Payday loans are a common type of borrowing for people who have trouble managing their cash flow. They deal in short term loans. They allow you to take out a short-term loan and pay it back on the next payday. You can find short term payday loans online, an online payday loan, but not exclusively. […]
If you are thinking “how can I check my credit score” as well as some tips on how to keep your credit score high keep reading. Checking your own credit will never harm your credit rating; it’s a common misconception. It is always worth checking with the credit reference agencies your score today. Your credit
It is no secret that welcoming a new pet into your home will cost money. There are a wide range financial considerations, from treats and toy to medicine and microchips, pet ownership can sometimes feel like the monetary equivalent of a trying to fill a bucket with water bucket that has holes in it. According
Financial Considerations For Pet Owners – What You Need To Know Read More »
If despite your best efforts to cut costs, your energy bills are still high, it’s worth examining your unused appliances. This is a guide to save money on unused household appliances It’s tempting to believe that switching the switch is enough, but with most appliances still consuming electricity while plugged in and people’s finances being
A guide to save money on unused household appliances Read More »
If you don’t make your credit card or loan payments on time, you could get a default on Credit Report which will impact your score. Here’s what else you should know about defaults. The Consumer Credit Act is an important law that covers most commercial lending in the UK. It sets out what creditors must
With utility providers sent to increase energy bills by 80% next month with further significant rises predicted in January and April 2023, impacting millions of people across the UK, you may be wondering how you are going to be able to cope with the increased monthly expenditure. This is in addition to general inflation pushing
10 Ways to Save on Household Expenditure – Money Saving Tips Read More »
An IVA and bankruptcy are two legally-binding arrangements between you and your creditors to take control of your unsecured debts. They allow debtors to handle their obligations. In both cases, your creditors must adhere to the terms of the agreements. So below are the main differences between an IVA or Bankruptcy. The choice of an
Individuals who are suffering from overwhelming debt that they can’t afford to repay might find that an Individual Voluntary Arrangement (IVA) is a good way of repaying debt. However, if you choose to go through an IVA, there are many reasons creditors would refuse an IVA. Today, we will be looking at why some creditors
The UK government has put in place several measures to help with the recent cost of living crisis and rising energy costs. By the end of 2022, with rising cost, it is estimated that the energy price cap will see energy bills rise to ÂŁ3,000 per year for the average household. Which does not follow
What has the UK Government done to help the cost of living? Read More »
Do you feel caught in a debt trap, like there is nowhere left for you to turn when it comes to your finances and credit? Many people have felt like that at one point or another in their life. The important thing to know is that you have options. Here’s a quick guide to setting
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.