Debt Advice l Bank Accounts l Loans l Remortgages l Insurance l Car Finance - thinkmoney.com

Should I switch my mortgage?

Thu, 11 Mar 2010 10:15:9 GMT

With average mortgage rates a fair bit lower than they have been in recent years, switching your existing mortgage deal to a cheaper one could save you a lot of money.

Full article: Should I switch my mortgage?
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How much can I afford to pay towards my IVA?

Thu, 11 Mar 2010 16:23:11 GMT

If your debts have become completely unmanageable, you`ll want to find a debt solution that can bring your debt repayments down to an affordable level.

Full article: How much can I afford to pay towards my IVA?
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Cutting costs to help with debt

Wed, 10 Mar 2010 17:27:43 GMT

When your debts start to cause you problems, the first thing you`ll want to do is look at where you can cut back and make more room for your repayments.

Full article: Cutting costs to help with debt
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Struggling with debt: debt management plans

Tue, 9 Mar 2010 17:46:35 GMT

Struggling with debt is never a good situation to be in, and if you find yourself in trouble, you`ll want to find the best way of clearing your debts.

Full article: Struggling with debt: debt management plans
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What protection can an IVA offer?

Mon, 8 Mar 2010 16:30:9 GMT

An IVA is a legally-binding agreement with your lenders in which you`ll repay as much of your debts as you can afford over an agreed period of time, after which the rest of your debt will be written off.

Full article: What protection can an IVA offer?
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Is debt management better than bankruptcy?

Sun, 7 Mar 2010 16:19:37 GMT

Some people automatically think of bankruptcy when it comes to clearing unmanageable debt, but debt management plans and other debt solutions have given borrowers a range of options. But are the alternatives always better than bankruptcy?

Full article: Is debt management better than bankruptcy?
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What is an IVA `notice of breach`?

Sat, 6 Mar 2010 16:7:56 GMT

If you miss a number of IVA payments (typically three), you will usually receive a `Notice of Breach`: a formal notice telling you that you have breached the terms of your IVA.

Full article: What is an IVA `notice of breach`?
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How to get a better credit rating

Fri, 5 Mar 2010 13:19:14 GMT

Your credit rating is a very important factor when it comes to borrowing money. It helps determine whether you`re likely to be offered a loan - and if you are accepted, it can also have an impact on the interest rate you`re likely to be offered.

Full article: How to get a better credit rating
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Does the money in an IVA account earn interest?

Thu, 4 Mar 2010 10:5:33 GMT

When you make a payment on your IVA, the money will go to a client account before the agreed amounts are distributed between your lenders.

Full article: Does the money in an IVA account earn interest?
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Do you live on your overdraft?

Thu, 4 Mar 2010 10:21:2 GMT

This month, research from Moneysupermarket indicated that 10% of British adults are permanently living on their overdraft - that is, their monthly income isn`t enough to clear the debt they owe to their bank.

Full article: Do you live on your overdraft?
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Is an IVA a government-backed debt solution?

Thu, 4 Mar 2010 18:0:20 GMT

An IVA is a contractual arrangement with your unsecured lenders in which you`ll pay as much as you can towards your debts for an agreed period of time, after which your remaining unsecured debt will be written off.

Full article: Is an IVA a government-backed debt solution?
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Can I take a break from my IVA?

Tue, 2 Mar 2010 14:40:23 GMT

An IVA (Individual Voluntary Arrangement) is designed to last long enough for your lenders to get back a reasonable proportion of what they are owed, while giving you a definite date for clearing your debts.

Full article: Can I take a break from my IVA?
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What are the IVA guidelines?

Thu, 25 Feb 2010 16:20:53 GMT

When your debts have become so unmanageable that you can`t see yourself ever repaying them within a reasonable period of time, one option for clearing your debts is an IVA (Individual Voluntary Arrangement).

Full article: What are the IVA guidelines?
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A recession of surprises

Mon, 22 Feb 2010 11:59:39 GMT

The 2008-2009 recession wasn`t the first - and it won`t, unfortunately, be the last. A lot of bad things have happened, from rising unemployment to record levels of personal insolvency, but it hasn`t been all bad news.

Full article: A recession of surprises
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What do the latest insolvency stats tell us about IVAs?

Fri, 19 Feb 2010 10:40:25 GMT

The latest insolvency statistics, compiled by the Insolvency Service, showed the highest levels of insolvency on record. There were 35,574 individual insolvencies in England and Wales in the final quarter of 2009, as borrowers continued to struggle with high levels of debt in the difficult economic climate.

Full article: What do the latest insolvency stats tell us about IVAs?
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Which debt should I pay off first?

Wed, 17 Feb 2010 9:51:3 GMT

When you have multiple debts that you need to repay, deciding exactly how to go about it can be difficult. The right way to do it depends on your circumstances.

Full article: Which debt should I pay off first?
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Will I pay less interest with a debt consolidation loan?

Thu, 11 Feb 2010 14:30:12 GMT

If you`re looking for a way of reducing your monthly outgoings and/or simplifying your finances, a debt consolidation loan could be for you. It`s a new loan taken out to pay off multiple existing debts - effectively meaning all your debts are combined into one.

Full article: Will I pay less interest with a debt consolidation loan?
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How do I make payments to my debt management plan?

Wed, 10 Feb 2010 11:54:40 GMT

If you arrange your debt management plan through a debt management company, you will make single monthly payments to the company, who will distribute the agreed amounts to each of your lenders.

Full article: How do I make payments to my debt management plan?
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IVA: the creditors meeting

Tue, 9 Feb 2010 10:45:39 GMT

If your debt problems have become so serious that you don`t think you`ll ever be able to pay off your unsecured debts, an IVA (Individual Voluntary Arrangement) could be right for you.

Full article: IVA: the creditors meeting
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Advantages of using a debt management company

Tue, 9 Feb 2010 16:10:27 GMT

There is no single reason why you should use the services of a professional debt management company when setting up your debt management plan - it`s down to personal preference. But there are various reasons why many people choose to do it this way.

Full article: Advantages of using a debt management company
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