BeatMyDebt.com

Beat Debt Using Some Simple Money Management Techniques

With inflation and the cost of living on the increase, family budgets have never been tighter. Taking the time to manage your money using some simple techniques can keep your finances under control and prevent debts getting out of hand. Understand your... Read >

If I Separate From My Partner, Am I Responsible For Their Debt?

Separation or divorce from a partner or spouse is an extremely traumatic experience. But if debts are involved the process of how these are dealt with needs to be understood. As a general rule, a person cannot become liable for debts taken out by anoth... Read >

If I Declare Bankruptcy, What Happens to My Joint Debts?

As the stigma surrounding bankruptcy reduces more and more people are choosing this solution to deal with a debt problem. However this process will not protect their spouse or partner who will be left with responsibility for 100% of any joint balances. ... Read >

Will Interest Charges Be Stopped If I Do a Debt Management Plan?

Debt management plans are used by thousands every month to tackle personal debt problems. But beware, if interest and late payment charges are not stopped, your balances could continue to increase every month. The first priority if you find yourself st... Read >

Will My Parent's House Be Blacklisted If I Do Debt Management Or an IVA?

Are you considering a debt solution but are worried about the effect it will have if you live at home or in a property belonging to your partner? We look at whether this action will have a negative effect on the property or not. If you are struggling... Read >

What Happens to My Credit Rating If I Do an IVA Or DMP?

Using an individual voluntary arrangement or debt management plan could be the best way to resolve your personal debt problem but be aware of how your credit rating will be affected. Your credit rating is the way that banks measure whether or not they ... Read >

How Long Will it Take to Pay My Debt Using a Debt Management Plan?

A debt management plan can be a very effective way of dealing with a personal debt problem. However, beware that the debt repayment period will be significantly increased and your debts could therefore remain payable for many years. One of the key step... Read >

Can I Go Bankrupt If I Am in an IVA?

If you have started an individual voluntary arrangement (IVA) but are unable to maintain the agreed payments, bankruptcy could be an option to resolve your debt problem once and for all. An individual voluntary arrangement (IVA) is a legally binding ag... Read >

What Happens If My Circumstances Change While in a Debt Management Plan?

If your circumstances change while you are in a debt management plan, you can increase or decrease your monthly payments accordingly. However, reducing your monthly payments will significantly extend your debt repayment period. A debt management plan (... Read >

House Prices - Will They Rise Or Fall in the Coming Months?

People in the UK like to own their own property. There are many reasons for this but one thing is clear, everyone is interested in the value of property. Since the height of the property boom in November 2007, property values across the country have falle... Read >

Can I Leave My House and Then Declare Bankruptcy?

When a home owner finds that they are no longer able to maintain their mortgage payments they may have to hand back the keys to the property and move out. Bankruptcy is then the easiest option to write off outstanding debts and start again debt free. Afte... Read >

How to Declare Bankruptcy - Top Tips

More and more people in the UK are finding that the best way to resolve their debt problems is to declare bankruptcy. Perhaps this is because the process is not as daunting as many might think. With the number of bankruptcies up 15% in the second quart... Read >

Should You Stick With a Debt Management Plan Or Change to IVA?

Each year, hundreds of thousands of people use informal debt management plans to try and resolve their debt problems. However, with these plans often lasting for many years, would debtors be better off considering an IVA or even bankruptcy? Unofficial ... Read >

Debts Mean I Am Struggling to Pay the Mortgage - Will Debt Management Help?

If you are falling behind on your mortgage because money is being swallowed up by other debts, you need to reprioritise your payments or risk losing your home. Homeowners with unsecured debt problems can often find that they get into arrears on their m... Read >

Can a Lump Sum Be Used to Settle an IVA?

An IVA will normally involve making payments towards your debt for five years and include regular reviews of your income. If you have a lump sum, you could settle immediately with nothing more to pay. An Individual Voluntary Arrangement (IVA) is a solu... Read >