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What Happens in Bankruptcy?

What Happens in Bankruptcy?

Unfortunately I have personal experience of bankruptcy, so you’re hearing it from the “horses mouth”. Sometimes bankruptcy is the best option and it certainly was for me. Unemployed, no money and nothing anyone could take off me. Actually I generally wish there was something more I could have done, but the situation was what it was. I was bankrupt. What I didn’t want is someone feeling sorry for me, I certainly wasn’t. I needed advice. The honest kind that hurt and was a struggle to listen to without grimacing. I found this advice in a family member who confirmed what […]

Trust Deed vs IVA

Trust Deed vs IVA

Two of the most popular solutions to resolve debts are the Trust Deed and the IVA. There are specific differences between the Trust Deed vs IVA and it’s vital to know the positives and negatives of each debt solution because it does matter if you’re in debt. The Trust Deed is a Scottish only debt solution. The IVA is for people living in the rest of the UK (England, Wales and Northern Ireland). The Rise of Trust Deeds & IVAs The insolvency solutions – a Trust Deed or IVA – have become popular throughout the UK in the past 10 […]

Cheap Supermarket Shopping

Cheap Supermarket Shopping

Price isn’t everything in life, the cheapest isn’t always the best and we should always seek to find value. It’s for this reason that I had pre-defined ideas on specific supermarkets. The large chains were always “the safest”, I mean, they are everywhere so they must be the best, right? I typically shop at Tesco or Asda because they are the biggest and best. I would drive past a Lidl or Aldi en route and never give it a second glance. These supermarkets could only every be filled with disappointment – mainly through poor customer service and quality – so […]

How Can I Improve My Credit Rating

How Can I Improve My Credit Rating

  We pride ourselves on our glowing credit rating, don’t we? That number which determines whether we can obtain credit for everything from a credit card, through to a washing machine or car on finance. To most people, our credit rating is vitally important to how they live their life. So it’s important to know how you can improve your credit rating if necessary. From the rate at which we borrow money on our mortgage through to being able to buy products now and pay later, the credit score does in fact make a difference. Without a good credit score […]

Welcome

Debt Advice Resource is an independent, impartial and completely free resource for people in debt. We don’t make money from advertising or affiliate links. We simply aim to share our findings, musing and questions we have about the debt and finance industry. We don’t have all the answers but together we may be able to pose some interesting questions, while at the same time, guiding people currently struggling with debt to appropriate debt charities like the Citizens Advice Bureau. The main problem is people don’t know where to start when they are in debt. Often people don’t share their fears […]