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StepChange Debt Charity to Become Sexy New Name for Consumer Credit Counselling Service UK

According to news reports, CCCS of the UK, which is not affiliated with CCCS in the U.S. has decided to change their name from Consumer Credit Counselling Service to StepChange. This trademark for StepChange was filed by Foundation for Credit Counselling. On 1 June 2012 this trademark application was filed and on 17 August 2012 … Read more

Banks in the UK Force The Sale of Homes Over Credit Card Debts

Banks and credit card companies are exploiting obscure legal powers to seize the homes of thousands of people who cannot pay their credit card bills. In some cases, people owing as little as £1,000 have been served with charging orders – the legal instrument enabling a creditor to order the sale of a property. The … Read more

Most Debt Advice Suggested is Snake Oil or the Wrong Solution For People In Trouble. Here’s Why.

I’ve been following the conversations on Twitter (@GetOutOfDebtGuy) and watching what others are saying about debt management, credit counseling, debt settlement and bankruptcy and it really has me worried and concerned. I’m a guy that lived through financial problems myself and went bankrupt in 1990. I then went on to found and run a non-profit … Read more

Debt Relief Orders Let Consumers Go Bankrupt Through Credit Counselors

An interesting new development in the UK is the formalization of a new tool, the Debt Relief Order, to let consumers eliminate their debts under the power of bankruptcy but without all the hassle or cost. For debtors that have less than £15,000 of unsecured debt and no assets, they can go to a credit … Read more