The Pitfalls To Look Out For In Debt Management
If you didn’t already know it – debt management is a huge growth industry. There are more of us experiencing debt, and there are more of us who are experiencing the pain of repaying that debt. As with all growth industries though, there are some who are involved in debt management who have less scruples than others do. For this reason, it is always helpful to keep one eye open for some of...
Read MoreTrust Deeds
A trust deed is employed in Scotland and is a voluntary but legally binding formal arrangement between a debtor, a trustee and their creditors. A debtor, an individual who often has a very large sum of debt they need to clear, volunteers to transfer their assets to a professional Insolvency Practitioner, known as a trustee. It is then the responsibility of the trustee to administer these assets...
Read MoreHow IVA’s work
Before applying for an IVA, Individual Volunteer Arrangement, you need to be aware that they are only beneficial for beneficial if your total monetary debt equates to more than £15,000, if this is not the case then an alternative form of debt management shall be more appropriate. However, if you are in a situation where your debt totals to over £15,000 then the first step towards procuring an...
Read MoreDebt Management Tips
Each of us knows the feeling: it’s month end, we have a handful of bills to pay, have to go to several different banks and post offices to pay them, and all the time we are worried that we’ll pay the wrong amount to the wrong creditor. If only we could arrange our debt management a little better, our lives would be just so much easier. But, the fact is that your debt management need not...
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