Posts by Nigel:
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.
Call me old fashioned but I still can’t subscribe to the point of view
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 [...]
Bailliffs-What do i do?
YOU DO NOT HAVE TO LET A BAILIFF INTO YOUR HOME
A Bailiff is someone who works on behalf of the courts. Over the years many debt collectors have called themselves bailiffs as a scare tactic whilst standing outside someone’s house insisting on a large payment that they cannot afford. It is scary and it is a tactic [...]
Debt Management. Does it work?
Debt Management has been around for quite a few years and has been kept as one of the industries biggest secrets by the creditors. As long as someone can demonstrate to the creditor just why they cannot afford to repay the debt at the agreed rate, the creditor should accept the reduction in payment. Many [...]
Debt in a not so changing world
Debt in a not so changing world. Everything around us changes so fast, science and technology, breakthroughs in medicine and one of the fastest and largest areas of interest today is information technology. But as fast as we evolve in areas that change us and bring us together, the credit that we all need in one [...]