Have a Debt Free Life
Having worked in the various industries for a number of years I certainly know how to stay debt free. I now would like to help people get the right free debt help solution for their own unique life situation.Many people have been taught that you cannot get ahead without debt. We are also inundated with advertising telling us we can have anything we want. All we need to do is put it on our credit card. We have become an impatient society, we want it right now. We have lost the ethic saving up for products or services we want.
Banks have relentlessly sold finance to those who can't afford it for years. The bubble has now burst and we are now in the “Credit Crunch”
Many people in debt fight on to try to keep up debt payments, but for many the debts are just too big to ever pay off.
The UK Insolvency Helpline Debt Advice Service state that if your debts are building up and you don't know how you're going to deal with them, you have several options:-
IVA to clear personal debt
An increasing number of people are writing off their debts by taking out individual voluntary arrangements, which involves a partial repayment and can write off up to 70% of debt.
Bankruptcy to clear personal debt
Bankruptcy is a big step and should never be seriously considered until you’ve spoken to a specialist, who can help you decide whether or not it’s right for you. Understanding the consequences of bankruptcy is only part of the question – you also need to understand how the alternative debt solutions work, and what their consequences are.
Debt Management to clear personal debts
A debt management plan turns all your debts into one affordable monthly payment. All the creditors are dealt with on your behalf. The advantage of debt management is the monthly payment is set to an affordable level which is tailor made to suit the individual’s income and expenditure.
Labels: debt advice, free debt help, iva
posted by googleblogger @ 12:09 AM
