Can I Get My Debt Written Off?
I get contacted about getting debts written off all the time and all I can say is “WHY”. Should anyone that borrows money have the right to just get it written off, don’t we agree to repay any money borrowed? didn’t we all have the intention of paying borrowed money back? If not, surely this constitutes fraud.
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What is an Individual Voluntary Arrangement?
An IVA is a legally binding arrangement supervised by a Licensed Insolvency Practitioner, the purpose of which is to enable an individual, sole trader or Partner (“the Debtor”) to reach a compromise with his creditors and avoid the consequences of bankruptcy. The compromise should offer a larger repayment towards the creditor’s debt than could otherwise [...]
Debt Management and My Credit Rating?
Credit rating, this is a biggy. I have spoken to so many people in the past about using a Debt Management programme and when you get to how a credit rating can be affected, you can hear the other person back off and loose interest within seconds. Of course I understand the importance of a credit [...]