With the holiday season comes a real temptation to overspend – people often get too caught up in the spirit of Christmas and expend more than they can handle. Unfortunately, the January blues arrives with unwelcome reminders of debt: credit cards are maxed out and bank accounts look bleak. When we overextend our spending habits […]
What is a credit report? It’s a common question, yet most people aren’t fully knowledgeable about its significance. A credit report reflects an individual’s financial standing in crucial areas such as debt repayment history and current accounts. Knowing how to read it is the first step towards taking control of your finances! When banks or
What is a Credit Report? The Facts You Need to Know Read More »
With 2022 coming to an end and the new year just around the corner, it’s the perfect time to start setting some financial goals for the new year. We know that the past two years have been extremely challenging for so many people. Firstly impacted by the back end of the Covid-19 global pandemic. Then,
Financial Goals for The New Year – Take Control of 2023 Read More »
When people hear the term “domestic abuse,” they often think of physical abuse and domestic violence. While this is certainly one form of abuse that victims may experience, other forms such as emotional and mental abuse are just as prevalent. Another type of abuse that is beginning to be recognised in its own right is
How To Recognise Financial Abuse and Get The Right Help Read More »
The debt collection process and vulnerability often go hand in hand. One of the most pressing issues in the money advice industry today is working with vulnerable clients. By definition, these are people who have experienced very difficult circumstances, and helping them can be extremely challenging. Money troubles bring about a range of negative emotions
Vulnerability and in Debt? – What You Need to Know Read More »
Although debt may seem like a negative thing, it doesn’t have to be all bad news. Debt can actually help you finance big purchases that you may not be able to afford upfront, but it’s important to only go into debt for something worthwhile and avoid anything that could put you in financial jeopardy. People
How Much Debt Is Normal? Good Debts Vs Bad Debts Read More »
For many people, feeling debt isolation and loneliness because of debt has been a problem for a very long time. In the past, if people wanted something expensive like a new car or the latest phone, they would save up money to buy it outright. However, with the recent accessibility of financial tools like overdrafts,
Although an Individual Voluntary Arrangement (IVA) has helped many people achieve financial independence, it’s not the right solution for everyone. You may be wondering “how does an IVA affect my partner?” An Individual Voluntary Arrangement is a big decision with long-term effects, so it’s crucial to understand how it works and what will happen before
Does An IVA Affect My Partner? – What You Need to Know Read More »
If you want to save money this festive season, with less than 50 sleeps to go, it’s time to start preparing now and not leave everything until Christmas Eve. This doesn’t mean celebrating early, it just means being proactive and organized. There are lots of things you can do now to cut down on costs
Because the cost of living has increased, people are now paying much closer attention to their spending habits. With energy prices continuing to climb next year, many individuals are searching for ways to save money in their homes when using energy intensive home appliances such as electric ovens, the dishwasher and washing machines. Even though
6 Amazing Ways to save on Common Household Appliances Read More »
Become Debt Free is a trading style of Re10 (Finance) Limited Registered Number 04651137.  Data Protection Act Registration Number – Z8613095
Become Debt Free specialise in providing and administering Individual Voluntary Arrangement (“IVA”) solutions to individuals based in England, Wales and Northern Ireland.  We do not administer Debt Management Plans, Debt Relief Orders, or any other debt solutions.  We only provide advice after completing or receiving an initial fact find where the individual(s) concerned meets the criteria for an IVA, therefore, all advice is given in reasonable contemplation of an insolvency appointment.
* To qualify for debt write off in an IVA with us, you must have a minimum of £7,000 of qualifying unsecured debt owed to two or more creditors.  The amount of debt write off is based on your own personal circumstances – typically this could be up to 85% of what you owe; and this has been achieved by over 10% of our customers who have successfully completed their IVA’s in the last 12 months. The amount of debt write off differs for each customer and is dependent upon their individual financial circumstances and subject to the approval of their creditors.
Andrew Bowers is authorised in the UK to act as Insolvency Practitioner by the Insolvency Practitioners Association.