Monthly Archives: May 2011

How to choose the right Debt Management company

Choosing the right debt management company is important. Make sure they are licensed. Do you want help with a DMP or IVA? Are you comfortable with the advice?

Can I get a Student Loan if I have a poor credit rating?

Student Loans are available even if your credit rating is poor. What about other forms of Student credit? The problems with repaying debt after graduation.

Will the people I live with be affected by my debt?

The people you live with should not be directly affected by your debts. Could they become responsible for your debt? Will their credit rating be affected?

How many debts do I need to start an IVA?

There is no limit to the number of debts needed for an IVA. Can you start an IVA with one debt? Can one creditor reject an IVA? Are family debts included?

Can I claim for PPI mis-selling if I am in a DMP?

It is possible to claim for mis sold PPI during a DMP. Will you receive your compensation? Options if you get a lump sum. Can you claim and then start a DMP?

Personal bankruptcies fall but is there still trouble ahead?

Numbers of people going bankrupt fell in Q1 2011 compared to Q1 2010. Why are the figures falling? Are they distorted? Will the numbers continue to reduce?