“Dear Jon, My husband and I were in debt (lots of reasons ie becoming parents relocating from large city etc…) so we were finally at our wits end and decided IVA was for us as Rich (husband) is a police officer so bankruptcy was not an option if he wanted to keep his job. We …
“Dear Steve, English citizen with Hong kong perm residency. Lost job in Aug 2009 in Hong Kong, suffered from severe depression, went back to my parents in the UK, claiming jobseekers allowance since nov 2009, remained unemployed now. When leaving HK, I just left and left credit card bill unpaid. With interest, to date, I …
The Office of Fair Trading (OFT) in the UK has just released a report warning 129 debt management companies they risk losing their license to operate. The OFT in the UK serves a similar function as the FTC in the U.S. In the UK debt management companies can operate as for-profit companies and fees may …
Charlie “Dear Steve, I had an IVA for 2 years -now failed due to I cannot afford the repayment in the first place anyway, my income was manipulated by my supervisor so that I can get through the IVA petition. Manage to keep it going for 2 years by borrowinf from pot a to pay …
Dean “Dear Steve, I have 2 credit cards and 2 loans totalling almost £52000, i am struggling to make my monthly repayments as the interest is crippling, one of my credit cards has recently been handed to a debt recovery agency which has helped a little as the interest on that has now been abolished. …
Last week I wrote an article Banks Agree to Wipe Out Up to 40 Percent of Credit Card Debt But Watch Out but more information has come to light since then. While consumer advocates are happy about the possibility of getting banks to write off as much as 40% of the debt in order to …
Credit card lenders include Discover Financial Services LLC, Bank of America Corp., Citigroup Inc., JPMorgan Chase & Co., Capital One Financial Corp., American Express Co. and HSBC Holdings have finally come together with the help of the National Foundation for Credit Counseling, Consumer Federation of America and the Financial Service Roundtable to start the process …
