Debt Relief Orders introduced

8 April 2009
This week, on April 6th, a new form of insolvency was introduced - the Debt Relief Order (DRO).... read more »

Debt management: should I ‘go it alone’?

15 December 2008
Debt management is a process that involves talking to unsecured lenders, asking them to consider ways of helping the borrower repay money in an affordable, sustainable manner. They might, for example, agree to accept lower monthly payments, freeze interest and / or waive charges.... read more »

Which is right for me: IVA or DRO?

21 September 2009
When it comes to dealing with unmanageable unsecured debts, there are a number of solutions that can help people clear their debt and get back in control of their finances. Two of the options are an IVA (Individual Voluntary Arrangement) and a DRO (Debt Relief Order). IVAs and DROs can both help people clear their unmanageable debts, but each is suitable for people in different circumstances.... read more »

IVA: questions and answers

13 January 2010
Like any debt solution, an IVA has its advantages and disadvantages - and you should be aware of these before you make a decision about whether or not an IVA is right for you.... read more »

Does debt consolidation always mean a loan?

2 February 2010
Often, when people refer to `debt consolidation`, they are talking specifically about just one debt solution: a debt consolidation loan. However, the phrase `debt consolidation` can also be used to mean any debt solution that combines multiple debt payments into one (a major advantage of this is that managing one monthly payment should be much easier than making several payments).... read more »