One Advice | Bankruptcy, IVA & Debt News

Debt Solution Options

OneAdvice — Fri, 12 Mar 2010 11:47:10 +0000

When it comes to debt management, UK consumers who are struggling with their unsecured debts have a range of debt solution options available which can help. Are you finding that you can no longer afford to pay your unsecured debts? Are your outgoings more than your incomings? If this is you, you are not alone. You [...]

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 [...]

Debts Advice: Common Debt Mistakes

OneAdvice — Fri, 26 Feb 2010 09:56:27 +0000

The number of people in large amount of debts is increasing all the time and more people are actively seeking out ways in which they can reduce their outgoings. But overspending can often be the result of basic financial error, such as: 1: Taking out a credit card to pay off another credit card. The problem here is [...]

High Recession Risk for Young People

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

Young people are apparently more likely to face the pitfalls of recession and the credit crunch, in comparison to older generations according to a study by the Chartered Insurance Institute (CII). The CII report that the IPOD generation – Insecure, Pressured, Over-taxed and Debt-ridden – will suffer the effects of recession due to being both overprotected [...]

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 [...]