Judgements

Judgements with an applicable 8% interest rate, is that a RIP off rate? When a creditor fails to get paid by a debtor, he has two choices. Write it off or obtain a Judgement against the debtor. Statistically many judgements are granted because a debtor fails to enter...
Question: What is my DSA Allowance?

Question: What is my DSA Allowance?

This is an interesting question that I was asked during the week. And for clarification, I take the question to mean, how much will I be allowed to live on, to cover normal day to day expenses, while I make payments under a Debt Settlement Arrangement. It all depends...
New Company Legislation

New Company Legislation

Will this piece of new legislation provide any benefits to those for whom it concerns? In a word, ‘YES’. Like all legislation, it is not easy to read and for most people more difficult to understand than it should be, but then it is legal language. I attended a...
Think about your Outgoings!

Think about your Outgoings!

One of the major steps that we take when speaking to new clients, is discussing how much of the monthly expenses is truly necessary. How much money are you spending on things you really don’t need? How often do you watch the programmes on your expensive Sky TV...
Non-Cooperating Borrowers

Non-Cooperating Borrowers

Excerpt taken from the Code of Conduct on Mortgage Arrears from 2013:   A borrower can only be considered as not co-operating with the lender when:   1. any of the following apply to his/her particular case: a) the borrower fails to make a full and honest disclosure...

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