One Advice | Bankruptcy, IVA & Debt News

Credit Crunch: Are You Saving More?

OneAdvice — Tue, 27 Jul 2010 18:56:53 +0000

It may seem as though the credit crunch has forced savings to the back of your mind, but according to a spokesman for National Savings and Investments (NS&I), there may not be a decrease in the number of people who are saving. Apparently as country-wide financial worries are more widely reported, an increasing number of people [...]

Debt Repayment Problem for Tenth of UK

OneAdvice — Sat, 24 Jul 2010 18:20:45 +0000

As debt becomes a great burden for more people throughout the UK, almost tenth of British borrowers have missed repayments to one or more of their debts. As economic problems hit home, it seems that more and more people are having problems controlling their debt management issues. According to MoneyExpert, almost 11% of people with a [...]

IVA Advantages & IVA Disadvantages

OneAdvice — Fri, 23 Jul 2010 09:19:35 +0000

An IVA is a legally binding procedure between the debtor and their creditors. If you are considering an IVA, it is important that you are aware of both the IVA advantages and IVA disadvantages. If you are considering your options, ensure that you get expert debt advice from our specialist IVA advisors on 0800 048 1752. IVA [...]

Student Debt Reaches £22billion

OneAdvice — Wed, 21 Jul 2010 15:57:33 +0000

Student debts have now reached £22 billion, up £4 billion in just a year, according to new reports. This figure is £1billion more than the Government’s entire transport budget! The NUS (National Union of Students) have warned that students will graduate from university with debts of up to £40,000, and the worries are that these debt [...]

Credit Crunch Cooking

OneAdvice — Sun, 18 Jul 2010 14:42:15 +0000

The credit crunch means that there are many areas of our lives where we have to cut back on spending, and our weekly food shop is probably one of the main drainers of our disposable income. But according to Fiona Beckett, author of The Frugal Cook, credit crunch cooking can be fun! Beckett believes that our [...]

2 More Debt Solutions to Avoid Bankruptcy

OneAdvice — Thu, 15 Jul 2010 13:39:49 +0000

Many Thanks to Savvy Barefoot Investor for publishing my guest post on the 3 Debt Solutions to Avoid Bankruptcy. In it, I outline three key ways that you could avoid bankruptcy which include: 1: Debt Management Plans: A debt management plan means that you are repaying a lower amount to your debt. Although you can avoid [...]

Many Homes Could be in Negative Equity

OneAdvice — Mon, 12 Jul 2010 13:17:21 +0000

Falling house prices could be that many homes could be in negative equity. Nationwide building society have releases figures which show that average house prices have fallen by 1.7% in September. There has been a decline for 11 months in a row, and the average house value now stands at £161,797, compared to £164,654 in August, [...]

Credit Crunch: Stricter Budgets to Avoid Debt

OneAdvice — Fri, 09 Jul 2010 12:48:20 +0000

The credit crunch has led more Brits to take extra control of their finances, as one in five of us are now setting ourselves a budget so we can worry less about debt. According to PayPal, although many of us are now creating a credit crunch budget plan, it seems as though we may be making [...]

Credit Crunch Debt “Knocked on the front Door”

OneAdvice — Tue, 06 Jul 2010 12:01:56 +0000

The credit crunch onset seemed to happen almost overnight, which has left many Brits with no time to change their spending habits and get help to manage debt. Moneyfacts Darren Cook, head of Public Relations, said that the credit crunch has “knocked on the front door and actually affected the consumer”. If the credit crunch happened [...]

Mortgage Arrears Advice

OneAdvice — Sat, 03 Jul 2010 12:00:43 +0000

The ongoing credit crunch means that many of us are finding less money in our pockets at the end of the month. And, for some, this drop in disposable income may mean they can no longer afford their mortgage and will need to seek mortgage arrears advice. According to recent analysis from Standard and Poor, the [...]