Debt Secrets

The real truth about Extra IVA fees: Charging You for a Commision for an Insolvency Practitioner!

admin — Wed, 14 Sep 2011 21:36:26 +0000

I just read the Individual Voluntary Arrangement article on Wikipedia and I must say I am really angry. Despite the article containing a lot of facts about IVAs it is missing information under the IVA fees section. As I have explained a dozen times including emphasizing in this article: go directly to an Insolvency Practitioner [...]

Beware of Illegal Tactis Used by Debt Collection Agencies in the Uk

admin — Mon, 02 May 2011 13:16:05 +0000

Some Debt collection agencies and debt collection companies use lies and other deceitful practices to pressure you in debt collections. These practices are unacceptable and often illegal. It is a good idea to be aware of them: For example they will try to pressure you into selling property or borrowing money in order to pay [...]

MABs Ireland, How to get help with debt from the Money Advice and Budgeting Service

admin — Thu, 11 Nov 2010 14:13:49 +0000

The role of MABS The Money Advice and Budgeting Service’s role is to provide free, independent and non-judgemental advice and help to people who have a debt or money management problem. Money Advice The service evaluates the client’s debt problem and helps the client to decide the best way to deal with it. The service [...]

How to Provide Expert Debt Advice Some Issues and Notes for Professionals

admin — Tue, 19 Oct 2010 13:40:03 +0000

In the provision of debt or money advice, there are three client specific issues that I would like to highlight as important. The first concerns prioritizing advice, the second is the importance of meeting the client’s needs and the third is managing the client’s expectations. Prioritize the Most Indebted and Most Vulnerable The service needs [...]

Five top tips for keeping your debts down

admin — Fri, 15 Oct 2010 12:02:57 +0000

If you’re in debt and looking to stop those debts getting any bigger, organizing your finances is important. All too many people who find themselves struggling are doing so because they don’t take as much care of their money as they could. But with a few simple steps, you could greatly reduce your chances of [...]

Understanding Debt Series: Part 3 The Effects of Debt

admin — Sat, 04 Sep 2010 18:37:21 +0000

This is part 3 of a three part educational series on debtsecrets.co.uk about Understanding Personal Debt. These articles are aimed at professionals working in debt advice / debt advocacy services or anyone interested in personal debt. Part 2 which gives examples of the causes of a personal debt crisis is available here. Financial Effects of [...]

Understanding Debt Series: Part 1 The Causes of Debt

admin — Wed, 01 Sep 2010 23:43:57 +0000

This is part 1 of a three part educational series on debtsecrets.co.uk about Understanding Personal Debt. These articles are aimed at professionals working in debt advice or advocacy services. Part 1 discuses the causes of a personal debt crisis. The Causes of Consumer Debt Problems: Consumer Debt is caused by a multiple of factors but [...]

Understanding Debt Series: Part 2 Some Real Life Examples of the Causes of Debt

admin — Wed, 01 Sep 2010 10:48:57 +0000

This is part 2 of a three part educational series on debtsecrets.co.uk about Understanding Personal Debt. These articles are aimed at professionals working in debt advice / debt advocacy services or anyone interested in personal debt. Part 1 which discuses the causes of a personal debt crisis is available here. These are some real life [...]

Debt Problem in Ireland?

admin — Wed, 01 Sep 2010 01:03:13 +0000

Welcome to all Irish readers from Debtsecrets! As we all well know Mortgage as well as credit card debt and other personal Debt has soared 600% in Ireland in the last 10 recent years. And now in Ireland September 2010 those that have not tried leaving the country to escape their debts are in an [...]

IVA secret 9: Why how much you pay in IP professional fees really does matter.

admin — Fri, 13 Nov 2009 00:46:37 +0000

One of the great IVA myths is that the IP fees are paid completely by the banks and the indebted individual should therefore not worry about them. It is true that the IP fees are written into the arrangement but this means that part of the money used to pay back monthly to your creditors [...]