Debt collectors in the UK have been given new powers to collect debts at a time when consumers are facing growing economic tension and uncertainty. Under the new regulations debt collectors would be allowed to force their way into home, restrain residents and seize property in order to pay off credit card bills.
Source: Baliffs Get [...]

It appears the government is doing something to address the consumer’s need for help in paying back their credit card debt.
Source: More Time to Pay Your Credit Cards

I wrote the other day about holidays and the upcoming Christmas and Boxing days and how some people were scaling back.  From what I have read lately, not everyone is scaling back as the shops seem to be doing well; so I thought I might write about the relief, depression, panic, and the ‘what have [...]

I just read in the news that the credit crunch has hit Madonna and Sir Paul McCartney!  You may wonder how, as they both are richer than many small countries, but they both, in addition to a few other big time musicians, Neil Diamond and the Eagles to mention a few, have scrapped their tour [...]

As the economic times slide downward, one thing you start to hear a bit more of is bailiffs.  Few words strike fear in people’s financial hearts as hearing the threat of sending bailiffs out to take your stuff.
Source: <a target=”_blank” href=”http://myvesta.org.uk/articles/articles/4153/1/Bailiffs-Bankruptcy-and-You/Page1.html” title=”Bailiffs, Bankruptcy and You”>Bailiffs, Bankruptcy and You

More and more I am hearing from people who cannot meet their monthly obligations to their debts and want to find a way to service the debts without affecting their credit history or credit score.
Source: Credit Scoring and You

Yesterday’s announcement by the Insolvency Service that Simplified IVAs (SIVAs) due in April 2009 will now be scrapped, means debtors will lose out, says R3 the insolvency trade body
Source: Insolvency professionals concerned at sudden withdrawal of proposed solution for personal debtors

I have been reading of some wild and wacky stuff people are doing in these troubled financial times; the credit crunch.
Source: Changes in These Times

WTF Insolvency Service. Why Castrate the SIVA? Myvesta, UK - 3 hours ago By Steve Rhode Things were moving along nicely with pushing the Simplified Individual Voluntary Arrangement (SIVA) forward to give debtors more options to …
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WTF Insolvency Service. Why Castrate the SIVA? - Myvesta