Top 5 Debt Management Tips To Try

In the present financial crisis, it is quite difficult to manage all the expenses with your regular income. While getting loans from the bank is a lengthy and complicated process, people prefer to arrange the money through the different finance alternatives like cash advance, payday credits etc. Contact us today to find out the top … Read more

Positive Trends Regarding Credit Cards And Debt Management

The British Banking Association reports that credit card repayments are exceeding new spending on these cards. However, the total amount that UK residents owe is still increasing due to the interest on existing balances. Despite their associated interest rates, the total amount owed for personal loans has decreased to approximately 50 percent of what it … Read more

How Debt Management Plans Handle Overtime Pay

When people establish debt management plans, they agree to make a certain monthly payment to the plan administrator, which is then divided amongst creditors. The payment is based on factors including income and regular household expenses. But, what if income varies due to overtime pay? A person with a debt management plan in place may … Read more

Fees Involved With A Debt Management Plan

Many UK residents take advantage of the debt relief provided by a debt management plan. They use this tool to renegotiate repayments for debt, providing themselves with more time to repay the money that they owe. With the help of a debt management plan provider, they get themselves back on track financially in a short … Read more

Using Credit Cards After Completing Debt Management Plans

Once people have completed their debt management plans, they want life to get back to normal. This includes making purchases with credit cards. People realize that credit card use can help improve their credit ratings. Research shows that responsible use of a credit card following completion of a debt management plan can play a major … Read more

Impact Of Pension Auto-Enrollment On Debt Management Plans

There is major concern about the future of the UK pension program and the government has taken action. According to new regulations, employers will auto-enrol many UK residents in pension schemes. By October 2014, approximately ten million people will find pension contributions automatically deducted from their salary. If you have started a new job or … Read more

How The Data Protection Act Relates To Debt Management Plans

When they find themselves with unmanageable debt, many UK residents get advice and assistance from a professional experienced with managing consumer debt. Free assistance is available from various UK agencies including Consumer Credit Counselling Service, commonly called CCCS, and the National Debtline. Debt management companies (DMCs) also help consumers in debt and may recommend a … Read more

Top reasons to consider a debt management plan

People who are finding it difficult to cope with their debt payments can opt for a debt management plan (DMP). Only unsecured debts can be tackled through a DMP. The top reasons when to consider a debt management plan are usually when circumstances change or the economy. Redundancy, ill health, separation from a partner, a … Read more

Obtaining A Mortgage After Having A Debt Management Plan

Making revised repayment arrangements with creditors as part of a debt management plan helps many consumers get out of debt. A third-party debt management company manages the plan, accepting the single debt payment issued by the debtor each month and dividing the money amongst the creditors. The plan represents a promise to fully repay debts … Read more

Beware Of No-Paperwork Debt Management Plan Providers

A debt management plan is used to handle a small to moderate amount of debt. UK consumers who are interested in this often wonder what types of documentation and paperwork are required. They want to have everything on hand so the plan can be set up as soon as possible. Different debt management companies have … Read more

Handling Debts To Increase Retirement Savings

The importance of saving for retirement is stressed to us from an early age. We hear horror stories of retirees who must return to the workforce because they do not have enough money to survive. Other elderly people sacrifice to the point of not eating or turning on their heat, which has health consequences as … Read more

Defining Disposable Income For Debt Management Plans

Many UK residents use a debt management plan to get themselves out of debt. They retain a company skilled in operating these plans that negotiate and manages a fixed monthly payment for qualifying debts. This payment is based on the amount the debtor can afford to pay. A single payment serves as the monthly submission … Read more

Changing Reasons For Using Debt Management Plans

During the past few years, a large number of UK residents have turned to a debt management plan, or DMP, to help manage their debt. The many years of affordable credit that encouraged overspending finally came to an end. People found themselves in debt with no immediate way to repay it. A DMP was the … Read more