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Appreciate the Benefits of Using Debt Management Plans (DMP)

Posted by on August 20, 2013 in Debt Management | 0 comments

Appreciate the Benefits of Using Debt Management Plans (DMP)

A debt management plan (DMP) is an arrangement that is organised with a specialist debt service and your creditors. All aspects of the DMP are likely to be arranged by the debt management service which should help with taking a lot of stress off your shoulders. An agreement with the creditors using this type of plan is intended to make certain any arrangements are that much more affordable and will mean that you are more likely to stay on top of the payments to be paid each month. A DMP might be organised through the charities or organisations...

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Debt: Important Questions and Answers

Posted by on August 20, 2013 in Debt Management | 0 comments

Debt: Important Questions and Answers

Debt is certain to be very confusing and complicated in a wide range of situations. You might want to read our questions and answers which help with some of the more common questions that are likely to be asked in relation to debt issues. Am I likely to be liable for covering debts in my partner’s name? If you are in a position where you have signed a joint agreement with a partner, you will find that you are equally responsible for making the timely payments until the debt is paid off in full. The only way that you can be liable for a...

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Learn How Bankruptcy Works

Posted by on August 20, 2013 in Debt Management | 0 comments

Learn How Bankruptcy Works

In this current financial climate, a lot more people are starting to rely on bankruptcy as a solution for dealing with debt. However, it is important to appreciate that this significant step is only truly effective in certain circumstances. If used inappropriately, bankruptcy is likely to cause a lot more issues than it is actually able to solve. Benefits of applying for bankruptcy Puts a limit on the number of years in which you will be repaying the debt Offers legal protection from creditors in regards to the debt Negatives of applying for...

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Benefits of Using the Self-Employed IVA

Posted by on August 20, 2013 in Individual Voluntary Agreement | 0 comments

Benefits of Using the Self-Employed IVA

Using a self-employed individual voluntary agreement (IVA) is likely to mean that you are able to avoid the potential of filing for bankruptcy by making the necessary agreements with creditors. An IVA is likely to mean that you are required to pay off a certain percentage of the debt to the creditors over a specified period of time. If you are able to meet the required criteria of signing up for one of the self employed IVA schemes you will find that these aren’t as restrictive as a bankruptcy, while the penalties are also likely to be...

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Using Debt Consolidation Loans

Posted by on August 20, 2013 in Debt Consolidation | 0 comments

Using Debt Consolidation Loans

Using a debt consolidation loan is certain to be an attractive proposition to those that are experiencing serious difficulties with managing the finances. A family that is trying to manage multiple debts is certain to find many benefits with the single consolidation loan. If you would like to simplify the entire process of managing the debts and making multiple payments each month that much easier, you will certainly find that just needing to make the single repayment to the company that organised the consolidation loan is going to be a...

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