Do you know the differences between debt consolidation vs bankruptcy? If you are having difficulties keeping up with debt repayments then you may be looking at which one is right for you. Many of us struggle with debt and the average total debt per UK household is £62,965. So which option is right for you? Debt consolidation […]
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Did you know that the global debt is approaching $300 trillion? This number includes government debt, house-related debt, bank debt, and more. In this article we explore what is a debt consolidation loan? If you have some debt, you’re not alone. But, you should still focus on paying back the debt that you do have. It’s
Do you live in the UK and are struggling with debt? Click here to learn more about the debt management plans available for you.
Debt consolidation loans can help when you’re deep in debt, but there may be better alternatives. Learn more about the pros and cons of these loans and alternate options.
What Are the Pros and Cons of Debt Consolidation Loans? Read More »
Here’s the ultimate guide to debt consolidation. Is your debt keeping you up at night? Are you looking at the multiple payments you have to make each month and wondering if there’s an easier way to get back in control of your finances? According to a research briefing that was put out by the House
Many people struggle to keep their finances in order need to write off debt. Even if you are able to maintain a steady income, it is easy to be overwhelmed by a build-up of debt. Here’s a guide on how to write off debt: However, there are programs that can allow you to file for
In this article we have produced the ultimate guide to IVAs. Insolvency is no laughing matter. It’s an issue that affects a large number of people at one point or another. And if it’s something you’re dealing with currently, it’s easy to feel like you have nowhere to turn. However, that couldn’t be further from
Before you file for bankruptcy read this. We break down everything you need to know about IVA vs bankruptcy so you can choose the best option for your situation. Are you looking for a way out of financial trouble? It’s nothing to feel shame over. A lot of people go through hard times at some
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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.