Debts in the News
822 pensioners each day enter into poverty
The number of pensioners living below the poverty line in the UK has rises to 2.5 million in June 2008, the first increase since 1998. [more...]

Mortgage Lending Down 19% as Cost of Mortgages Rises.
Mortgage lending remained slow in May 2008 with total lending down 19% over the year, says they from the Council of Mortgage Lenders (CML). Tightened lending criteria and falling confidence in the housing market contributed to a £5bn fall in the value of mortgages advanced - from £31.5bn in May 2007 to £26.5bn last month. The CML said the Bank of England's data on mortgage approvals for hous [more...]

An Ethical Current Account

A viewer of BBC2's Working Lunch TV programme asked if any UK bank offers an ethical current account. The answer was yes, but presently only one bank provides such a service. [more...]

Beware of Loan Applications on Finance Comparison Sites
The temptation on a Money Comparison website is to always apply for the lowest APR loans. However if you don't have a very good credit history, this could make it worse. [more...]

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Free IVA Debt Help

An IVA is legal process for those with unaffordable unsecured debts over £15,000.

IVAs are formal agreements between you and your creditors whereby you repay what you can afford, usually over 5 years. After which, the outstanding debt is written off. An IVA can achieve all of the following:-

  • An IVA Enables up to 70% of debt to be written off.
    You payback what is affordable after taking into account your personal situation.
  • An IVA Shortens repayment period.
    In 60 months you will be debt free, Guaranteed. This is dependant on approval of 75% (by value of the debt) of your creditors, and provided you maintain the payment schedule.
  • An IVA Stops interest and charges.
    Your debts will not increase and interest will be frozen.
  • An IVA Stops creditor harassment
    Stops creditors and debt collectors from chasing you.
  • An IVA Stop court action.
    An IVA can stop bankruptcy proceedings and bailiffs.

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Free Debt Management Help

Debt Management can reduce your monthly repayments by up to 70%. All existing credit cards, loans and other problem debts are consolidated into one lower monthly payment.

Abacus are one the UK's leading Debt Management Companies.

Benefits of debt management:-

  • Affordable Payments
    Payment levels are based on what you can afford, not how much you owe. If you can afford to pay £100 per month towards your debts the a debt management company can help you.
  • One Monthly Payment.
    Less hassle for you. You make one affordable payment to us and we make payments to your creditors.
  • We deal with your creditors.
    Getting fan mail and phone calls from your creditors and debt collection agencies? Forward and refers these to us - we'll deal with it.
  • Flexibility.
    If your financial situation changes - you may lower or raise your debt management plan payments accordingly.
  • No more late payment charges.
    You payments will now be made on time. We may be able to arrange to have future interest charges lowered - or even frozen.

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Unsecured Debt Consolidation Loans

Refused a Loan? We can help you find a secured or unsecured debt consolidation loan. Even if you have bad credit, a County Court Judgment (CCJ) or have bad credit and been declined a loan already, we can help. We specialise in Debt Consolidation solutions of all types, offering free advice as to your best option. more »

Remortgage's & Repossession Help.

Abacus have vast experience in managing to stop home repossessions, even those on the very brink of personal disaster. We can help if you are a homeowner with mortgage arrears, council tenant or with a housing association. It's never too late to get help. more »

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