2 December 2008 - by davidguide
Credit cards can be a useful tool but the fact is *most* credit card owners spend way more than they can afford… truly we all know the stress and burden debt often brings!
Lots of folks have found tremendous help and relief from credit card debt management services.
These are usually agencies that will negotiate with your credit card companies (on your behalf) to get you lower interest rates and fees… not only that, but the good ones will work with you to make sure you stay out of debt. Read the rest…
1 December 2008 - by davidguide
Why do people consolidate their debts or enter into IVAs (Individual Voluntary Arrangements)? People in debt may be looking for a debt solution that can reduce their monthly debt repayments and help them get out of debt at a rate they can afford. Debt consolidation loans and IVAs can both do this, but they’re very different debt solutions, suitable for people in very different situations. Neither is better or worse than the other – it’s a question of which is more suitable for the individual in debt.
So, first of all, there’s the issue of eligibility. As a formal debt solution and a form of insolvency, IVAs are only available to people who genuinely can’t keep up with their repayments to their unsecured debts. Read the rest…
