When you face repossession of your home or your car, you may need to declare bankruptcy to save them. If creditors have a valid lien or mortgage on either your vehicle or you real estate filing bankruptcy will temporarily stop any repossession process. If you have already had your car or home repossessed (foreclosed on, in the case of your…
Tag: Creditors
Credit Consolidation Can Help With Harassing Creditors
Do you only make the minimum payment on your credit cards or debt loans? Do you charge most of your daily expenses to your credit cards, while carrying outstanding balances from month to month? If you answered yes to either question, you should probably take a closer look at your finances as there is a good possibility you have more…
Bankruptcy Or Iva The Procedure
Individual Voluntary Arrangement The first thing to do when considering an Individual Voluntary Arrangement is to have a meeting with an Insolvency Practitioner. This meeting can either be face to face or over the telephone. The meeting is to determine whether or not an IVA is a suitable option for resolving financial difficulties and to advice of what other options…
Long Term Debt Problems
Debt counsellors Debt management companies can offer an excellent service for large amounts of out of control debt. If you are having difficulties keeping up with any repayments, then do seek advice from a debt counsellor. They are professionals and know how the creditors work. If you have your debt management plan accepted, a singular monthly payment is made to…
Is Debt Negotiation Bad Points To Consider
Debt negotiation companies that claim they can wipe your credit clean or guarantee they can reduce your debt are bad because they can’t deliver. But reputable companies can negotiate with your creditors, often reducing your debt 10% to 50%. They can also help you rebuild your credit score by reducing debt and getting a handle on your monthly payments. Claims…
Irresponsible Borrowing Means Wary Creditors
Have you ever tried to take out a loan and found yourself almost wince when the, so far amiable, creditor takes a look at your previous credit record? Unsurprisingly, if you’ve shown that you’re an irresponsible borrower then it’s only to be expected that creditors will be a little wary when you try to get a further loan. It is…
An Average Credit Score It Is Important When Borrowing
The average credit score is the rating that the 3 major credit bureaus assign to your credit report. It is based on your borrowing and repayment habits and depends on how much money you owe and how many times you have applied for credit. If you have a low credit score, there are ways of improving it. In general, an…
Uk Guide To Secured Loans Get Easy Access To Secured Loans
Needs can crop up on anyone any time. It is paramount that we should handle them and handle them with due care. A need could be an emotional 0ne or it could be a financial one. We can solve our other problems but where the finances are concerned sometimes it is difficult for us to deal with the financial requirements.…
Common Credit Mistakes
Using expensive or undesirable types of credit costs too much and is negatively scored Accumulating too many lines of credit or too many credit cards causes credit report remarks like “too much consumer credit.” 3. Only paying the minimum due keeps balances too high. make sure you make it a habit to always pay more than minimum 4. Maxing out…
New Bankruptcy Laws
New bankruptcy laws are always being proposed in order to protect both people and creditors. Most proposals usually die in committee before ever being voted on by the full congress. Recently however, there have been some new laws that have sided with the creditors. Understanding new bankruptcy laws is something that the average person might not be able to do.…