In the UK an IVA is an Individual Voluntary Arrangement and is a formal agreement between you and your Creditors. An IVA is usually appropriate for someone who cannot make their regular monthly repayments but can make a payment after paying their other expenses. An IVA proposal details how you will repay your Creditors and usually lasts over a period of five to six years.
If you are struggling with Payday Loans and can no longer afford the repayments, in order to stop payments being taken you should cancel the Continuous Payment Authority the lender will have set up against your debit card. Continuous Payment Authority is basically the permission you granted to allow the lender to debit your account. If you are looking at setting up an arrangement to
Back in 2009 I turned into a bit of a Payday Loan addict and had numerous loans from a number of payday loan companies. One day I woke up and decided that enough was enough and I wasn’t going to pay for any more extensions or roll overs. Thus the end result was that I did not pay my Uncle Buck payday loan. Why take
Everything is in place now in regards to getting on top of my debts. The next step is sticking to the five year plan of sorting out this debt and this blog should help with that, well maybe. There are some things on the to do list which will need to be completed. Contact all Creditors to make sure the outstanding balances are correct. Work
Today I am writing about my debt and the first steps I am taking in order to begin to sort it out. For at least the last 12 months the monthly budget has been running at a deficit. This means that more has been going out than has been coming in. The difference hasn’t been too great, less than £100 per month and by continually