Debt Guardians’ Advice Centre
Tips and information about dealing with debts
The different kinds of debts
Some are more important that others – know your options.
Pay these debts first. Priority debts are not necessarily your largest, but non-payment has swift and severe consequences.
1st and 2nd charges and how secured loans are treating in an IVA.
Creditor can’t seize an asset and so can be more aggressive in their approach to arrears.
What to do if you can’t afford to pay and payday loan alternatives.
Missing HP payments? Your consumer rights explained
When credit is given to bet with, the debt is not enforceable in law.
Maybe. It depends on several factors, including who your local council is.
Getting cash delivered to you home is convenient. Not so the doorstep collectors.
Utility arrears. What to do if you can’t pay your bill.
No, while usually you can’t be shut off, the water company can take action to recover money owed.
Why you need a fresh bank account when entering into an IVA
Warning: Once a logbook loan is made the vehicle belongs to the logbook loan company
The HMRC issues more bankruptcy petitions than anyone else – don’t be next
What enforcement you can expect if you don’t pay and how they are viewed by insolvency legislation.
These are old debts which under certain (and sometimes complicated) conditions you the law says you need not to repay.
It’s a financial obligation and nothing to do with lending. Normal rules do not apply
The actions creditors can take to chase payment.
A polite reminder, a letter before action, a statutory notice. Which is it?
A debt collection agent at your door should not be confused with a bailiff acting in an official capacity.
It’s a formal notification that a contractual payment has been missed you are in arrears.
Not a statutory notification, but it is a generally expected before legal action can be taken.
If you get a judgment, this means that the court has formally decided that you owe the money.
Danger: A charging order turns an unsecured debt into a debt secured against your home.
Creditors can apply for a court order to question you under oath about your financial situation
Scare tactic or a threat of bankruptcy? Ignore at your peril as you may be made bankrupt.
Money can be taken directly from benefits for certain types of debts and payments.
An Attachment Of Earnings Order tells your employer to pay some of your wages to the Court.
A creditor wants to get to your money before you do.
Learn how bailiffs must conduct themselves and which of your items which they can’t take.
Credit Rating and Credit Reports
Dispel the myths – learn the facts
How can I see mind – and why do I have more than one?
10 ways to maximise your credit score
How to read and understand the information in your credit report.
Incorrect data on your credit report? Correct data you want to comment on? Do something about it.
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IVA Info and Guides
Learn all about IVAs with our informative guides
Benefits and considerations to be taken into account before deciding upon an IVA.
The circumstances and financial situation that contribute to a successful IVA proposal
Learn which debts are treated as expenditure item and which are included as a creditor.
See if you can save £1000s with an IVA rather than taking out another loan
Combine personal & business debts into an IVA. Avoid bankruptcy and keep trading.
The difference between debts as expenditure items and included debts in an IVA explained
A look at differences between a debt management plan and an IVA?
How guarantor loans are treating in an IVA if you are the borrower or the guarantor.
The benefits and considerations for homeowners considering an IVA
An IVA and bankruptcy are both forms of insolvency but they work very differently.
We’ve helped all sorts of people find a way out of their debt problems.
If you have joint debt and include it in your IVA, the other person is still be responsible for making payments towards it.
This is your detailed IVA application – put together by us
Before committing to an IVA we get as much information as possible so we are sure it’s right for you.
The MOC process is totally electronic and does not involve any actual meeting.
Information for people considering an IVA we required to signpost.
An explanation of the Fees and Costs associated with Individual Voluntary Arrangements.