If you’re struggling with multiple debts, you may be able to consolidate them into a single convenient and affordable payment. You can do that by taking out a debt consolidation loan. Debt consolidation loans have helped many UK-based borrowers deal with debt issues and regain control of their finances. While debt consolidation loans work for some borrowers, they can be wildly expensive and time-consuming for others. Whether or not debt consolidation loans work for you depends on various factors such as your financial circumstances, your credit history and the total amount you owe. Debt consolidation is a long-term debt solution;…
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Struggling with high debts? If you owe £6,000 or more to your creditors and have been lagging on your repayment schedule, an IVA might be the right formal debt solution for you. But how do you know if IVA would work for you? To make an informed decision about your financial situation, you must develop a basic understanding of IVAs – and then explore your options with a debt expert or an insolvency practitioner. Read our comprehensive guide to IVAs to find out what an IVA is, how it works and whether it’s the best insolvency option for you. What…
It’s Mental Health Awareness Week and this year’s theme is stress. According to research, more than three in four Brits feel overwhelmed by stress, especially because of their financial situation with many considering an debt solution. A study conducted by Metro’s Mentally Yours podcast and Toluna surveyed 1,000 UK residents ranging in age, income, and location. Stressed about money They found that the majority of UK residents (77%) are stressed about money, with 17% describing themselves as “very stressed” about their finances. On top of this, 14% said they worry about money every single day, while 12% worry about money two or three times a week.…
Dealing with Creation Finance may seem daunting. But it’s vital to remember not everyone is required to make a payment. Yet, brushing them aside could lead to escalated enforcement actions, which could further complicate matters. Well, I’m here to guide you through your options… Let’s delve into what awaits you. Yusuf Khan Last updated on 22 June 2023 Fact Checked Table of Contents 1. Who is Creation Finance ? 2. Why is Creation Finance’s Debt Collection Department Reaching Out ? 3. Identify if the Outstanding Debt Belongs to You 4. Is it Necessary to Pay Off This Debt ? 5.…