Don’t worry. Here’s what you can do! There are unique ways to write off some of your debt to CARS Debt Collection. Several debt-relieving solutions are available in the UK. But there is a catch: If you choose, the right debt-relieving program will aid you in writing off some of your unaffordable debt. On the other hand, Choosing the wrong program will cost you a higher expense and draw you down to the bottom. Jane Rohan Last updated on 24 May 2023 Fact Checked Table of Contents 1. CARS Debt Collection: Who Are They? 2. Understanding the Concept of CARS…
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Some may avoid paying Overdales. But rather than disregarding them, let me assist you in determining the best course of action Charlie Walsh Last updated on 26 May 2023 Fact Checked Table of Contents 1. Don’t panic if you get a notice from Overdales Solicitors; here’s what to do! 2. Who is Overdales Solicitors Legal? 3. Who is the CEO of Overdales Solicitors? 4. Who do Overdales Solicitors work for? 5. Have you received an Overdales debt letter? 6. Will I be taken to court for an Overdales debt? 7. Do I have to pay my Overdales debt? 8. Ask…
As people reach their 50s, they may encounter several financial challenges. These include inadequate retirement savings, high levels of Debt Over 50, health care costs, age discrimination in the workplace, caring for ageing parents, and divorce. These issues can be complex and daunting, but careful planning and management can help tackle them successfully. Here are some tips to address these financial challenges and Debt Over 50: Retirement savings: Saving for retirement is always possible, but the earlier you start, the better. If you haven’t saved much for retirement and are in your 50s, you may need to take more aggressive…
Gone are the days of the old-fashioned official receiver. You no longer have to worry about unannounced visits by a stern-looking public servant on the hunt for unpaid taxes or other debts. This article looks at how to beat the official receiver and what they are looking for when evaluating your financial situation. We will also explore how to protect yourself from the scrutiny of their investigations while still staying compliant with all relevant laws. Let’s dive into it! What is an Official Receiver’s Job Description? An Official Receiver is a specialist insolvency practitioner appointed by the Insolvency Service of…
An attachment of an earnings order is a culmination of events revolving around a creditor’s attempt to get back their debt. It’s one of many court orders you’ll have to deal with if a creditor is bent on collecting on debt you’ve defaulted on. Recipients of an attachment of earnings order often end up forfeiting a certain portion of their income for a certain period as per the court’s discretion or paying either the full amount or an agreed sum upfront. However, exemptions may apply. There are some circumstances where an AEO cannot be used to collect a debt. If…
An Individual Voluntary Arrangement (IVA) is a debt solution which can help someone manage their debt problem. If you are thinking of getting an IVA to consolidate your debts into affordable monthly payments, then it is important to look at how this will impact your personal as well as your financial life. Getting an IVA can prove to be beneficial for a variety of reasons, however, people are reluctant to pursue this type of debt solution, because of how it could affect their credit rating. An IVA can have a negative impact on your credit rating, however like any type…
An Individual Voluntary Arrangement (IVA) is only available to individuals in debt; however, what happens when you and your partner want to deal with your debts together? Can you apply for a joint IVA? A Joint IVA technically doesn’t exist; interlocking IVAs are similar and available. So, what are interlocking IVAs? How does the application process work if you and your partner combine your debts into one IVA? How will this affect you both in the future? Please read our guide as we explore this possibility. Want to know more about IVA? Please read all about it in our detailed…
Creditors have a right to demand payment from you if you fall into debt. A statutory demand is a written demand by a creditor to repay a debt which is owed by an individual or a business. A statutory demand is often issued after a creditor has tried on numerous occasions to try and recover the debt from you. It should be taken seriously and failure to do so could result in being served with a bankruptcy petition. So, what happens when you get a statutory demand? How long do you have to respond to a statutory demand? What action…
Depression. Anxiety. Stress. These are all words we are hearing more of recently, regarding mental health. Covid-19 and now the cost-of-living crisis has provided a catalyst for these conditions to intensify. So, what happens when mental health starts to affect your life and the way you manage money? Research shows that 50% of adults who are in debt also have mental health issues. There is a strong correlation between debt and mental health, and quite often the two feed on each other making the situation worse. What can be done to help people who are in debt and have mental…
If you are struggling with debt, Breathing Space is a free scheme, backed by the UK government to help ease the stress caused by being in debt. There are two types of Breathing Space Schemes, which include the standard Breathing Space Scheme and the Mental Health Crisis Breathing Space Scheme. In this section, you will find details on the standard breathing space scheme. For more details on the mental health crisis breathing space scheme, please refer to our section on Mental Health Crisis Breathing Space. Charlie Walsh Last updated on 22 November 2023 Fact Checked Table of Contents 1. What…