All posts in Debt

How To Tackle Debt With Your Partner

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Being in a partnership is important and can be very comforting when it comes to your single days. It can also be difficult. One area in which difficulties can arise is in the finances. Read more…

Why Your Debt Management Company Should Be A Member Of DEMSA

Debt

Established in 2000, DEMSA or Debt Managers Standard Association is an organisation that monitors, regulates and maintains the debt management industry standards. These standards help promote excellence in the industry, as well as help protect both the lender and the consumer involved in any kind of financial transactions or dealings. Read more…

Debt consolidation loans: The ultimate way to become debt free

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If you’re considering a debt consolidation loan, then you might as well know that it’s a dangerous thing to look into. Read more…

My experience of trying to be a debt free student

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Having graduated from Chichester University after studying for 5 years I feel very lucky to have escaped with little debt. Read more…

5 Tips to Increase Your Credit Score in Only 6 Months

Balance account money concept

Having a good credit score is so important when it comes to being able to get loans at decent interest rates, getting a car, getting a mortgage or even obtaining any money in general. Having a good credit score can mean the difference between getting the money you may need and being able to borrow less money (if any at all) at a much higher interest rate. When checking your credit, try to do so by using a company which will show you the top 3 credit unions to give you a better idea of where you fall on the credit spectrum. Read more…

Should You Sell Your Car to Get Out of Debt?

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Times are tough, and people need to cut costs however they can. For some, that means slashing their food budget and relying on staples like rice to meet their nutritional needs. For others, it means putting off doctor’s visits. Some people try to lower their car insurance rates, but no matter how much they slash from the monthly bill, owning a car is expensive. Read more…

How could a Trust Deed help me out of debt?

Trust Deed

If you have a substantial amount of unsecured debt that you can’t afford to repay in a realistic time frame, you’ll need to find a suitable way of getting out of debt. Read more…

How does a Debt Relief Order (DRO) work?

Debt Relief, Just Ahead Green Road Sign Over Dramatic Sky, Clouds and Sunburst.

When you seriously can’t afford to repay your debts then one option is to apply for a debt relief order, or DRO. This is a cheaper alternative to going through bankruptcy procedures if you have debts of less than £15,000, have a low income, little equity and there is no prospect of things improving. It is effectively a way of clearing debt within a year without having to attend court, pay your creditors or declare yourself bankrupt. This type of order is approved by the Insolvency Service and is part of a debt management plan. Read more…

Improving your credit score with a bad credit loan

Newspaper saying "tough times" in big letters

Everyone tends to have to make an expensive purchase at some point. It may be you need a new car or need to so some emergency repairs to your home such as a new roof or boiler. Whatever the reason, it is not always easy to get credit especially if you have a bad credit history. This is worst now more than ever due to the global economic difficulties. Read more…

Ways to get out of the “bad credit spiral”

Mountain climber getting a hand

When credit became easier to get hold of many people just kept borrowing more and more money. Transferring balances from credit card to credit card, taking out loans, using overdraft facilities, it was an easy thing to do. When the recession hit, people were being made redundant or at best weren’t getting a pay increase. With the other costs of living such as food and energy increasing rapidly, money has become short for many. The debts however mount up rapidly and all of a sudden people were finding themselves in a lot of debt without a way of repaying their monthly outgoings. Read more…