The banking industry has abandoned a legal fight over the PPI mis-selling The British Bankers’ Association, which fought the case, said it would not appeal after losing a court challenge against new rules on mis-selling. Barclays said it had set aside £1bn to pay compensation, and HSBC £269m, while RBS added £850m to the £200m [...]

The latest Markit Household Finance Index – an early indicator of ‘actual changes in household finances each month’ – indicates household finances are worse now than at the height of the recession in 2009, as reported by The Independent. The latest figures represent the fastest drop in household savings and disposable income since the Index [...]

What is Debt Consolidation? These days most people have more than one credit card, store cards and other loan debts (such as auto loans and medical bills) and therefore have to make multiple payments each month to various lenders. Debt consolidation is a process where a single loan is obtained to pay off all of [...]

A Company Voluntary Arrangement (CVA) is an alternative to liquidating your limited company allowing it to trade out of its financial difficulties over a specified period of time. It allows you as a director to retain control of your company and continue to trade without the burden of historical debts that can be a significant [...]

In the UK there are a variety of debt solutions available to help resolve overwhelming debt problems for people that need personal debt help. Your personal circumstances will determine which debt solution best suits your needs. When you contact us, our friendly debt experts will be given free and confidential debt advice. We will go [...]

Deciding upon the right debt solution is never easy, and you may ask yourself if an IVA is a good bankruptcy alternative or whether you should think about any alternative debt solutions. Even if your debt is unmanageable, bankruptcy does not need to be the answer as there are many long term consequences which cannot [...]

The former Scotland and Blackburn Rovers captain Colin Hendry has been discharged from his bankruptcy. The retired footballer had amassed debts of £2.1 million, which he was unable to repay. His discharge means most of his debt will be written off, according to footbo.com, a site which provides ‘a place where fans can connect and [...]

One of the most common questions from someone in debt is, “What is a default notice?”. – I hope this helps… The terms of a credit card or personal loan are regulated by the Financial Services Authority. The lender can issue a default notice when a borrower breaches the terms of the agreement. This can [...]

What is a Trust Deed? – In you are struggling to keep on top of your bills and find yourself living on a month-to-month basis, there is a fair chance that you are using payday loans or further credit in order to serve your debts. If this sounds like you – you are not alone. [...]