Bubble Burst

A debt consolidation loan is a secured or unsecured loan taken out to pay off other smaller debts.  This makes it easier to manage debts as you are only paying one payment each month to one company, instead of several, often to different companies.  It can also reduce monthly payments, especially if the debt is […]

Bankruptcy is a formal insolvency route for individuals with serious debts that they cannot pay, especially if debts are particularly high (above £15,000) and / or income is low. Like an IVA (Individual Voluntary Arrangement), bankruptcy is a form of insolvency – it’s a legal process that will share out any assets you may have […]