All about getting out of debt, get out of debt plans, credit cards, budgeting, consolidation loans, Individual Voluntary Arrangements IVA, bankruptcy, debt plans.
 

Assets Review

  • Do you own items that are not essential? Luxury goods? Wouldn't your interests be best served to sell them to reduce or eliminate your debts?

  • Similarly, if you are holding investments, it might be appropriate to encash all or some of them to clear borrowing. It depends on your particular circumstances.

  • Any items of value such as works of art or collectables could be sold to raise money to reduce borrowing.

  • Is your household running more than one car? Outgoings can be reduced by using a single vehicle, and cash from the sale of a second car can go towards debt reduction.

  • Do you have leisure vehicles such as trail bikes or a caravan? Or a boat perhaps? If you are in debt can you really afford to run them? Obviously not. Sell them off.

  • Do you have any domestic or leisure equipment that could be sold? It is easy and free to set up an account with eBay the huge online auction house, and you can arrange the sale of unwanted items easily and quickly from the comfort of your home.

  • I've already mentioned this, but if you have cash savings, consider this. The interest you are earning on your savings will be less than the interest you are paying on your debts. It makes sense, therefore, to clear debt before attempting to accumulate cash.

Income Review

Liabilities Review


Expenses Review


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Debt Consolidation
Individual Voluntary Arrangement - IVA
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