Debt Help

An Individual Voluntary Arrangement (IVA) is a debt solution which can help someone manage their debt problem. If you are thinking of getting an IVA to consolidate your debts into affordable monthly payments, then it is important to look at how this will impact your personal as well as your financial life. Getting an IVA […]

An Individual Voluntary Arrangement (IVA) is only available to individuals in debt; however, what happens when you and your partner want to deal with your debts together? Can you apply for a joint IVA? A Joint IVA technically doesn’t exist; interlocking IVAs are similar and available. So, what are interlocking IVAs?  How does the application

Creditors have a right to demand payment from you if you fall into debt. A statutory demand is a written demand by a creditor to repay a debt which is owed by an individual or a business. A statutory demand is often issued after a creditor has tried on numerous occasions to try and recover

Depression. Anxiety. Stress. These are all words we are hearing more of recently, regarding mental health. Covid-19 and now the cost-of-living crisis has provided a catalyst for these conditions to intensify. So, what happens when mental health starts to affect your life and the way you manage money? Research shows that 50% of adults who

If you are struggling with debt, Breathing Space is a free scheme, backed by the UK government to help ease the stress caused by being in debt. There are two types of Breathing Space Schemes, which include the standard Breathing Space Scheme and the Mental Health Crisis Breathing Space Scheme. In this section, you will

When businesses face the challenges of poor cash flow and owe unpayable debts to creditors, the directors may choose to pursue a Creditors Voluntary Liquidation (CVL). Compulsory Liquidation is when a company is forced to liquidate by a court. The company’s shareholders instead agree upon a CVL as the best course of action to dissolve

Your home could be the most expensive purchase you make in your lifetime. Most people take out a mortgage debt from a mortgage lender or bank and agree to pay back the money borrowed over several years. However, what happens when life takes a turn for the worst, and you are left struggling to pay

Missing payments on your debt or debts can have serious consequences. If you can’t or refuse to pay your debts, then expect letters through the post, calls from the debt collectors or even a visit from the bailiffs for debt collection. It’s an unpleasant scenario to be in? So, if you are in debt and

If you are struggling with debt, then it is important to spot the signs you need help with your debt. If you don’t then creditors can take action against you to get back the money you owe them. One of the ways they will try and recover money from you is by applying for a

Benefits are offered to people who find themselves in a difficult financial situation, such as unemployment, disability or they need to care for someone. Claiming benefits are usually people who have no or are on very low income and getting that extra financial support from the government is seen as a lifeline. As benefits are