On many occasions I have encountered people who say that bankruptcy is the “easy way out” of debt. Some people think that bankruptcy wipes off 100% of debt, and you can be completely debt free within 12 months. Unfortunately this isn’t always the case and, therefore, bankruptcy … [Read more...]
Selling your home to repay for debts?
For some people in debt selling their home is an option to raise the funds to pay off their creditors. If you are a home owner with equity in your property this could be an option for you. . If this is a route you think would be suitable for you read our top tips for what to do:. Get together all … [Read more...]
Why do I need help with my debts?
I recently came across a thread on a forum where a debtor asked “what can I do about my debt?” The reply from a debt advisor suggested that they call a free debt advice agency such as Payplan to get free and impartial advice. To which a reply for another forum user suggested they set up a plan … [Read more...]
In a plan and taken out more credit.
I recently came across a post from a worried Payplan client on a forum, they had been in a Debt Management Plan for a couple of years with everything running smoothly until an unexpected cost came along and they found themselves having to take out credit to pay for it. Then they panicked about … [Read more...]
