One Advice | Bankruptcy, IVA & Debt News

Alternatives to Debt Consolidation

OneAdvice — Mon, 01 Mar 2010 11:02:08 +0000

If you are struggling with your debt, there are a number of debt solutions which you may consider. Alternatives to debt consolidation are something to consider as not everyone is suitable for a debt consolidation loan. There are a number of debt solutions which require no further borrowing but still allow you to manage your debts [...]

Difference Between Consolidation Loan, Debt Management and IVA

OneAdvice — Fri, 26 Feb 2010 09:56:25 +0000

Often, when coming across a range of debt solutions, you may come across the benefit that they can all consolidate your debt. But what does debt consolidation really mean and what is the difference between consolidation loan, debt management and IVA? People often believe that debt consolidation can only come in the form of a loan [...]

Repay Debt with a Debt Management Plan

OneAdvice — Wed, 24 Feb 2010 07:00:06 +0000

It is possible to repay debt with a debt management plan and become debt free. A debt management plan is designed for individuals who are struggling to manage multiple debts and find themselves falling behind on repayments. A debt management plan can combine all of your existing debts into one lower monthly payment, this should [...]

15 Years for First-Time Buyer Loan

OneAdvice — Mon, 22 Feb 2010 07:55:49 +0000

It looks as though more first-time buyers are going to have to take better control of their debt management, as new research suggests that it could be 15 years before a first-time buyer loan agreement is reached, due to the time it takes to save for a deposit. A poll by the Fair Investment Company revealed [...]

What Level of Debt is Needed for a Debt Management Plan?

OneAdvice — Mon, 22 Feb 2010 07:55:48 +0000

A Debt Management Plan is a flexible, informal arrangement between you and your unsecured creditors where you agree to make a single reduced monthly payment towards your debts based on what is affordable to you after your income and other outgoings have been taken into account. Your eligibility for a Debt Management Plan is dependant on [...]

Debt Solutions from a Debt Management Company

OneAdvice — Fri, 19 Feb 2010 06:24:07 +0000

Understanding the different debt solutions from a debt management company can be confusing. There can be a number of debt solutions on offer but it is essential that you fully understand the benefits which each debt solution can give you and what the advantages there are over alternate debt solutions. The different debt solutions are specifically [...]

Council Tax Debt Leads to 1.4m visits by Bailiffs

OneAdvice — Wed, 17 Feb 2010 11:26:39 +0000

Council Tax debt has led to bailiffs visiting over 1.4 million homes over council tax debts in 2009, according to statistics obtained by the Conservatives. There has been a 60% rise in the number of families being pursued for their council tax debt. And the sharp rise council tax bills is thought to be the reason [...]

Mortgage Approval Drops 65%

OneAdvice — Mon, 15 Feb 2010 10:32:52 +0000

The number of mortgage approvals has declined by 65% over the past year, with July figures almost matching the record low in June. The British Bankers’ Association (BBA) said the number of mortgages approved in July totalled 22,448, which represents a 10 year low of the value of mortgages approved at £3.2 billion. The number of [...]

Alternatives to the Bankruptcy Process in the UK

OneAdvice — Mon, 15 Feb 2010 10:32:51 +0000

Bankruptcy is the most extreme of all the debt solutions, and bankruptcy should only ever be used only as a last resort, once you have exhausted all the possible bankruptcy alternatives and have found no other way to deal with your unmanageable unsecured debt. For most people, this is not the best option for dealing [...]

10 Valentines Ideas for the Credit Crunch Pocket

OneAdvice — Fri, 12 Feb 2010 05:21:06 +0000

Valentine’s Day is just around the corner. And even before these credit-crunch times, we all know how it can often turn out to a very expensive day to show your love, especially if your other half has expensive tastes! But it is possible to be romantic whilst living on a credit crunch budget. Here are [...]