When an individual or a company faces insolvency or bankruptcy, they may be tempted to transfer their assets at a value lower than their actual worth to prevent their creditors from seizing them. These transactions at an undervalue can be … Continue reading →
A full and final settlement, in the context of debt settlement, refers to a negotiated agreement between a debtor and a creditor to pay off a debt for less than the full amount owed. Essentially, the debtor offers a lump … Continue reading →
How to Achieve Full and Final Settlements on Your Debts Remember, it’s always best to pay off your debts in full and on time to avoid any negative impact on your credit score. However, if you are unable to pay … Continue reading →
When a person owns a property with equity, they have a valuable asset that can be used to secure loans and other types of debt. However, this can also create challenges when it comes to debt collection, as debt collection … Continue reading →
Many people seeking debt solutions worry about their debt becoming public knowledge, making privacy an important consideration when deciding how to manage their finances. The question of whether an Individual Voluntary Arrangement (IVA) is private or public is an important … Continue reading →
What Should I Look for in an IVA Agreement If you have ever wanted to know some of the stuff that goes on in the background with regards to an Individual Voluntary Arrangement (IVA), then this document is worth having … Continue reading →
Pros and Cons of an IVA An IVA, or Individual Voluntary Arrangement, is a legally binding agreement between an individual and their creditors to pay off debts over a set period of time. Here are some advantages and disadvantages of … Continue reading →
My Full and Final Settlement Offer Has Been Rejected Do not despair, a full and final settlement can be a rather slow process. In many cases a creditor or a debt collection agency (DCA) may want to hold out for … Continue reading →
Individual Voluntary Arrangement (IVA) Failures or Terminations OK, I will admit that I am not an expert on statistics, but it would seem to me that in the graph shown below, the IVA failure rate is rather high. I would … Continue reading →
Consider Solving You Debt Problem with a 2 Step Approach The biggest problem with debt is the constant calls and letter from creditors, which forces you into making a hasty and possibly financially dangerous decision of choosing the wrong debt … Continue reading →
How to Achieve a Substantial Full and Final Settlement There are a number of things that you need to consider when trying to achieve a large discount in a Full and Final Settlement. In simple terms, the dirtier a debt … Continue reading →
I was idly reading through my Wessex Water bill, when I spotted the following sentence, Can I save money on my bill with a soakaway? Of course I am always looking for information to pass on, so that you can … Continue reading →
Full and Final Settlement Achieved with Barclaycard Below you will see the letter received from Barclaycard where they are accepting a payment £1,400 of as a full and final settlement for a debt of £3,180. Yet another example of how … Continue reading →
Here is another example of a full and final settlement that has been achieved. In this particular case this is an old Lloyds Banking Group debt that was eventually sold on to CapQuest. The outstanding balance of £9,159 was settled … Continue reading →
Can an Eviction Be Stopped The short answer is yes, on this site there are a number of examples where evictions have been stopped. Being in debt can put you under so much pressure, you just want to hide and … Continue reading →
