John Borgars of Equity Development said that ClearDebt was cheaper than competitors which typically charge over £4,000 per case they handle. In addition to the lower charges, he added that ClearDebt sought these fees from other sources rather than an…
Continue reading the "ClearDebt offers one of the cheapest ways to clear debt with an IVA" »
The report’s authors believe it will help people avoid getting caught in a debt trap and gives advice on how to use cards without getting into debt. “It’s clear that credit card debt is one of the major factors of…
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Vincent Cable, the party’s economics spokesman, said that the four-fold increase in the amount of young bankrupts since 2001 showed a “pressing need” for financial education. “There is now a pressing need for better financial education for the young. This…
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According to John Borgars of Equity Development, IVAs are both quicker than formal bankruptcy procedures and avoid incurring large lawyers’ fees. Mr Borgars said that the introduction of IVAs combined earlier forms of informal and cheap agreements with the advantage…
Continue reading the "Advantages of IVAs shown in a new report" »
The charity said that it plans to distribute financial know-how tool kits to thousands of school pupils as part of a new scheme. John Bateman, chief executive of UK Youth, told Channel 4’s News at Noon: “20 per cent of…
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Over a third of students are doing “non-graduate work” according to the Higher Education Statistics Agency (HESA), such that they are saddled in low paid jobs with a mountain of debt from their studies. “With increasing levels of student debt…
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Symptoms of ignoring the problem – and not making the debt go away – include not opening bills, or hiding the extent of the financial crisis from family. Stephen Rose, director of the Debt Advice Bureau, said: “There is nothing…
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Britannia Building Society said that it is to contact its interest-only customers to highlight the danger of only paying the interest and not the capital on their mortgage, warning that they are creating a “potential timebomb”, the Times reports. Nick…
Continue reading the "Debt danger for interest-only mortgages" »
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