The New Year has brought good news to those British holiday makers who have been avoiding Europe due to the poor Sterling – Euro rate. Previous exchange rates have made holidaying in our European countries an expensive option. The good news is that the pound has now hit a fifteen month high with one pound now being worth one Euro twenty one. Read more…
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Don’t pay too much for your loan
Life is never simple and there are any number of reasons why people need to borrow money. Some people might take out loans for unexpected household repairs. Others perhaps just need a new car or want to go on holiday. Read more…
How does a Debt Relief Order (DRO) work?
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…