If you’re struggling to pay the bills, are being chased by creditors who are threatening to take court action, or who have already lodged proceedings against you, you may feel as though you have nowhere to turn. Debt problems can have a crippling effect on family relationships, health and on your ability to think clearly so it is vital if you are experiencing money worries to seek help as quickly as possible.

Debt Consolidation

Although debt consolidation will not wipe out any of your existing debt, but may in fact increase it, it is very important that you take a sensible and self-disciplined approach to it. If, for example, you take out a loan secured against your home in order to pay off existing loans and credit cards, it is vital that you do not then increase your level of debts by borrowing on those old lines of credit that you intended to pay off in the first place. If you do not trust yourself to do this, cancel your credit cards once you have paid them off.

Here are some questions to ask yourself that may help you decide whether a debt consolidation loan is the right solution for you:

(Not always necessary, but the higher your credit score the lower your interest rate.)

If you have answered yes to all the above questions, a home owner loan to consolidate your debts may be the right solution for you.

Individual Voluntary Arrangement

(You can be abroad and still obtain an IVA.)

(Some IVA companies set a minimum of £15 – 20,000 in debts, because of the fees they charge to creditors. However, it is not impossible for people in exceptional circumstances who owe £10,000 to obtain an IVA.)

If the answer to each of these questions is yes, an Individual Voluntary Arrangement may be right for you.

If the answer to each of these questions is ‘yes’ then you may be able to petition for your own bankruptcy. It is common for people who are considering bankruptcy not to be able to afford the fees. Although there are no waivers, it is worth speaking to your local Citizens Advice Bureau to find out whether there are any local schemes to help people with bankruptcy fees. Questionnaire: How Should I Get My Money Back?
I wrote 2 cheques out for goods as part of the gentlemen aggreement on taking over a business. I 've had the business now for three years and also bought all the goods and the van for the business. Then after finding out recently that the man was still running the business, which he i had bought of him. He was suppose to give me the contact for the boots this year as he told me he was retiring at 72 and now he is 72. The cheques was stopped as he did not meet his part of the gentleman agreement. And his son is now selling the same goods as me and running the business under his name. He has also send me a invoice with the county court for more money again. For goods I have now received. And I have asked him is this full and final payment. I know I do not own him anything else. What can I do ??
Lo - 5-Mar-14 @ 11:41 AM
I paid Ecclispse Real Estate Limited £525.00 for a property I wanted to rent but went to another tenant. I made a claim for a refund of £525.00, The claim came back saying that there is no one in this name. I have accont number and name of person who took this money can I still get my money back?
[null, {"document_url": "http://www.aboutsmallclaims.co.uk/questionnaire-debt-facing-ccjs.html", "unformatted_src": "images/14476.jpg", "src": "https://www.aboutsmallclaims.co.uk/images/14476.jpg", "alt_text": "Debt Ccj Arrears Bailiff Loan Creditors", "rendered_width": 200, "rendered_height": 200}, null, {"document_url": "http://www.aboutsmallclaims.co.uk/questionnaire-debt-facing-ccjs.html", "unformatted_src": "/images/110x80/12331.jpg", "src": "https://www.aboutsmallclaims.co.uk/images/110x80/12331.jpg"}, null, {"document_url": "http://www.aboutsmallclaims.co.uk/questionnaire-debt-facing-ccjs.html", "unformatted_src": "captchas/20.png", "src": "https://www.aboutsmallclaims.co.uk/captchas/20.png"}, null]