Whenever you make use of Bank credit, you are creating a liability and by doing this you lose our financial freedom until it is gone. There is nothing called good credit – all credit is bad. We realise this fact only when we are faced with a change in our circumstances and we can keep up with the payments. It is then that lenders turn less than congenial and adopt unfair and coercive means to extract money...
Debt Help & Advice – IVA vs Bankruptcy
by: Paul Mccann B.A.(Hons)
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Bankruptcy versus IVA :
FREQUENTLY ASKED QUESTIONS
Q: What is an Individual Voluntary Arrangement ‘IVA’?
A: An IVA is a legally binding contract between yourself and your creditors, which will generally last for 5 years. You will put forward an offer as settlement of your debts to your creditors based upon the...
Hey Readers! I’ve been comin across some crazy stuff the past few days from a few different blogs around the web which I just had to share with you. Check em out below…
Extended tax credit should spur home sales
It talks about some new rules by a variety of government agencies that will help you identify some of the abusive and unfair lending practices that have … Read...
Can my credit card company automatically take money from my current account without my authorisation??
I bank with barclays and I also have a credit card with barclays and I missed two months payments as I simply could not make ends meet and was struggling after losing my job. I wrote to my bank and told them, however when I checked my account one day I noticed that ovwe £280.00 had gone and when I checked my...
Thousands of people in the U.K have been the victim of unfair credit agreements, meaning that the loan and hire purchase agreements they took out are not legally binding. Under the terms of the Consumer Credit Act 1974, all credit agreements must conform to a list of criteria. If this is not the case, then individuals can have their debt wiped clear.
Read on to find out how you can find out if you have been among...