people take on debt, but these debts can linger on for years long after the friends have moved on....
Facing Up to a Debt Timebomb: A Case Study
There are always warning signs that debts are seriously becoming unmanageable but many people choose to ignore these signs of a debt timebomb until it is too late....
Facing Up to Debt Fears
Facing your debt fears will mean acknowledging that you have a problem and then taking control of your finances....
FAQ: Can I Eliminate all Debts With Bankruptcy
Many people are under the impression that bankruptcy can clear all debts but there are a number of debts that cannot be included in the bankruptcy process....
FAQ: Personal Debt and the Credit Crunch
The credit crunch has had a serious impact on the amount of low interest loans and credit available in the UK and personal debt levels are rapidly increasing....
FAQ: Using Your Home to Eliminate Debts
Home owners have an excellent financial asset that can be used to eliminate debts, and equity loans and renting rooms are among the many debt solutions available....
Financial Sacrifices to Reduce Debts in One Year
It only takes one year of reduced spending to make a big difference to debts and there are financial sacrifices that can see debt levels reduced by thousands of pounds....
Get Rid of Christmas Debts Quickly
Christmas usually means large debts incurred through credit card spending but there are a few ways to eliminate Christmas debts quickly....
Getting into Debt and the Loss of Friends & Family
Being in debt is a problem that can effect many areas of a person’s life, losing friends and family can occur if steps are not set in place....
Getting into Debt and Your Consumer Rights
Consumer rights were set down to protect the consumer and to allow the customer to receive the best services and products for their money....
Getting Into Debt Because of a Drop in Income
Debts from a loss of income can soon mount up, and it is better to contact your creditors before these debts become unmanageable....
High Interest Debts to Avoid
High interest debts to avoid will include many high street lenders and major high street stores that offer high interest credit cards....
House Repossession
If you have received a house repossession order then it does not automatically mean the loss of your home, there are procedures that can be followed to avoid this happening....
House Repossession Facts and Myths
There are many myths and facts regarding the process of house repossession and obtaining the correct information should ensure that homeowners can find the best options to help avoid repossession....
How Debt Can Affect Your Health
Physical and mental illnesses can be related to debt stress and can lead to serious health problems such as ulcers, depression and even heart attacks....
How Lifestyle Can Impact Debt
Many people are funding their lifestyles by using credit and loans, and for some, lifestyle envy is the main driving force....
How Serious is Your Debt?
Debt problems can creep up without warning, and recognising the signs of a debt problem may mean taking an honest look at your lifestyle and spending habits....
How to Avoid Getting into Debt on Your Car Loan
Car debts can make up a large proportion of your household expenditure so it is important that you have chosen the right financing with the lowest interest rates....
How to Cope When Baliffs Arrive
There are many misconceptions about the actual powers carried by a bailiff, but if bailiffs do appear they can only gain entry to a property under very few circumstances....
How To Deal With Debts Due to Illness
Many people do not have any form of medical insurance to cover debts due to illness and this can lead to extra stress and a longer recovery time....
How To Deal With Debts From Your Education
Although graduates can usually expect a higher rate of pay in employment, and have increased job prospects, they will still have to manage increasingly large amounts of debts from their education....
How to Handle Rent Arrears
Rent arrears are known as priority debts and there can be serious consequences if these are not paid, but negotiating with landlords can bring an agreeable solution to this problem....
How to Kick Your Overspending Habit
Spending more than is earned is a major problem for many people especially those with credit cards, and constant overspending can lead to very serious debt problems in the future....
Identifying Your Debt Triggers
Many people who overspend on credit cards are not aware of the emotional debt triggers that are compelling them to spend money they do not have....
Individual Voluntary Arrangement (IVA)
An individual voluntary arrangement is a way for debtors to avoid some of the financial restrictions and burdens that would come with the bankruptcy process....
Irresponsible Lending and Increased Debts
According to the Citizens advice irresponsible lending is one of the major reasons for increased personal debt and there can be severe consequences for disreputable lenders....
Is Your Bank Getting You Into Debt?
Credit cards, loans and overdrafts are popular financial products supplied by banks but they can lead to increased debts if not managed correctly....
Is Your Over Spending a Symptom of a Bigger Problem?
New research by American universities has found that an addiction to spending money can be one of the symptoms of depression and low self-esteem....
Low Income Earners and Debt Traps
Low income earners are one of the most susceptible groups to high interest debts and many low earners have debts of around two and half times their annual salary....
Mail Order Debts
Mail order debts are on the increase in the UK and home shopping catalogues account for a large percentage of personal debt and bad credit scores....
Making a Council Tax Arrears Arrangement
Council tax arrears are a common household debt that can lead to court action but setting up an arrears arrangement will allow repayments in affordable monthly instalments....
Managing and Negotiating Utility Debts
Utility debts can easily become a problem and one of the easiest solutions is to talk to the utility companies immediately to arrange an arrears repayment plan....
Managing Child Support Debts
Managing child support debts can be easily accomplished if payments are set up through direct debits or standing orders, non payments of child maintenance can have very serious consequences including ...
Managing Debts from Your Failed Business
If you have debts from a failed business then your priority debts must be addressed first, and above all, ensure the safety of your home from creditors....
Managing Your Direct Debits and Avoiding Debt
Managing your direct debits once they are set up is an easy task and will take minimal supervision....
Managing your Overdraft
Managing your overdraft correctly may take some willpower and astute budgeting but it will mean that you do not incur significant bank charges....
Managing your Student Loan and Avoiding Debt
Managing your student loan will take serious financial planning and self discipline, the wiser you are your with loans, the less time it should take to repay student debts....
Negotiating Repayments
Most creditors will be open to negotiating repayments, and will realise that if the debtor is going through some form of financial difficulty then it is the best chance they have of recovering their m...
New Dirty Tricks Used by the Debt Collectors
Debt collectors are always coming up with new ways to keep tabs on debtors and the latest dirty trick involves becoming the debtor’s friend on social networking sites....
Online Credit and Debt
Online credit and debt can be two sides of the same coin, and responsible borrowing should be used if considering the many online credit options available to consumers....
Pay Back Debts Quickly and Build Up Savings
It does make financial sense to clear high interest debts before creating a savings fund although the lenders would prefer customers to have both savings and debts....
Paying your Council Tax
Paying your council tax is a necessary evil and regardless of whether or not you agree with council tax system these taxes do need to be paid, and the consequences for non payment can be very severe....
Pre Paid Credit Cards
Pre paid credit cards are easy to use, have no interest rates and can be obtained by anyone, even those with poor credit records....
Preventing Enforcement
Debts collectors, bailiffs, and credit companies must abide by certain rules and regulations when it comes to recovering money and there are methods you can use to prevent enforcement....
Priority Debt Management
A priority debt management plan is a way of ensuring that priority debts such as mortgages and council tax are paid before your secondary creditors....
Quick Fix Debt Solutions
There are a number of different quick fix debt solutions available, and the main goal should be reducing payments and eliminating accumulating interest from multiple debts....
Quick Ways to Clear Credit Card Debts
There are a few options when it comes to clearing credit card debts quickly, but one of the best ways is to pay more than the monthly minimum payment....
Rebuilding your Credit Rating
Rebuilding your credit rating can be achieved through some tried and tested methods but may ultimately depend on your spending habits....
Reclaiming Payment Protection Insurance: Safety and Scams
Reclaiming mis-sold payment protection insurance is a fairly simply process to undertake and customers should be wary of financial agents and scam artists trying to part customers from their cash....
Recognising Debts You Can and Can't Afford
Assessing debts you can and can’t afford should be long term forecast that will include a financial budget and the ability to recognise good debts from bad debts....
Recovering your Bank Charges
Thousands of people have hit back at the UK bank’s massive profits by successfully recovering their unfair bank charges....
Recovery of Money and Property
The recovery of money and property through a small claims court is a way of dispensing with formal legal representation and discussing your claim in front of an unbiased judge....
Remaining Debt Free for Ever
Becoming debt free will no doubt have taken hard work but the biggest challenge may now be beginning again and learning how to stay debt free....
Remortgaging, a Good Way to Clear Debt?
Remortgaging may be an excellent option if other debts with high interest rates are eating into your funds, and finding a good remortgage deal should lower your present monthly outgoings....
Rules to Follow to Become Debt Free
There are some sensible rules to follow to become debt free that should become second nature and will help to reduce debts quickly....
Saving and Investing to Avoid Debt
There are numerous saving and investing options available to anyone with a little surplus cash every month, but the return on your money may be determined by how disciplined a saver you are....
Single Parent Debt Trap: A Case Study
A debt trap is easy to fall into and there are certain people who are more vulnerable to debts than others as highlighted by this single parent debt case study....
Smart Borrowing With Credit Unions
With more flexible borrowing terms than the high street banks credit unions can turn out to be the smarter borrowing option....
Spotting and Avoiding Bad Debt
Spotting and avoiding bad debt will save a lot of money and stress in the future, and there are a number of bad debt options that should be avoided....
Stay Free of Debt Stress
Staying clear of debt stress will mean confronting your debt problems head on and talking to people who can make a positive difference to the situation....
Stop Debt With a Debt Relief Order: FAQ
The recently introduced debt relief order is designed to help those with little assets or income who are struggling with debts of no more than £15,000....
Stopping a Wages Arrestment
A wages arrestment will involve both the courts and the debtor’s employers but there are a few ways that this order can be stopped....
Successful Ways to Decrease Household Debts
Energy and food bills are unavoidable household debts but there are easy to implement ways to decrease these and other household debts....
Surviving a Drop in Income Without Using Debt
Surviving a drop in income without using credit means looking at ways to economise and increase income and avoiding the temptation of quick fix credit options....
Taking Out a Bank Loan and Managing Your Debts
Choosing the right bank loan will mean putting in the research both online and in the local high street....
Teaching Children to Manage Money
Many children leave school with virtually no money management skills whatsoever and parents should recognise the importance of teaching children this life long skill at the earliest age....
Ten Tips to Stay Debt Free This Year
Becoming debt free is a major achievement and will not happen overnight but using these ten tips should help to clear debts as quickly as possible....
The Bailiff Procedure
Bailiffs will be used as a last resort by creditors if debts are not repaid but it is important that people are aware of their rights when dealing with bailiffs....
The Best Ways to Maximise Your Income
Maximising your income means making your money work for you, minimising your expenses and reassessing how you view your assets....
The Consumer Credit Act
Knowing your consumer rights is the best way an individual can protect themselves against unfair credit practices, and the Consumer Credit Act was brought in to give consumers more protection and more...
The Facts About Personal Debt in the Uk
Although Britain is in the middle of an economic downturn the statistics show that there has been no significant decrease in the amount of financial lending or borrowing....
The Facts About Writing Off Bad Debt
Banks and credit companies will not usually write of debts until all avenues of recovery have been exhausted but there are situations where debts will have to written off....
The High Price of Mobile Phone Debt
Mobile phone bill arrears may seem like a trivial debt but these debts can seriously hamper the customer’s ability to gain credit for six years....
The Importance of Creating an Emergency Savings Fund
If financial hard times occur it is always a better option to have an emergency savings fund than to waste money in interest fees when using credit cards or loans....
The Importance of Making Loan Repayments to Avoid Debt
Making repayments should include avoiding the minimum repayment fee trap, which only benefits the credit companies and can cost you money....
The Increasing Student Debt Problem
The student debt problem is growing every year and with banks enticing students to take out large, interest free overdrafts, students could find themselves facing a graduation day accompanied by a lar...
The Pitfalls of Buying White Goods on Credit
Paying for white goods by credit can lead to customers paying debts long after the goods have ceased to work especially where high interest retailers are involved....
The Reality of Shopping Addiction and Debt
Shopping addiction is a problem that can lead to the accrual of massive debts and debt worries that can increase the shopping addiction rather than end it....
The Rules of Earnings Arrestment
An earnings arrestment is a process through which a creditor will use the courts to have a portion of the debtor’s salary deducted by employers to recover a debt....
The Stages of Debt Recovery Explained
The stages of debt recovery can begin with a simple phone call, which, if ignored, can lead all the way to court action....
Tips and Advice on Minimising Your Debts
Minimising debts can be acheived through a combination of wise financial budgeting, a change in spending habits, and avoiding high interest credit cards and loans....
Trust Deed as an Alternative to Bankruptcy
A trust deed is an option to consider if creditors are applying pressure for repayment of debts....
Types of Court Action
There are various types of court action depending on the type of debt and the size of the debt but the main outcome may depend on the debtors ability to make repayments....
Using a Debt Counselling Service For Debt Solutions
Debt counselling services are receiving thousands of phone calls per week reflecting the serious debt problem that has been growing in Britain....
Using the Internet to Increase Household Income
Debts can be paid quicker if the household income is increased or expenditure is decreased and the internet can be used as a money making and money saving tool....
What Can I Do to Avoid Bank Penalties?
Many people are finding that a large percentage of their monthly wage is being eaten in bank penalties, which means that your money is funding the banks profits....
What to do if Your Business is in Debt
Business debts are a major part of running any type of business but if these debts are mounting it may be time to seek specialist advice....
What To Know About Credit and Store Cards
Credit and store cards are useful in an emergency but for many people the emergency comes when the credit statement drops through the letterbox....
Where to Seek Help When in Financial Difficulty
Knowing where to seek help if you have financial problems or grievances will be your first step towards dealing with the problem, and fully knowing your consumer rights will be extremely useful....
Why Being Single Means More Debt
Single people spend £250,000 more than couples during their lifetime according to a recent survey, and many will rack up huge debts due to a lower household income than couples....
Why You Shouldn't Pay for Debt Advice
There are many debt help organisations that will not charge a penny for their services; unfortunately there are just as many disreputable debt advisors who prey on desperate debtors....
Your Credit Rating
If you have been turned down for credit then the reason could be down to your credit rating and information held on your credit report....