Monthly Archives: May 2013

I am struggling to pay my IVA – Help

What to do if you are having difficulty paying your IVA. Can you reduce your payments or settle early? Should you let your IVA fail? Options if your IVA fails.

A creditor has threatened to attach their debt to my house

Lenders can secure their debt against your property by applying for a Charging Order. Can you be forced to sell your home? How is the Charge issued?

Can my creditors still chase me if I am in a DMP?

Your creditors can still chase you if you are in Debt Management Plan. What if they do not agree with the Plan? The risk of getting CCJ or Charging Order.

Borrowing to pay the food bill? Debt management could help

Alternatives to borrowing to pay for your food. What debt management options are available? How to break the debt cycle. Affect on your credit rating.

Personal insolvencies fall again in first Quarter of 2013

Personal insolvencies in Q1 2013 lowest since 2008. Bankruptcies falling while number of IVAs is rising. What are the reasons for this? Is it a problem?

5 problems with Individual Voluntary Arrangements

There are some downsides to an Individual Voluntary Agreement. Strict budget. Payments could increase. Affect on credit rating. Equity may have to be released.