When you take out a payday loan, you are normally required to supply your bank details so they can send you the money. You would also provide your debit card details so payment can be taken on the due date. This agreement to debit your debit card is known as a Continuous Payment Authority. What…
Can you get Creditors to Freeze Interest and charges? The answer to this question is that there is no guarantee that you can. When you are on a Debt Management Plan, most of the time you should find that interest and charges are frozen. However that is not always the case. The problem is that…
Bankruptcy and IVA’s are both forms of insolvency. When making the choice between the two it is important to weigh up the pros and cons of each solution, and also talk to a qualified professional. Wanting to become debt free? Well both an IVA and Bankruptcy are an option available and are regularly recommend as…
An IVA or a Debt Management Plan, which one is better? Well honestly that depends on your own personal circumstances. In this post I look at some of the differences between the two debt solutions and provide links to further information, should you wish to find out more. The Differences between an IVA and a…
When you are in Debt and you are behind with your payments, your phone will often start ringing throughout the day. It can be a stressful time especially if you have a large number of debt collectors chasing you for payment. Add on all the letters you receive and the situation can seem overwhelming. This…
If you are dealing with debt and trying to arrange affordable repayments, you will almost certainly need to complete an Income and Expenditure form. This document simply lists: The money you have coming in The money you need to spend on essential living costs The money that is left over to pay your debts Income…