IVAs can be a more flexible solution to money problems, and can be a lot less daunting than bankruptcy. Bankrupt people still face the stigma of going through courts; they have their names in the paper and will forever be excluded from certain types of work. But with an IVA, although not a light choice [...]
I don’t lie about debt to my partner. I think that one of the main things about an honest relationship is transparency, and it is an important feature to maintain a healthy relationship. I have seen in the past, with firsthand experience, how debt can affect families. My Dad suffered greatly with debt when he [...]
Something I frequently read is that an IVA is more flexible than bankruptcy. An IVA will certainly give you a degree of control over what happens in the event of serious financial difficulty. When compared to Bankruptcy, there isn’t anywhere near the same level of intrusion into your life and financial history. You provide your [...]
Credit cards are a tricky subject. I don’t want to encourage anyone to spend dangerously on their credit cards or to spend above their means, but I also think it’s good to discuss how to use a credit card in a smart way to actually help control your finances. First of all avoid the worst [...]
It is so easy to get into debt, but not as easy to get out of it. The best solution is of course never getting into debt in the first place. Here’s my advice on how to scrape those pennies together if money’s a bit tight to avoid the debt cycle. The first thing you [...]
At MoneyStand, we frequently talk about debt solutions to offer some advice to anyone landing on the blog looking for some support and advice. Judging by UK debt news, theres been some increases in the amount of people getting IVAs, so this week I’m going to talk about Individual Voluntary Arrangements. An Individual Voluntary Arrangement, [...]
Here’s an interesting thought that a friend of mine got into my head over the weekend: Can you use a credit card to actually make some money? From my experience, by owning a credit card you are probably going to spend more money then you would have usually spent, just because it is all too [...]
Bankruptcy is a very difficult decision, but there are a few alternatives to the procedure. Firstly, an IVA (Individual Voluntary Arrangement) is an option. This is where you arrange an agreement with your creditor in which they decide to pay all or part of your owings. This is flexible according to the individuals own circumstances. [...]
It’s time for some more debt tips! If you’re at the stage when you know you have to face up to your debt but still find the idea a bit daunting, here’s my FIVE most important Steps: Step One: There has to be a lightening strike when you are honest with yourself as to exactly [...]
Home improvement loans do tend to have many advantages and disadvantages. Of course it really depends on what you plan to use the loan on in order to assess whether they are a good way of adding value to your home. Home improvement television programmes often show how a new kitchen or bathroom can increase [...]
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