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Our Blog

Creditfix Glasgow Insolvency Practitioner

Tuesday 20th of August 2019

CreditFix Glasgow Insolvency Practitioner Have you found that things have been getting on top of you recently? Have your bills been mounting up as a consequence? Have your debts got to the point where they have spiraled out of control and you just can’t make the payments no matter what you try? Don’t worry, you’re not alone. There are a variety of reasons for not being able to manage your credit repayments, a lot of which may not be your fault. With the rising cost of goods and services and wages failing to keep up with them, people are finding it harder than ever to just pay for their essential bills.

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VAT Arrears IVA Help

Tuesday 15th of January 2019

VAT Arrears IVA Help There are thousands of businesses across the UK specialising in all sorts of services.

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Self Employed IVA

Thursday 10th of January 2019

Self Employed IVA An individual voluntary arrangement (IVA) is a formal agreement which creates affordable payments to manage your debts over a set period usually of 5-6 years and at the end of an IVA, any unsecured debts left over are written off.

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HMRC Debts Written Off

Monday 14th of January 2019

HMRC Debts Written Off HM Revenue and Customs (HMRC) debts are ones that fall into debts relating to Income Tax, National Insurance or VAT arrears.

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Council Tax Debt Written Off

Tuesday 11th of December 2018

Council Tax Debt Written Off If you’re lucky enough to be a home owner in the UK, then you’ll no doubt know that you’re required to pay council tax – which is calculated based on the value of your home, along with the number of people that occupy it.

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A Quick Guide to Reclaiming Mis Sold Payday Loan Charges

Tuesday 11th of September 2018

A Quick Guide to Reclaiming Mis Sold Payday Loan Charges The recent news about payday lender Wonga going into administration has highlighted quite how significant the problem of mis sold payday loans has really been. Wonga’s financial problems have occurred because of millions of pounds in refunded loan charges and compensation pay-outs to hundreds of thousands of customers.

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Do I need to pay Wonga?

Tuesday 4th of September 2018

Do I need to pay Wonga? It’s all over the news that payday lender Wonga has closed the doors on its struggling business and has been forced to call in the administrators — it’s not too big a surprise however, as they aren’t the first payday lender to fall into crisis. The reason for this household brand to take the decision to throw in the towel, and for all those others that fell before them, was from falling into a financial mire from soaring costs after rulings in 2014 by the Financial Conduct Authority ordering them to pay compensation to vast numbers of customers after breaking rules laid out by the code of irresponsible lending. Wonga has part-blamed their collapse on the mass of legacy claims made against them.

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IVA Prepaid Bank Accounts

Wednesday 22nd of August 2018

IVA Friendly Bank Account When you start the process of an IVA, you might need to think about changing your bank account.

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Swift Debt Help Insolvency Practitioners

Monday 30th of July 2018

Swift Debt Help Insolvency Practitioners Spiraling debts and being unable to pay for them is becoming more and more common in the UK.

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Aperture IVA Insolvency Practitioner

Monday 30th of July 2018

Aperture IVA Insolvency Practitioner Have you found that your bills are getting on top of you recently? Do your debts outweigh your income? Has the situation led to sleepless nights and you find that you can’t switch off from your money problems no matter what you do? If this sounds all too familiar, it’s because there are more and more people in the same predicament.

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*Up to 85% of debt can be written off in some individual cases. Depending on your own situation, the amount which can be written off will vary from person to person. Realistic levels of debt to be written off are between 20% and 85%, however this depends on your current credit policy, income and personal assets.

Your information will be passed to a third party organisation working on a model of none advice. These advisors will be able to talk through all your debt options including IVA (Individual Voluntary Arrangement) opportunities with people within England, Wales and Northern Ireland. Help can only be offered following a thorough fact-finding process. When an individual meets the required criteria for an IVA, advice can then be provided. You can view our privacy policy and also terms and conditions.

*An Individual Voluntary Arrangement (‘IVA’) is subject to the customer meeting qualifying criteria and gaining creditor acceptance. Monthly IVA payments include fees and may differ to the example provided, based on the assessment made of your own personal circumstances – these fees will be clearly explained to you in writing by your IVA company. Debt write off amounts are subject to creditor acceptance and vary by individual customer based on their own financial circumstances, and are applied upon successful IVA completion. Substantiation example, Someone owes £60,000, they pay £100 over 60 months which equals £6000, write off amount would be £54,000 which is 90% of total debt level.

Your information will be provided to organisations who will go through your circumstances and tell you about possible debt solutions including IVA's. Help can only be offered following a thorough fact finding service.

There is free debt advice available through the Money Advice Services and they can be contacted on 0800 138 7777.