Debt
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How Debt can bring you down

Being in a situation where you have to deal with financial difficulties on a daily basis may be a source of distress in your life, as well as the cause of depression or anxiety, something that can clearly affect the way you interact with your family ...
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I need help with my debt

I’m up to my eyes in debt and just can’t repay it. Every month is a struggle, I can’t meet my monthly payments and my debt is growing. I’m now struggling to pay my basic bills. If any of these are familiar then you seriously need help with yo...
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Get yourself some debt advice

Debt problems are pretty commonplace these days and that’s not to say they don’t have serious consequences for many people or it makes light of the misery they can cause. The fact is however, that debt problems are on the increase and they affect...
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What’s the big deal about the Debt Arrangement Scheme?

Debt can be a problem for anyone; it knows no boundaries and does not discriminate. Debt problems can be large or small and just about anything in between. The extent of the problem and your current financial circumstances are the important factors i...
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How to write off your debt in three easy steps

Redundancy, relationship breakdown, a cut in income and poor money management are all reasons why people get into debt. Sometimes it is easy to clear a debt that has accrued, especially if there are only one or two creditors and the amounts are relat...
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Why the Debt Arrangement Scheme works so well

You hear about it happening to other people and read about it in the press all the time but I don’t think anybody expects it to happen to them and neither did I. However it did and without really knowing how it happened I found myself with a debt p...
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Going bankrupt: what it means in real life

I had always thought I had a good handle on financial matters. My parents hadn’t been well off, but had always provided for me and my brother, and had taught us that you should only spend money you had. But when I first started working, I someho...
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The social stigma of debt and the problems it brings

Living as we are within this increasingly unstable twenty-first century economy, it is a sad reality that more and more individuals are unfortunately finding themselves falling victim to financial problems. Granted, debt is not a new phenomenon by an...
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Why an IVA is such a popular debt solution

An Individual Voluntary Arrangement (IVA) involves an agreement made between a debtor and a financier whereby the debtor commits to paying all or part of the money owed within a certain period. The borrower makes a single monthly payment to an Insolv...
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Getting help with debt when you need it

The latest debt statistics show that the average household in the UK owes more than £54,000. When household budgets are squeezed by rising prices, more and more families are finding themselves "maxed-out", and unable to cope with their level of debt...
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Sort your debt problems with the Debt Arrangement Scheme

Debt-related problems are increasingly common and are one of the major sources of worry and stress in the modern world. Often, the longer a debt problem is left, the worse it becomes, especially when you are faced with threats of legal action being t...
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Managing your Debt Problems with a Debt Management Plan

Getting into debt is unfortunately very easy to do, but getting out of debt can be a much more difficult task. Being in debt is unpleasant and unmanageable debt can lead to stress, loss of sleep and a serious loss of enjoyment of life in general. Deb...
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How to write off your debts by going bankrupt

Bankruptcy is a serious step and a big decision to make but for many people with substantial debt problems it can not only be the right decision to make but the only decision that will fully and properly resolve a major debt problem. The decision on ...
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What’s the difference between bankruptcy and sequestration?

There is so much terminology today in relation to debt problems and in particular debt solutions that it is easy to get confused. In today’s credit driven society there is now such a range of debt solutions and they are often described in technical...
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I have a debt problem and need help

Now there’s a phrase I wish I had used and acted on: I have a debt problem and need help. It’s not easy to admit you’ve got a debt problem especially when you’re the breadwinner in the household. It’s also every bit as hard to contemplate s...
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Will a trust deed clear my debts?

The simple answer to the question ‘will a trust deed clear my debt?’ is that it can certainly clear your unsecured debt. Unsecured debt consists of items such as credit card debt, overdrafts and standard bank loans that are not normally secured a...
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What does bankruptcy really mean?

Bankruptcy is a pretty familiar term and one that most people have an understanding of. We hear of people with little in the way or regular income becoming bankrupt and we hear of celebrities who have earned millions being forced into bankruptcy. Deb...
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There is life after an IVA

Our debt problems began five years ago when my husband lost his job at the same time as our landlord gave us notice to leave our flat. All at once, our income had halved, and we had to find about two thousand pounds for a deposit on a new flat and al...
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How a Protected Trust Deed Saved my Life

I had never considered myself irresponsible with money until I became involved with a business venture that was based more upon speculation and optimism than fact. After taking out a small business loan and exhausting my savings, what once appeared a...
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The effects of debt on mental health

Being in debt can be a very stressful time and figures show that people struggling to meet the cost of their monthly commitments are twice as likely to have mental health issues. A study conducted by the University of Nottingham found that the stress...
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Debt, beware the creeping enemy

When you mention debt problems to most people they have an image of destitute families who are on the breadline, merely scraping by with just enough money to feed the children. For generations we have being subjected to the belief that people who exp...
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Finding a Way Out of Debt

Being a graduate, I tend to think of myself as a fairly intelligent person and certainly not the sort who would be likely to fall into debt so badly. Unfortunately that’s exactly what happened and I can honestly say that it was the worst time of my...
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How an IVA Sorted my Debt Nightmare

Like many small business owners, I was hit extremely hard by the economic crisis. I thought it prudent to borrow what was actually a significant sum of money to re-tool my small workshop; imagining that such an action would improve sales. In short, I...
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Solving your debt problems with a Scottish Trust Deed

Introduction A Scottish trust deed is a formal debt management solution. It is the Scottish equivalent to an individual voluntary agreement (IVA) in England. This is a short summary on the Scottish trust deed to help you understand more about what i...
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How Student Debt Can Get Out of Control

While it is an undeniable fact that possessing a university degree is an enviable asset to bring to the workplace, obtaining funds to achieve that degree and finance the period though university can prove daunting. Furthermore, there is always the un...
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