What Can I Do To Get out of Debt?

stressed person

Question Hi Jon, I need some advice on how to get out of the debt I am in. I owe £35,000 due to my business failing, and another £10,000 in personal debts. I am the Director of the company and guaranteed all the business loans. I am back trading, but not at the level I […]

Can I Be Made Bankrupt in The UK For a Debt in Dubai?

being chased

Question Hi Jon, I moved to Dubai 5 years ago and lived there 2 years. Once my work contract ended I had to move back to the UK as my work Visa to stay in Dubai had expired and I could not find new work. When I left I had a car on finance and […]

What Is a Token Payment Arrangement?

£ sign

A token payment arrangement, or token payment plan, is a way to help someone who may be experiencing a major financial change, be in debt, and needs a space or time to sort the matter out. It is similar to the “breathing space” scheme many creditors are offering. How Does a Token Payment Plan Work? […]

What is a Debt Management Plan? And When to Use One to Get Out of Debt.

no debt, debt buster

When trying to find solutions to getting out of debt, there are many, however, not every option is best suited for each person. It can depend on their full set of circumstances. Some questions that need to be addressed prior to someone being advised to which is the best course of action to get out […]

What Are IVA’s/Individual Voluntary Arrangements?

signing an agreement

You’ve seen the ads on the Internet: Get Out of Debt Today! New Government Plan to Reduce Your Debt! Pay Back Pennies on the Pound and Eliminate Your Debt? Be Debt Free With Just a Few Simple Steps! Most of these ads are referring to what is called an IVA or Individual Voluntary Arrangement. Individual […]

How To Get Out Of Debt

debt, UK debt, how to get out of UK debt

“Neither a borrower nor a lender be” Hamlet Act 1, Scene 3 Debt: “The state of owing money to someone, or something”. Debt is a four letter word, and for some people, a dirty four letter word as they wish they were not in it (debt), or do their best to try and avoid it […]