Archives for 3 January 2008
Consolidation loans can be ‘very effective’
Article Category: Debt Consolidation Help and AdviceDebt consolidation loans can be "very effective", according to debt help charity Debt Help UK.Iain Wrenshall, director of the charity, said that taking on a consolidation loan is acceptable in the case of several expensive credit card bills or loans being amalgamated into a lower overall interest rate.He does […]
Thousands might be declared insolvent
Article Category: IVA (Individual Voluntary Arrangement) Help and AdviceConcern is mounting that this year could be the worst ever for personal insolvencies.Accountant KPMG has predicted that around 130,000 debtors will enter an Individual Voluntary Arrangement (IVA) in 2008.Last year more than £1.3 billion was written off as a result of IVAs, which enable an individual […]