Latest Articles

Will a VAT increase affect your Debt management Plan? Will it mean you need to start a DMP? How to prepare for a VAT increase.

Why have personal debt levels grown so large in the UK? How have many people avoided financial disaster? How to prevent debt problems in the future?

You are allowed a debit card while in a Debt Management Plan. How to get a debit card. What if your credit rating is poor? Pre paid debit cards.

Is access to personal debt important? Should bank lending be more restricted? Should individuals take greater responsibility for their finances?

What assets are you allowed in a Debt Relief Order? Can you do a Debt Relief Order if you own a property with negative equity?

What if you have a joint debt but you did not spend the money? Are you responsible for repaying the debt? What if you cannot afford to repay a joint debt?

Is an IVA possible if your property is in negative equity? What if there is still negative equity at the end? What if the amount of equity has increased?

New Bankruptcy rules in Dec 2010 make it more likely you will have to pay back something towards your debt. How much will you have to pay back?

A frequently asked question from those considering a debt management plan is whether they will have to include all of their creditors in their DMP. We consider the options.