Last Updated:
October 18, 2018

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Dealing With Debt
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Quotes About Debt – The Wise, The Funny & The Inspirational

The wise, the funny and the inspirational quotes about debt – we hope you enjoy. “I’m living so far beyond my income that we may almost be said to be living apart.” – E.E. Cummings “Credit buying is much like being drunk. The buzz happens immediately, and it gives you a lift. The hangover comes the day after.” – Dr. Joyce Brothers “Annual income twenty pounds, annual expenditure nineteen six, result happiness. Annual income twenty pounds, annual expenditure twenty pound ought and six, result misery.”  – Charles Dickens “Creditors have better memories than debtors.” – Benjamin Franklin “If you owe Keep Reading >>>
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Where To Find Free Debt Advice

Learn all about debt and where to find free debt help through the many UK debt charities – don’t pay for debt help. Personal debt is on the increase in the UK – here’s the latest statistics in October 2013: Total consumer credit lending in the UK £158.7 BILLION Average household debt £6,020 excluding mortgages, £54,141 including mortgages £164 MILLION is paid in interest on personal debt each day 1326 people were made redundant each day (May-July) 899,000 people had been unemployed for a year or more A property was repossessed every 17 minutes and 4 seconds Someone was declared Keep Reading >>>
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DIY Debt Help

So …… you’re in debt and want to sort things out yourself – diy debt help – where should you start ? First things first, DON’T PANIC, after all, it’s only money isn’t it and, no matter how horrible things feel right now it’s usually not that bad and don’t forget that you are never alone – especially right now when there are thousands and thousands who find themselves in the same, if not worse position to you. Again, it may not feel like it, but there are things you can do and steps you can take and you CAN Keep Reading >>>
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Dealing With Debt

You are not alone when it comes to debt although it may seem so right now! The Citizen Advice Bureaux alone dealt with 8,910 new debt problems in England & Wales every working day during the year ending June 2011 … that’s over 3.2 million. That rate has remained relatively consistent with a total of 6.4 million people seeking help in 2014/15. Approximate numbers with accurate, up to date figures available at www.creditaction.org.uk So, one thing’s for certain, you’re NOT alone! You’re in debt and finding it hard to manage – first things first, DON’T PANIC, after all, it’s only money Keep Reading >>>
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Credit Card Consolidation – Is It Always The Right?

Credit card debt can easily mount up, especially if you have access to multiple credit cards. The ease, the temptation, the access to finance is sometimes hard to resist and, even with the best of intentions, sometimes the full balance isn’t paid off and the longer this goes on the harder it is to clear the balance and hence the need for credit card consolidation. Credit card debt is flexible but not cheap and if it’s built up to a great degree, it MAY be in your interests to transfer the balance to a loan. If you’re considering this though Keep Reading >>>
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Debt And Stress – Don’t Let It Make You Ill

Debt and stress go hand in hand. Being in debt can be a horrible experience that can affect your life and make you ill … if you let it! Debt sounds simple – it’s defined as “an amount owed to a person or organization for funds borrowed” but, in reality it goes far, far deeper than that – beyond just a simple financial transaction to something that can cause untold worry, stress, anxiety, despair and even depression. Something that can affect lives, cause the loss of property and can break even the strongest of relationships. Something that can keep you Keep Reading >>>
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Debt – The Astounding Facts

Bad credit and debt – the astounding facts … add up all the personal debts in the country together and the numbers are astounding. Fairly recent  figures are that UK personal debt stands at over £1,450 BILLION pounds. £1,250 Billion of this is secured lending on property (mortgages for example) leaving £200 Billion+ representing everyday consumer credit. Most people are in debt to some extent but millions have more debts than they can afford to pay off. Average household debt (excluding mortgages and unsecured lending) is £8,042 per household. Including mortgages this average household debt figure rises to £55,582. The Keep Reading >>>
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Debt Consolidation Loans

Debt consolidation loans are loans to pay off multiple other loans – we see these advertised everywhere with familiar faces on TV ads telling us how you can consolidate all our monthly debts into one easy monthly repayment and the memorable catchphrases that accompany the ads. Whilst it may provide an ideal solution in some cases it’s certainly not right for everyone. If you are considering a debt consolidation loan it’s vital that you talk to an expert as there MAY be an alternative option that’s more suitable to help you deal with debt and debt problems. If you find Keep Reading >>>
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Bankruptcy

Bankruptcy is an option that often has to be considered when an individual cannot pay their debts as they fall due. It is the final extreme of debt. If you have no way of making repayments with what income you receive then declaring bankruptcy may be your only option. It should only be done as a last resort as there are consequences that come with it. If you are considering bankruptcy it’s vital that you talk to an expert as there MAY be an alternative option. Once bankruptcy has been declared it is the courts that decide how much you Keep Reading >>>
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IVA

An Individual Voluntary Arrangement, or IVA as we commonly know it, is a formal agreement made between a debtor and his creditors about how debts will be paid (either in full or in part). You need to apply to a court and an insolvency practitioner has to be appointed to supervise the arrangement. An IVA is an alternative to bankruptcy. The terms of the proposal to creditors may be very flexible, but creditors would usually expect that they would receive at least as much from the debtor as they would if the debtor was made bankrupt. An insolvency practitioner (IP) Keep Reading >>>
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