A summary of what to do to tackle your debt problem

August 18, 2009

I wanted to start by giving a one page overview of what to do to tackle your debt problem. The main actions of the Information Gathering Stage and of each solution are depicted below: INFORMATION GATHERING STAGE Actions 1. Read the articles in the debtsecrets blog once through 2 Gather information, complete your statement of […]

Read the full article →

How I grew my Financial Spread Betting Account on Tradefair from 75 to 900 pounds

March 20, 2009

I started my tradefair account on the 10th of February 2009 with £75. In additon to the initial amount  I received a bonus of £75 makng an account total of £150. I made some very clueless trades at the beginning but spread betting aggresively mainly focused on the forex market particularly GBP EUR paid off; […]

Read the full article →

A warning for beginners trading forex on tradefair

February 10, 2009

Hi guys! I’ve been trying to make some money on tradefair a spreadbetting platform run by the folks at Betfair, Hammersmith, London. For all u people who think they can make easy money on the internet – tradefair are currently offering a deal where u get £75 for free! (Email me if u are interested […]

Read the full article →

Saving money on flights; Ryanair What payment method to use?

September 3, 2008

Did you know that you can save yourself a few quid on flights with Ryanair if you are willing to use a Visa Electron card?

Read the full article →

IVA secrets 7 and 8: Never pay the Insolvency Practitioner any money in advance

March 4, 2008

IVA secret 7: Never pay the Insolvency Practitioner any money in advance Insolvency Practitioners are legally obliged not to start charging you until you have actually started your IVA. Make sure you postpone any fee payment until after the creditors meeting. IVA secret 8: Get the initial meeting for free. Most Insolvency Practitioners will give […]

Read the full article →

IVA secret 6: Go directly to an Insolvency Practitioner

February 25, 2008

IVA secret 6: Once you are certain that an IVA is best for you, go directly to an Insolvency Practitioner Debt Management companies do offer a debt advice service. In addition they justify the fees on the basis that they ensure the IVA receives approval. Their argument is that you will have an advocate for […]

Read the full article →

IVA secret 5: If the majority of your debt is held by a single creditor, consult them

February 23, 2008

IVA secret 5: If most of your debt is owed to one creditor then consult them first before you try to do an IVA. As 75% (in value) of your creditors have to vote in favour of your IVA proposal there is no point in going ahead with the IVA proposal if that creditor does […]

Read the full article →

IVA secret 4: Make sure you have fully considered the “Full and Final Settlement” or “Lump Sum” IVA

December 3, 2007

Let me tell you; if you really want to do an IVA and not go bankrupt then a “Full and final settlement” IVA is better. Being in debt to a friend or family member is far better than being exposed to the stringent rules that govern a repayment IVA. In a repayment IVA you could […]

Read the full article →

IVA secret 3: Vested interests might be pushing you into an IVA

October 13, 2007

IVA secret 3: Vested interests might be pushing you into an IVA when bankruptcy is a better solution

Read the full article →

IVA Secrets; Don’t pay any “arrangement fees” for an IVA, Open a new bankaccount

October 11, 2007

IVA Secret 1 Open a new bank account before you start your IVA This advice applies to people who owe money to the bank that holds their day to day account. The bank, once they discover that you are doing an IVA, may be tempted to take your salary lodgement in your main bank account […]

Read the full article →