Guides Archive - 04/2009

As the global auto industry is in turmoil, now may be the perfect time to snap up a great car loan rate on a new or used car. News is spreading of a massive downturn in sales, and car dealers are desperate to move the cars off the plot.… read more

Regardless of how careful you are with money, a change of circumstances can easily affect your financial situation. When you are experiencing debt difficulties it can be difficult to know youre your options are and who to turn to for advice. Dont despair. Moneyextra is here to help; we provide our customers with confidential, no obligation debt advice. If you are looking for debt advice we can help you.… read more

The first step to sorting out your debt problems is to recognise that you have a debt problem. This is very often the first hurdle and one most people struggle with.… read more

Consolidation means to merge into one and debt consolidation is a way of merging all of your debts into one payment.… read more

A debt management plan or debt management programme as it is sometimes referred to, is a form of debt consolidation. It is basically a way of consolidating your outgoings into one lower monthly payment without taking out a cash loan.… read more

The term IVA stands for Individual Voluntary Arrangement. IVAs are available in England and Wales and can stop creditors from starting bankruptcy proceedings and potentially write-off a proportion of your overall debt.… read more

A Trust Deed is a legally binding voluntary arrangement to allow consumers to write-off a proportion of their debt and avoid bankruptcy. A Trust Deed is only available in Scotland and is regulated under The Bankruptcy Scotland Act 1985.… read more

Bankruptcy occurs when your liabilities are greater than your assets; basically when you cannot pay your debts as and when they fall due. There are three ways to be made bankrupt.… read more

The trouble with debt is that you can find yourself bogged down with the day to day business of managing your repayments and dont have time to find the right solution.… read more