One Advice | Bankruptcy, IVA & Debt News

3 Key Debt Management Benefits

OneAdvice — Sat, 14 Nov 2009 10:47:15 +0000

A Debt Management Plan is specially designed for those who are unable to meet their unsecured debt repayments. A debt management plan allows you to make a reduced monthly repayment to your unsecured lenders or creditors. The monthly repayment will be tailored to your unique circumstances, dependant on the amount you can afford after your [...]

IVA Debt Management Solution

OneAdvice — Thu, 12 Nov 2009 05:28:31 +0000

IVA is short for Individual Voluntary Arrangement. An IVA can be a successful debt management solution to those with debts over £12,000 who feel as though they cannot afford to repay their debt in full yet wish to avoid some of the long term implications attached to declaring bankruptcy, such as losing their home. If you [...]

Dealing With Your Debts…

OneAdvice — Mon, 09 Nov 2009 08:05:43 +0000

Dealing with your debts may not be the easiest thing, especially in the current economic climate where more and more people are struggling to deal with their debts and make ends meet on a daily basis. It is important that you take action now and ensure that you commit to dealing with your finances and [...]

Kids Biggest Fear is … Debt!

OneAdvice — Fri, 06 Nov 2009 08:40:55 +0000

Economic concerns have filtered down to the young, with almost a quarter of children say that they fear getting into debt and possibly needing to use financial products like a Debt Management Plan or an IVA. Research from Abbey Banking indicates that young people in the UK are worried about growing up into debt, and that [...]

Advantages of Bankruptcy or IVA

OneAdvice — Fri, 06 Nov 2009 08:40:54 +0000

If you are struggling with debt and are going through the process of considering your debt solutions, you may be confused about what your options are and how to understand the advantages of bankruptcy or IVA. Both bankruptcy and IVA are debt solutions designed for those who are severely struggling to repay their debts, but both [...]

Debt Management Solution

OneAdvice — Wed, 04 Nov 2009 09:55:28 +0000

If you are looking for a debt management solution you may have heard about debt management plans and wonder how they can help you to deal with your debt. For personalised advice about our debt management solutions, please contact One Advice now on 0800 048 1752. A Debt Management Plan is an informal debt management solution [...]

Why An IVA Could Be Your Ideal Debt Solution

OneAdvice — Mon, 02 Nov 2009 10:30:50 +0000

If you are considering your options when it comes to your debt, you may be trying to figure out your ideal debt solution. If you have a high level of unaffordable debt spread over multiple creditors, an IVA could be your idea debt solution. Individual Voluntary Agreements (IVAs) are often a suitable bankruptcy alternative for [...]

Debt Defaults are on the Increase

OneAdvice — Sun, 01 Nov 2009 11:17:36 +0000

Record numbers of UK consumers are defaulting of their debt, which can be viewed as a direct consequence of the credit crunch. The number of ‘charge offs’ (debts overdue by more than 180 days) has risen 3% since March, according to research by credit agency Standard & Poor (S&P). Borrowers are being pushed beyond their means [...]

Will Debt Management Reduce Debt Repayments?

OneAdvice — Sun, 01 Nov 2009 11:17:35 +0000

Those struggling with unmanageable amounts of debt and cannot afford to meet their monthly debt repayments may be looking to find a suitable debt solution to help ease this burden. Debt management can reduce the debt repayments that you need to make on a monthly basis, which is why many people who struggle with their unsecured [...]

Credit Card Debt Harder to Repay

OneAdvice — Fri, 30 Oct 2009 06:50:38 +0000

Are you struggling with your credit card debt? If so, then you are not the only one. More people are finding that their credit card debt is harder to repay, and recent figures from the International Monetary Fund predict that 7% of all personal debt in Europe (totalling $2,467 billion) will be defaulted on. Many [...]