Student Loan Debt Collection: What Happens When You Default

The U.S. Department of Education has exceptional powers to collect on defaulted student loans. They can intercept your tax refunds, deny a student any new loans or grants, garnish your wages without an order from a court, take a percentage of Social Security benefits, and add on huge debt collection fees.

New Guidelines Enforced by the OFT on UK’s Debt Management Practices

The Office of Fair Trading (OFT) just implemented a new set of rules on debt management plan in UK, specifically debt collection, this June. The policies are meant to protect borrowers from suspicious activities of debt management companies.

Some Aspects Why Debt Management Companies in the UK Face Close Scrutiny

Since late in 2010, debt management in UK has been under close watch by the Office of Fair Trade and other regulatory offices. Now, charity organizations providing free debt management advice are also expressing their opinion in the matter. According to the Citizens Advice, one of the most successful organizations of independent and free service providers of debt management in UK, commercial debt management companies (DMC) are abusing indebted clients with their excessive service fee charges and mediocre debt management advice.

Credit Card Debt – What to Do?

If you are an accident victim and you are waiting for your pending lawsuit to settle there is a very good chance that you have fallen behind on your credit card payments. No doubt, you became more dependent on using credit cards to make up for the lost income since you are unable to work due to the injuries you suffered in your accident. Now the day of reckoning has arrived.

How The Irish Debt Crisis Affects The Average Person

The word ‘debt’ is never far from anyone’s lips in Ireland at the moment. The headlines are dominated by the continuing Eurozone debt crisis, but what is sometimes lost in the talk of defaults and contagion is how the average person is affected by the crisis.

Why Choose Loans For People With Bad Credit

With the cost of living increasing by the day more and more people are finding themselves in bad credit situations and this can put us under great amounts of stress. The great thing about today’s financial world is that unlike years ago when if you had a bad credit rating companies would leave you to suffer and not offer a helping hand, there are now many companies offering us various financial solutions to get us back on track, and this is where loans for people with bad credit can be in your favor…

Where To Find Good Loans For People With Bad Credit

At one point in time finding a loan if you were struggling with bad credit would have been extremely hard as most companies would just look at your application and throw it in the bin, and the same can be said for applications for credit cards and other reliable financial help. If you were to look today you would have a completely different result, companies have realized that are still ways to offer people with bad credit financial help and still get their money and one of these methods available is loans for people with bad credit…

Interested In Loans For People With Bad Credit?

Loans for people with bad credit are now one of the cost common financial solutions for people suffering with a bad credit history and this is due to its advantages over other methods available and the security of repayment depending on which type of loan you choose personally. Here we will look at the types of loans available for people with bad credit and its benefits over competitors…

IVA Analysts Discuss How IVA Debt Management Clients Remain Low Regardless of Debt Increase in UK

IVA debt management is the formal debt solution that is very popular in the UK and in other countries. Debt management plans given by debt management companies-both free and commercial-are considered as informal debt solutions. These are the options that people have when they are far too deep in debt and need professional help in order to get out of their situation.

IVAs and the Taxman: The Issues

Dealing with IVAs can be a complicated process. IVAs involve an awful lot of people and companies including creditors, IVA services and HM Revenue & Customs (HMRC}. If you are a sole trader, or are self-employed, you are likely to need to deal with HMRC before IVAs get sorted. Here we explain the ins and outs of deal with both IVAs and HMRC.

Debt Management – Benefits and Drawbacks of Using Credit Cards

Using credit cards for instant payment is a very convenient method of payment in today’s world. However, there are loopholes and not everyone would fancy the idea of spending thousands from their credit cards due to high interest rates and other service charges.

Credit Card Debt Resolution

The first thing people need to understand is that there is no easy solution to credit card debt. It can be simple but not easy.