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Questions and Answers About Debt

Bankruptcy Questions and Answers

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How Much Is The Valuation Fee?
The Valuation fee covers the expense of the mortgage lender visiting your prospective property to ensure that it is worth what you are intending to pay.
Interest Rates Explained
APR is used to identify the true cost of borrowing and to provide you with a method of comparing the true costs of a loan.
Can I Get a Mortgage With A Group Of Friends?
You are allowed to get a mortgage with up to three friends in the same way that you are allowed to get a mortgage with a partner – an idea that is appealing to more young professionals at the moment.
How Do I Switch Mortgages?
Switching mortgages (remortgaging) has been made very easy by the industry, in reaction to the fact that most people remortgage their homes on a regular basis i.e. every 5 years on average.
Information For 1st Time Mortgage Buyers
Your first mortgage will be the most significant financial undertaking of your life so far, but how exactly do you go about getting a mortgage?
How long will my Bankruptcy last?
How much will I have to pay each month?
Do all my creditors have to agree to my Bankruptcy?
Will the phone calls and threatening letters from my creditors stop?
If I have am Bankrupt, can I continue to run my business?
How much will my Bankruptcy cost?
Who has to know about my Bankruptcy?
Will I have to take time off work to organise my Bankruptcy?
If I become Bankrupt will I lose my house?
Whilst I'm Bankrupt, can I apply for more credit?

IVA Questions and Answers

How long will my IVA last?
How much will I have to pay each month?
Do all my creditors have to agree to my IVA?
Do I have to go through a credit check before you will agree to organise my IVA?
Will the phone calls and threatening letters from my creditors stop?
What happens if I miss a monthly payment on my IVA?
Can you help to deal with my creditors?
If I have an IVA, can I continue to run my business?
Why would a creditor that I owe money to agree to my IVA? Will they lose money?
Will someone help me whilst my IVA is in place?
Is an IVA right for me?
How much will my IVA cost?
How much will I owe?
Who has to know about my IVA?
Will I have to take time off work to organise my IVA?
If I have an IVA, will I lose my house?
Whilst I'm on my IVA, can I apply for more credit?

Debt Management Questions and Answers

How long will my Debt Management Plan last?
What happens if my financial position changes?
Do all my creditors have to agree to my Debt Management Plan?
Do I have to go through a credit check before you will agree to organise my Debt management Plan?
Will the phone calls and threatening letters I get from my creditors stop?
Can I stop my Debt Management Plan?
How much will I owe?
Can you help to deal with my creditors?
What information will I get from my Debt Advisor as my Plan progresses?
What happens if I get paid weekly, fortnightly or four weekly?
Why would a creditor that I owe money to agree to this? Will they lose money?
Will someone help me whilst the Debt Management Plan is in place?
Is a Debt Management Plan right for me?
How much will a Debt Management Plan cost?

Trust Deeds Questions and Answers

How much will my Trust Deed cost?
How long will my Trust Deed last?
What does it mean when a Trust Deed is "Protected"?
How much will I pay each month?
Do I have to go through a credit check before you will agree to organise my Trust Deed?
Will the threatening letters and phone calls from my creditors stop?
What happens if I miss a monthly payment on my Trust Deed?
Can you help to deal with my creditors?
If I have a Trust Deed, can I still run my business?
Will someone guide me whilst my Trust Deed is in place?
How much will I owe?
Who has to know about my IVA?
If I have a Trust Deed, will I lose my house?
Whilst my Trust Deed applies, can I apply for more credit?