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 [...]
Having spoken to a few people this week regarding their financial situation a couple of things were brought up in each of the conversations. One was their plans for Christmas and Boxing Day, and the other was their holiday plans for next year.
Source: Holidays and Credit
It was announced the other week by Gordon Brown, that the government has put together a £1bn rescue package to help struggling homeowners. Initial details of the plan were a bit sketchy, with more information forthcoming, but an overview was this:
Source: Homeowners Rescue Plan
Now we all know that times are a bit tough, but we will all get through this. We always do, right.
Source: Necessity is the Mother of Invention
One of the major factors in relationships ending is due to finances; it is a fact and one well known. So, with the economic downturn we are experiencing you can imagine all the relationships that are going through some very tough times, and not just financially, but emotionally as well.
Source: Tough Times, Tough People
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
If you are currently in an IVA and your circumstances change and you find yourself no longer able to fund the IVA, or cannot fund it at the current payment, what can you do?
Source: Failed IVA’s
Associated Baptist PressNovember 25, 2008 · (08-115)David Wilkinson, Executive Director Robert Marus, Acting Managing Editor/Washington Bureau ChiefBob Allen, Senior WriterIn this issue Global downturn necessitates redoubling of U.S. anti-poverty efforts, report says (807 words) Central Seminary launches capital campaign (515 words) Christian children’s service groups unite to expand ministry reach (451 words) Historical Anabaptist writings [...]
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
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
IVA Questions and Answers