Articles related to "Cccs"



Facts About Consumer Credit Counseling Services
Traditional Consumer Credit Counseling Services (CCCS) is the plan most people seek to avoid bankruptcy, but the economy of 2008 presents new challenges.
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Charging Orders a Threat to some Debtors
Citizens Advice has highlighted the threat from some lenders to use Charging Orders to force those with unsecured judgment debts into repaying unaffordable amounts.
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Debt Relief Orders a New Form of Bankruptcy
Since April 2009, Debt Relief Orders, a new form of financial help, are available to those people with personal debts of no more than £15,000.
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Pitfalls of Personal Loans of Last Resort
For people struggling to keep pace with a deteriorating financial situation the temptation to apply for a personal loan of last resort can be irresistible.
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Free Debt Management Plans from CCCS
Credit Action, an independent UK money education charity, has said that: "UK personal debt at the end of December 2008 stood at £1,457bn, an increase of £50bn."
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Where to Find Free Debt Management Advice
People get into debt for a number of reasons. It might be due to illness or redundancy, which has subsequently led to missing payments on mortgages and credit cards.
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Advantages and Disadvantages of an IVA
Before applying for an Individual Voluntary Arrangement (IVA), people with high levels of personal debt should first consider its advantages and disadvantages.
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Credit Action Advise Increase in Personal Debt
Credit Action is a national money education charity, which works in partnership with the major debt counselling charity the Consumer Credit Counselling Service (CCCS).
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Credit Card Indebtedness in UK Continues to Grow
The International Monetary Fund (IMF) has reported that £1.5bn of outstanding European consumer debt, much of it in the UK, will not be repaid.
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Debt Advice From the Money Saving Expert
Martin Lewis is without doubt one of the UKs best known financial journalists. With a refreshing no nonsense style, his advice on debt matters is much sought after.
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Do Credit Repair Agencies Have a Useful Role
For those with a poor credit score, consulting a credit repair agency may be tempting but there is nothing the agencies can do, that they can't do themselves.
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Misleading Debt Management Advertising
In a recent statement by the UK Ministry of Justice, debt management businesses have been warned not to use misleading advertising to make dubious claims.
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Payday Loans are no Answer to Credit Crunch
An English county council has recently warned families that payday loans, which can rack up interest rates close to 10,000%, are no answer to the credit crunch.
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Spotlight on Payday and Logbook Loan Advertising
In May 2008 Credit Action a leading UK money charity warned of inappropriate and sometimes illegal payday and logbook loan advertising on some social networking sites.
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The Accountant in Bankruptcy in Scotland
Figures from the Accountant in Bankruptcy show an increase in bankruptcies in Scotland. In the first quarter of 2009 they have risen by 71% on the same period last year.
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Choosing the Right Credit Counselor is Essential
Increasing numbers of Americans, struggling with credit card debt, are faced with difficult decisions when it comes to choosing a reputable, independent debt counselor.
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Debit Cards vs. Credit Cards
A debit card is a way of managing household bills and avoiding credit card debt. Debit cards help avoid high APR debt and credit card charges, such as cash advance fees.
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Pre-Paid Credit Cards vs. Regular Credit Cards
Customers using charge cards regularly accumulate high APR serious debt. A pre-paid credit card helps a consumer to manage household bills and prevent money problems.
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Is Credit Card Debt a Necessary Evil?
Credit card debt is in part a result of rising household bills and living costs. However, it is also a high APR personal debt exacerbated by minimum monthly payments.
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Ways to Avoid and Tackle Credit Card Debt
Credit card debt worsens as personal borrowing reaches records levels. Worse still, borrowers continue to make the minimum monthly payment. What can be done?
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Government Consultation on Credit Card Practice
New government proposals have been announced (27 October, 2009) which are designed to get UK consumers a better deal from credit card and store card companies.
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Insolvency Service Highlight Debt Relief Figures
Insolvencies in England and Wales have risen to their highest level since records began nearly five decades ago, said the UK Insolvency Service.
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Credit Card Debt Help
Credit card debt help comes in the form of improved budgeting or a debt solution. There are even ways to write-off credit card debt under the Consumer Credit Act 1974.
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Advantages and Disadvantages of a Secured Loan
A secured loan is often considered when a person needs debt consolidation, a holiday or other purchase but remember the loan gives security to the lender not the borrower
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Debt Help Available in Great Britain
There are many debt help organisations in the United Kingdom providing free debt advice and debt counseling services.
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More Young Women in Debt are Made Bankrupt
Figures from the UK Insolvency Service show, for 2008, personal insolvencies in England and Wales rising to 67,428, an increase of 4.6% on the same period in 2007.
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Living With Debt Stress and Where to Find Help
Living with debt can cause depression, particularly if the debtor does not tell anyone. The first steps to finding debt help can be overwhelming and frightening.
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Contribute to the Cake Wrecks Book
Jen's blog inspires intentional wrecks at fan parties, several interviews, guest blogger spots, and an unsolicited jingle. What's next for the hit blog, but a book!
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Household Budgeting Part of Any Good Debt Advice
Total personal debt in the UK, at the end of February 2009, stood at £1,458bn but how many people considered household budgeting as a way to get out of debt?
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Using a Credit card - Pros and Cons
Does making the minimum monthly payment on credit card debt help or cause financial difficulties? Should a high APR credit card be used to pay household bills?
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A Simple Spending Plan
The first step toward financial health often involves implementing a b-b-b-b-b-budget. Does just the thought of a budget make you start shaking and feeling faint? If so, try this simple plan.
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The Truth About Debt Consolidation
Risks and Tradeoffs Involved in Debt Consolidation
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A Guide to Getting Debt Advice
Being in debt can be incredibly stressful and it can be difficult to find a way out. Debt advice UK specialists may be able to help consumers find the right solution.
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Alternatives to Doorstep Loans
Credit Unions or independent financial advice may be a viable alternative to a high interest doorstep loan for people without access to more traditional credit sources.
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Ten Simple Steps to Conquer Problem Debt
Facing a mountain of debt? By following these simple steps, you may be able to make a mole hill out of that particular mountain.
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The Dangers of Credit Card Minimum Payments
Research undertaken by Warwick University has shown that many credit card customers are almost compelled to pay only the minimum payment on their credit card bills.
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Alternatives to Bankruptcy
Consumers in financial difficulty should consider all options before declaring bankruptcy. The legal and financial consequences of bankruptcy last up to ten years.
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Are Debt Consolidation Loans a Realistic Option
During a time of crisis in their lives some people, particularly homeowners with mounting bad debt, will decide that some form of consolidation loan is the way forward.
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Debt Collection Agencies Not Helping Borrowers
Debt collection agency harassment occurs when a borrower falls behind with monthly repayments. Find out how to tackle financial difficulties and personal debt.
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Points to Consider if Lenders Refuse Credit
During the current credit crunch, banks and other lenders are taking a harder look at credit applications; consequently more consumers are now being refused credit.
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What are the Main Causes of Personal Debt?
Personal debt damages family life. Poor money management skills, gambling debt, medical expenses and getting divorced can cause long term financial difficulties.
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Top Ten Tips to Beat the Credit Crunch
It may seem all doom and gloom in the financial market, but if you maintain a healthy bank balance and reduce debt, you can safely avoid the credit crunch.
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Bankruptcy in Scotland
The bankruptcy in Scotland process, which can be instigated by either a creditor or the debtor, is administered by the Accountant in Bankruptcy.
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