An overview of the different debt solutions available in the UK, including repayment plans, formal insolvency options, and ways to deal with debt problems and move forward financially.
Managing your own debt management plan versus paying someone else to do it is one of those choices that looks simple on the surface and then becomes a maze of spreadsheets, phone calls, and mild existential dread once you actually start. Still, thousands of people in the UK deal with this every year, and there…
Thinking about getting a Debt Management Plan? Want to know more about them and where you can find out more? No problem we have got you covered. A Debt Management Plan is an informal agreement between you and your creditors. You make reduced payments until the debt is repaid in full. You would normally appoint…
If you are struggling with debt, two solutions you will often hear about are a Debt Management Plan (DMP) and an Individual Voluntary Arrangement (IVA). Both options are designed to help people who can no longer keep up with their debts, but they work in very different ways. The purpose of this guide is to…
In this post I provide links to all the posts available on Debt Advice Blog relating to Debt Management Plans. Hopefully at the end of reading through these posts you will have a better understanding of what a Debt Management Plan is, the pros and cons of one and why they might not be suitable…
Before you decide to declare bankruptcy in the UK you should weigh up its disadvantages. Knowing what these disadvantages are may change your decision to declare. The rules for the UK are not the same as they are in other countries and this post focuses on Bankruptcy in the UK. There are certain disadvantages to…
In this post I look at the Pros and Cons of Bankruptcy. Bankruptcy is another solution you can use to sort out your debt problems. Bankruptcy is usually only helpful in certain circumstances. Used incorrectly, it could cause you more problems than it solves. It is certainly worth considering all the available options before selecting…