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…
All posts tagged debt management
Should You Sell Your Car to Get Out of Debt?
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…
Ways to get out of the “bad credit spiral”
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…
Improve your credit score for a cheaper personal loan
If you are one of the many people who have had difficulty paying bills recently you may be wondering how you can improve the damage suffered to your credit rating. Money lenders look at your credit rating to see if you have defaulted on payments, how much debt you are in or if you have any County Court Judgements. If they see that you are behind with your repayments on your mortgage repayments, your credit rating will suffer and you will find it harder, and more expensive to get credit. If you considering personal loans then the better your credit history the cheaper your loan will be. This is because the better your credit history the less of a risk you pose to the money lenders. Read more…