http://www.beatmydebt.comRss Feed for all the news and articles from Beat My Debt40If your company is failing because of the weight of historic business debt repayments, pre pack liquidation can write off debt Wed, 10 Mar 2010 12:24:23 +0000http://www.beatmydebt.com/news-articles/I-have-got-company-debt-problems-how-can-a-pre-pack-help.htmAlmost half of UK Small and Medium sized enterprises have lost an estimated £5.3bn in debts owed by trading partners who have gone bustWed, 10 Mar 2010 12:05:44 +0000http://www.beatmydebt.com/news-articles/SMEs-lose-money-from-insolvent-partners.htmIf you are considering bankruptcy be sure that you include all appropriate debts on your application form.Tue, 09 Mar 2010 09:45:31 +0000http://www.beatmydebt.com/news-articles/which-debts-can-be-included-if-I-declare-bankruptcy.htmThe era of free banking may be drawing to a close after Virgin Money said it plans to levy a charge for current accountsMon, 08 Mar 2010 01:40:54 +0000http://www.beatmydebt.com/news-articles/virgins-threat-to-free-banking.htmOver a quarter of individuals in debt management plans (DMPs) will have to face making payments for over ten years, according to figures released todaMon, 08 Mar 2010 12:27:28 +0000http://www.beatmydebt.com/news-articles/people-are-becoming-slaves-to-DMPs.htmBusiness leaders have called on chancellor Alistair Darling to draw up a clear and credible plan to cut the government's debt in this month's budget.Mon, 08 Mar 2010 11:33:14 +0000http://www.beatmydebt.com/news-articles/budget-must-include-credible-plans-for-debt-reduction.htmPoliticians should consider imposing VAT on food, children's clothes and household gas and electricity, a report from a think-tank suggests.Fri, 05 Mar 2010 12:57:13 +0000http://www.beatmydebt.com/news-articles/think-tank-calls-for-VAT-increases.htmFor many people, declaring bankruptcy is the best way to deal with a serious personal debt problem. However, the cost often rules out this optionFri, 05 Mar 2010 09:30:35 +0000http://www.beatmydebt.com/news-articles/I-want-to-declare-bankruptcy-how-can-I-afford-to-pay-the-court-fee.htmLenders have indicated that 2010 could see homebuyers struggle to secure a loan. But you can improve your chances of a successful applicationFri, 05 Mar 2010 09:15:58 +0000http://www.beatmydebt.com/news-articles/ten-of-the-best-ways-to-improve-your-chances-of-getting-a-mortgage.htmIf your company has debt which it cannot afford to pay, you could risk the business being wound up and the directors being held liable.Thu, 04 Mar 2010 02:23:57 +0000http://www.beatmydebt.com/news-articles/my-company-debt-cannot-be-paid-what-can-I-do.htmIf you receive a county court judgement this could lead to money being taken directly from your wages and even a charge being put against your house. Wed, 03 Mar 2010 09:30:28 +0000http://www.beatmydebt.com/news-articles/I-have-a-county-court-judgement-can-an-IVA-help.htmIf your company has debt which it is unable to pay, its creditors, particularly HMRC, could try to force the closure of the business with winding upTue, 02 Mar 2010 09:18:19 +0000http://www.beatmydebt.com/news-articles/I-have-company-debts-including-HMRC-will-pre-pack-administration-help.htmThe level of debts written off because defaulting borrowers will never repay them shot up in 2009, Bank of England figures have shown.Tue, 02 Mar 2010 09:13:06 +0000http://www.beatmydebt.com/news-articles/UK-banks-see-surge-in-bad-debts.htmBankruptcy is often the right solution to resolve a serious debt problem but an increase in cost due in April is likely to preclude manyMon, 01 Mar 2010 11:23:13 +0000http://www.beatmydebt.com/news-articles/the-cost-of-bankruptcy-set-to-rise.htmIf creditors have taken out a county court judgement (CCJ) against your company, the next step could be a winding up petition.Fri, 26 Feb 2010 09:56:37 +0000http://www.beatmydebt.com/news-articles/can-I-stop-a-county-court-judgement-with-pre-pack-administration.htmIf you are struggling to pay your debt it is likely that you will receive a county court judgement (CCJ). This could lead to a charging orderThu, 25 Feb 2010 10:34:59 +0000http://www.beatmydebt.com/news-articles/how-will-a-county-court-judgement-affect-my-home.htmThe government has announced plans to make it easier for people in financial difficulty write off their debts in Debt Relief Orders (DROs).Thu, 25 Feb 2010 10:30:25 +0000http://www.beatmydebt.com/news-articles/government-changes-to-debt-relief-orders.htmTwo thirds of personal insolvency cases have involved store credit cards, according to the latest survey of insolvency practitioners by trade body R3.Thu, 25 Feb 2010 10:21:15 +0000http://www.beatmydebt.com/news-articles/industry-warns-of-store-cards-danger.htmIf your business is unable to pay its debts, a company voluntary arrangement (CVA) could reduce your monthly payments and write off debt Wed, 24 Feb 2010 11:08:31 +0000http://www.beatmydebt.com/news-articles/how-can-I-reduce-my-company-debt-with-a-company-voluntary-arrangement.htmFive million Britons are permanently overdrawn, and rising inflation could force more to live on their overdrafts, says product comparison website.Wed, 24 Feb 2010 11:03:10 +0000http://www.beatmydebt.com/news-articles/five-million-brits-permanently-overdrawn.htmIf your company is struggling and likely to be wound up, your home could be at risk if you have given personal guarantees of repayment to the bank.Tue, 23 Feb 2010 11:18:53 +0000http://www.beatmydebt.com/news-articles/if-my-company-is-wound-up-could-the-bank-force-me-to-sell-my-home.htmAn IVA can protect your property against charging orders and even bankruptcy. However, your home may be at risk if you do not maintain your paymentsMon, 22 Feb 2010 12:58:59 +0000http://www.beatmydebt.com/news-articles/what-effect-will-an-IVA-have-on-my-home.htmAn important reform has come into effect for the millions of people who claim tax credits.Mon, 22 Feb 2010 09:43:47 +0000http://www.beatmydebt.com/news-articles/more-fairness-for-tax-credit-claimants.htmA former government advisor has called for an investigation into the profit margins of credit card companies.Sat, 20 Feb 2010 10:24:02 +0000http://www.beatmydebt.com/news-articles/credit-card-rates-unjustified.htmRetail sales on the UK high street suffered their sharpest monthly drop in 18 months in January as the snow and icy weather deterred shoppers.Fri, 19 Feb 2010 12:52:29 +0000http://www.beatmydebt.com/news-articles/retail-sales-suffer-sharp-drop-in-January.htmIf a charging order is issued against you, the associated debt will be secured against your home.Fri, 19 Feb 2010 12:04:11 +0000http://www.beatmydebt.com/news-articles/can-I-stop-a-charging-order-with-a-debt-management-plan.htmA winding up petition will stop your company trading unless you take immediate action. By implementing a CVA, winding up action will be stoppedThu, 18 Feb 2010 11:20:38 +0000http://www.beatmydebt.com/news-articles/how-to-stop-a-winding-up-petition-use-a-CVA.htmIf you are a homeowner and struggling with debt, your house could be at risk if you do not take the right precautions and chose the right solutionWed, 17 Feb 2010 10:07:34 +0000http://www.beatmydebt.com/news-articles/I-have-a-debt-problem-will-I-be-forced-to-sell-my-house.htmIf you need to close your company, there are costs involved which often need to be borne by the directors. Tue, 16 Feb 2010 09:25:02 +0000http://www.beatmydebt.com/news-articles/company-liquidation-what-will-it-cost-to-close-my-company.htmCredit card rates are at their highest for 12 years, according to new figures, despite interest rates being at a record low.Tue, 16 Feb 2010 09:19:46 +0000http://www.beatmydebt.com/news-articles/credit-card-interest-rates-at-their-highest-for-12-years.htmThere is growing concern over the number of people turning to gambling to survive the recession, a charity says.Tue, 16 Feb 2010 09:04:23 +0000http://www.beatmydebt.com/news-articles/concern-grows-over-gambling-to-beat-debt-in-uk.htmEvery day, HM Revenue and Customs petition for the winding up of companies which are unable to pay their taxes. Mon, 15 Feb 2010 12:04:15 +0000http://www.beatmydebt.com/news-articles/winding-up-are-the-rules-different-for-high-profile-companies-like-portsmouth-fc.htmTwo local councils have today been criticised by the local government ombudsman (LGO) for their handling of individual bankruptcies.Mon, 15 Feb 2010 11:51:11 +0000http://www.beatmydebt.com/news-articles/councils-slammed-over-debtor-bankruptcies.htmPlans by the Insolvency Service to streamline the bankruptcy application process therefore helping thousands of people in debt should not be dismissedThu, 11 Feb 2010 01:03:53 +0000http://www.beatmydebt.com/news-articles/plans-to-make-the-bankruptcy-process-easier-should-be-encouraged.htmThe number of homes repossessed by lenders rose by 15% in 2009, to the highest level since 1995, but there were signs of improvementThu, 11 Feb 2010 12:56:52 +0000http://www.beatmydebt.com/news-articles/repossessions-at-highest-level-since-1995.htmIf your company is issued with a county court judgement, this will reduce its ability access new credit and may lead to further action Wed, 10 Feb 2010 10:55:36 +0000http://www.beatmydebt.com/news-articles/how-will-a-county-court-judgement-affect-my-business.htmSenior credit professionals have slammed a government consultation ending today that could streamline the bankruptcy process.Wed, 10 Feb 2010 10:50:42 +0000http://www.beatmydebt.com/news-articles/industry-condemns-bankruptcy-plan.htmOfficial figures show 134,000 people were declared officially insolvent in 2009, a 26% increase on 2008. However the true number likely to be doubleTue, 09 Feb 2010 11:30:32 +0000http://www.beatmydebt.com/news-articles/personal-insolvency-figures-are-double-that-reported-by-the-insolvency-service.htmBorrowers in severe debt difficulties are being charged thousands of pounds in interest by a company that has bought their loans.Tue, 09 Feb 2010 11:24:33 +0000http://www.beatmydebt.com/news-articles/debt-management-plans-that-keep-adding-interest.htmRoyal Bank of Scotland and Lloyds Banking Group have been criticised by a committee of MPs for failing to lend enough to homeowners and businesses.Tue, 09 Feb 2010 10:58:34 +0000http://www.beatmydebt.com/news-articles/lloyds-and-RBS-failing-to-lend.htmThe number of companies closed due to insolvency in 2009 increased by nearly 23% over the previous year with little hope for improvement in 2010. Mon, 08 Feb 2010 10:50:04 +0000http://www.beatmydebt.com/news-articles/company-insolvencies-rise-dramatically-in-2009.htmA minimum level of consumer credit debt may be set in law before an order for sale can be issued, under proposals launched by the Ministry of JusticeMon, 08 Feb 2010 10:40:23 +0000http://www.beatmydebt.com/news-articles/moj-considers-minimum-debt-to-repossess-once-a-charging-order-is-in-place.htmGetting expert advice about how to resolve a personal debt problem is vital. The internet is a great place to start and act on personal recomendationFri, 05 Feb 2010 11:29:18 +0000http://www.beatmydebt.com/news-articles/which-debt-company-should-I-use-to-solve-my-debt-problem.htmThe number of people who were declared insolvent in England and Wales hit a record high in 2009Fri, 05 Feb 2010 11:15:08 +0000http://www.beatmydebt.com/news-articles/personal-insolvency-hits-record-high.htmDebt advice charities today denied they were turning away people with debt problems despite claims by MPs they were unable to copeFri, 05 Feb 2010 11:03:32 +0000http://www.beatmydebt.com/news-articles/charities-deny-they-are-unable-to-handle-volume-of-debt-inquiries.htmWithout sufficient cash, your business will fail. If your access to additional investment is limited, alternative options to save your business Thu, 04 Feb 2010 12:33:35 +0000http://www.beatmydebt.com/news-articles/my-company-is-struggling-what-are-my-options-to-improve-cash-flow.htmHigh unemployment and rising interest rates are expected to drive a 30 per cent spike in the number of people seeking debt management plans this year,Thu, 04 Feb 2010 12:27:51 +0000http://www.beatmydebt.com/news-articles/debt-management-plans-to-jump-by-third.htmSmall cash-strapped firms have been forced to turn to friends, family and personal credit cards to fund their business during the recessionThu, 04 Feb 2010 11:10:30 +0000http://www.beatmydebt.com/news-articles/cash-poor-companies-turn-to-credit-cards-for-funding.htmMPs described the Government's approach to advising people in debt as a "triumph of bureaucracy over practicality" and urged it to "shake up" its straThu, 04 Feb 2010 10:39:28 +0000http://www.beatmydebt.com/news-articles/debt-advice-service-cant-cope-with-leap-in-demand.htmEven those with a poor credit rating can open a new bank account. You just need to understand the right questions to ask.Wed, 03 Feb 2010 01:42:12 +0000http://www.beatmydebt.com/news-articles/opening-a-new-bank-account-if-your-credit-rating-is-poor.htmDespite the UK creeping out of the recession last month, 1,995 people are still made redundant every day, according to figures by Credit Action.Wed, 03 Feb 2010 10:25:46 +0000http://www.beatmydebt.com/news-articles/1995-people-made-redundant-every-day.htmIf a limited company is wound up, the directors could be liable for its debts if they have allowed the business to trade while it was insolvent. Tue, 02 Feb 2010 06:00:24 +0000http://www.beatmydebt.com/news-articles/what-happens-to-the-directors-if-a-company-is-wound-up.htmPersonal loan rates have hit a nine-year high despite the record-low Bank of England base rate.Tue, 02 Feb 2010 05:55:29 +0000http://www.beatmydebt.com/news-articles/personal-loan-rates-at-nine-year-high.htmMany people who try to open a basic bank account are wrongly refusedTue, 02 Feb 2010 05:39:30 +0000http://www.beatmydebt.com/news-articles/concerns-raised-over-bank-account-access.htmStruggling firms fail to seek third party help early enough, according to restructuring and insolvency group MCR.Tue, 02 Feb 2010 05:29:06 +0000http://www.beatmydebt.com/news-articles/firms-not-educated-about-dealing-with-failure.htmTV adverts offering people the chance to sell their unwanted gold by post are paying “shockingly low rates”, an investigation by consumer advice groupTue, 02 Feb 2010 11:08:24 +0000http://www.beatmydebt.com/news-articles/beware-the-TV-gold-scammers.htmIf you are in a debt management plan, getting a mortgage is not impossible. But you may need a larger deposit and pay a higher rate of interestMon, 01 Feb 2010 10:51:19 +0000http://www.beatmydebt.com/news-articles/can-I-get-a-mortgage-when-in-a-debt-management-plan.htmNew borrowing on credit cards, loans and overdrafts has outstripped the amount being paid back by UK consumers for the first time since June.Mon, 01 Feb 2010 10:46:57 +0000http://www.beatmydebt.com/news-articles/demand-for-credit-back-on-the-rise.htmIf your own business gets into financial trouble you could be personally responsible for the outstanding debt and your home may be at risk.Fri, 29 Jan 2010 11:44:47 +0000http://www.beatmydebt.com/news-articles/I-am-self-employed-how-can-I-save-my-failing-business.htmThe average Briton held readily accessible cash savings of 2,205 pounds at the end of 2009, little changed from the start of the yearFri, 29 Jan 2010 11:23:49 +0000http://www.beatmydebt.com/news-articles/average-briton-has-2205-pounds-of-cash-savings.htmWhere debt payments fall into arrears, creditors are increasingly applying for charging orders which will secure the debt against a propertyThu, 28 Jan 2010 11:42:16 +0000http://www.beatmydebt.com/news-articles/will-I-get-a-charging-order-if-I-cant-pay-my-debt.htmAs the economy begins a fragile recovery, winding up petitions will continue to be used as a method of debt collection. However beware the costWed, 27 Jan 2010 01:02:47 +0000http://www.beatmydebt.com/news-articles/what-does-it-cost-to-wind-up-a-company.htmA company called the IVA Review Board (IRB) is sending letters to debtors in individual voluntary arrangements (IVAs)Wed, 27 Jan 2010 12:52:23 +0000http://www.beatmydebt.com/news-articles/firm-suggests-debtors-should-stop-paying-their-IVAs.htmHomeowners who fall into arrears on their mortgage repayments are set to benefit from greater protection under new proposals from the FSAWed, 27 Jan 2010 12:38:10 +0000http://www.beatmydebt.com/news-articles/homeowners-in-arrears-to-get-greater-protection.htmThe recession may technically be over, but there are few signs that consumer spending and confidence will bounce back in a hurry.Wed, 27 Jan 2010 12:14:29 +0000http://www.beatmydebt.com/news-articles/the-new-consumerism-frugal-and-cautious.htmNew rules to protect mortgage holders who are in arrears have been proposed by the Financial Services Authority.Tue, 26 Jan 2010 04:53:21 +0000http://www.beatmydebt.com/news-articles/new-rules-over-mortgage-arrears.htmA pre paid card can be an ideal solution if you have no bank account or need to open a new account because of a debt problem.Tue, 26 Jan 2010 11:28:08 +0000http://www.beatmydebt.com/news-articles/should-I-get-a-pre-paid-debit-card.htmThe number of people over 60 forced to seek debt advice has doubled in just four years, according to figures from Consumer Credit Counselling ServiceTue, 26 Jan 2010 11:10:10 +0000http://www.beatmydebt.com/news-articles/more-over-60s-seek-debt-advice.htmLiquidation is used to close a company for good. It is not a complicated process. However steps need to be taken to protect the directors interestsMon, 25 Jan 2010 11:12:15 +0000http://www.beatmydebt.com/news-articles/how-can-I-liquidate-my-insolvent-company.htmQuestions have been raised over the quality of advice for people battling with debt after a pensioner’s year-long struggle to get out of the red. Mon, 25 Jan 2010 11:07:09 +0000http://www.beatmydebt.com/news-articles/conflicting-debt-advice-offers-no-relief.htmPeople in some of the poorest parts of the country are having benefits paid onto pre-paid cards, but many are not aware of the costs involved.Mon, 25 Jan 2010 10:51:31 +0000http://www.beatmydebt.com/news-articles/concern-over-pre-paid-card-costs.htmUsing an individual voluntary arrangement to solve your debt problem will affect your credit rating. Fri, 22 Jan 2010 12:04:11 +0000http://www.beatmydebt.com/news-articles/how-will-an-IVA-affect-my-credit-rating.htmThe Insolvency Service is seeking views on a proposal to allow debtors to file for bankruptcy online or by post, as part of a consultation.Fri, 22 Jan 2010 11:58:50 +0000http://www.beatmydebt.com/news-articles/bankruptcy-may-be-streamlined.htmThe total amount lost through defaults rose in the last three months of 2009 the Bank's Trends in Lending report said. Fri, 22 Jan 2010 11:33:58 +0000http://www.beatmydebt.com/news-articles/default-levels-on-credit-rise.htmBankruptcy can be an extremely effective way of dealing with debt problems. However if you are managing a company there could be serious implicationsThu, 21 Jan 2010 11:38:49 +0000http://www.beatmydebt.com/news-articles/If-I-declare-bankruptcy-what-happens-to-my-company.htmTens of thousands of borrowers face a shock jump in mortgage payments after Skipton Building Society plans to raise its standard variable rateThu, 21 Jan 2010 11:34:14 +0000http://www.beatmydebt.com/news-articles/mortgage-costs-leap-as-skipton-building-society-lifts-rate.htmThe traditional five year IVA payment period can be avoided and a debt problem resolved immediately if a cash lump sum is made available. Wed, 20 Jan 2010 11:40:41 +0000http://www.beatmydebt.com/news-articles/a-full-and-final-IVA-could-solve-debt-immediately-if-a-lump-sum-is-available.htmThere needs to be a sweeping overhaul of how the credit card industry allocates consumer payments, according to proposals by uk cards associationWed, 20 Jan 2010 11:36:10 +0000http://www.beatmydebt.com/news-articles/credit-card-industry-needs-to-give-customers-more-control.htmPre pack administration could be used to turn your business around if it is failing under the weight of debt. Historic debt is written off Tue, 19 Jan 2010 12:15:58 +0000http://www.beatmydebt.com/news-articles/how-can-a-pre-pack-save-my-business.htmThere has been a huge rise in the amount of money that banks are writing off as bad debts on their credit cards.Tue, 19 Jan 2010 11:52:02 +0000http://www.beatmydebt.com/news-articles/credit-card-bad-debt-write-offs-double.htmAn Individual Voluntary Arrangement (IVA) could be the answer to solve your debt problem enabling you to write off up to 50% of your debtMon, 18 Jan 2010 11:10:55 +0000http://www.beatmydebt.com/news-articles/can-I-use-an-IVA-to-solve-my-debt-problem.htm11.3 million UK households(44%) are dependent on more than one salary to cover billsMon, 18 Jan 2010 10:40:23 +0000http://www.beatmydebt.com/news-articles/increasing-debt-levels-force-4-million-parents-back-to-work.htmIf your company is in financial difficulty a company voluntary arrangement could put a stop to court action such as a winding up petitionFri, 15 Jan 2010 11:38:17 +0000http://www.beatmydebt.com/news-articles/how-can-a-company-voluntary-arrangement-save-my-business.htmThousands of households have taken out loans with interest rates averaging 825% during "worst Christmas in a generation" for illegal doorstep lendingFri, 15 Jan 2010 11:25:50 +0000http://www.beatmydebt.com/news-articles/loan-sharks-target-poorest-households-with-825-percentage-apr-loans.htmInaccurate information on credit files is preventing consumers from gaining access to credit, the Information Commissioner's Office (ICO) has said.Thu, 14 Jan 2010 11:34:23 +0000http://www.beatmydebt.com/news-articles/inaccurate-files-restrict-access-to-credit.htmGiven the combination of available cash and low interest rates, I find it surprising that banks seem to be making borrowing difficultWed, 13 Jan 2010 02:14:46 +0000http://www.beatmydebt.com/news-articles/are-the-banks-taking-us-for-a-ride-personal-loans-are-more-expensive-than-ever.htmSmall to medium sized enterprises (SMEs) have been forced to turn to bank overdrafts rather than business loans to finance their operationsWed, 13 Jan 2010 02:07:31 +0000http://www.beatmydebt.com/news-articles/small-to-medium-sized-businesses-resort-to-overdrafts-for-finance.htmHouseholders who have cranked up the heating over the past few weeks can expect to pay an extra £70 on their January fuel billWed, 13 Jan 2010 01:51:29 +0000http://www.beatmydebt.com/news-articles/cold-weather-adds-70-pounds-to-energy-bills.htmIf the current financial position of your business makes trading not viable, there are some very real steps you can take to save the companyTue, 12 Jan 2010 12:29:55 +0000http://www.beatmydebt.com/news-articles/company-in-trouble-tips-to-help-you-avoid-winding-up-the-business.htmThe new year is a prime time for consumers to seek out personal loans, often consolidating existing debts from Christmas. In January last year, for exTue, 12 Jan 2010 12:16:50 +0000http://www.beatmydebt.com/news-articles/personal-loans-to-soak-up-your-seasonal-excess.htmThe economy may have exited recession in the final three months of 2009, the British Chambers of Commerce said on TuesdayTue, 12 Jan 2010 12:08:05 +0000http://www.beatmydebt.com/news-articles/recession-may-have-ended-in-Q4.htmWeeks of arctic weather are not expected to endanger the economy’s anaemic recovery but could push thousands of businesses into failureTue, 12 Jan 2010 12:00:30 +0000http://www.beatmydebt.com/news-articles/cold-snap-threatens-recession-hit-businesses.htmBankruptcy may be the best solution for people who are struggling with debt. However they are put off because of they think they will lose their homeMon, 11 Jan 2010 11:45:46 +0000http://www.beatmydebt.com/news-articles/if-I-declare-bankruptcy-will-I-lose-my-home.htmMore than 4.5 million people are planning to take advantage of introductory credit card rates by moving more than £3.2 billion between credit cardsMon, 11 Jan 2010 11:39:05 +0000http://www.beatmydebt.com/news-articles/great-balance-transfer-cards.htmUp to one million households have borrowed money on a credit card to pay their mortgage or rent over the past year, a charity's study suggests.Mon, 11 Jan 2010 10:50:43 +0000http://www.beatmydebt.com/news-articles/shock-at-credit-card-mortgage-use.htmWinding up petitions are being used as a method of debt collection. However once a petition is granted, those owed money may receive no returnFri, 08 Jan 2010 12:51:59 +0000http://www.beatmydebt.com/news-articles/will-I be-paid-as-a-priority-if-I-issue-a-winding-up-petition-against-one-of-my-creditors.htmA committee of MPs has warned the government that it will be keeping a "keen eye" on policy on repossessions, in its response to the Pre-Budget ReportFri, 08 Jan 2010 12:36:24 +0000http://www.beatmydebt.com/news-articles/mps-keep-keen-eye-on-repossessions.htmUK interest rates have been kept unchanged at 0.5% following the Bank of England's latest meeting.Thu, 07 Jan 2010 12:50:34 +0000http://www.beatmydebt.com/news-articles/freeze-on-interest-rates-goes-on.htmThe Ministry of Justice guidelines to help inform people about debt management need to go further to cover the full range of personal debt solutionsThu, 07 Jan 2010 10:38:18 +0000http://www.beatmydebt.com/news-articles/I-am-in-serious-debt-which-debt-solution-should-I-use.htmSelf employed business people are personally liable for any debts that their business cannot repay. There are solutions that may be suitableWed, 06 Jan 2010 02:18:21 +0000http://www.beatmydebt.com/news-articles/my-self-employed-business-is-in-trouble-what-can-I-do.htmGuidelines on debt management plans have been published by the government to help people facing financial worries better understand their options.Wed, 06 Jan 2010 02:11:53 +0000http://www.beatmydebt.com/news-articles/ministry-issues-debt-management-guidelines.htmThe number of people in the UK taking out mortgages to buy a home rose again in November but the appetite for other loans and overdrafts continued to Wed, 06 Jan 2010 12:05:00 +0000http://www.beatmydebt.com/news-articles/borrowers-are-picky-about-loans.htmMortgage lenders will not be allowed to repossess homes without a court order or the borrower’s consent, under plans by the Ministry of JusticeTue, 05 Jan 2010 12:09:09 +0000http://www.beatmydebt.com/news-articles/ministry-targets-repossession-practice.htmA government scheme that gives households in England £400 off the cost of a new boiler has been launched.Tue, 05 Jan 2010 11:46:09 +0000http://www.beatmydebt.com/news-articles/boiler-scrappage-scheme-launched.htmMake a new year’s resolution to save for a rainy day and avoid falling into the debt trap when cash demanding emergencies strike.Tue, 05 Jan 2010 11:22:22 +0000http://www.beatmydebt.com/news-articles/make-saving-a-habit-in-the-new-year.htmUnder a new personal, social, health and economic (PSHE) curriculum, children as young as five will be taught how to look after their money to avoid gMon, 04 Jan 2010 09:57:08 +0000http://www.beatmydebt.com/news-articles/children-to-be-educated-about-how-to-avoid-debt.htmAlmost one in 10 people went into debt to pay for Christmas and six per cent are still repaying debts from a year ago, says a report.Tue, 29 Dec 2009 10:52:22 +0000http://www.beatmydebt.com/news-articles/christmas-debt-torment-for-one-in-ten.htmThe Bank of England won't raise interest rates from a record low until the fourth quarter of next year, according to a majority of 62 analysts polledMon, 28 Dec 2009 08:35:31 +0000http://www.beatmydebt.com/news-articles/no-interest-rate-hike-seen-until-fourth-quarter-2010.htmTrade credit insurers paid out a record amount in claims during the third quarter of 2009, figures from the Association of British Insurers reveal.??Mon, 28 Dec 2009 08:22:05 +0000http://www.beatmydebt.com/news-articles/credit-insurer-payouts-up-227percent.htmCreditors are imposing modifications on almost all individual voluntary arrangement (IVA) proposals despite the implementation of the IVA protocolThu, 24 Dec 2009 10:14:32 +0000http://www.beatmydebt.com/news-articles/protocol-fails-to-halt-iva-modifications.htmWhen times are tough, self employed people get in to personal debt because they borrow in their own name to support their business. Wed, 23 Dec 2009 09:40:06 +0000http://www.beatmydebt.com/news-articles/I-am-self-employed-and-have-a-debt-problem-what-can-I-do.htmOne in five parents have borrowed from their children’s savings account to tide them over during the recession, according to new research. Tue, 22 Dec 2009 10:13:49 +0000http://www.beatmydebt.com/news-articles/desperate-parents-raid-their-childrens-savings.htmThe Office of Fair Trading (OFT) has decided to drop its investigation into the fairness of bank overdraft charges.Tue, 22 Dec 2009 10:08:11 +0000http://www.beatmydebt.com/news-articles/OFT-regulator-drops-bank-charges-case.htmIf your company is in trouble and you are looking for ways of preserving investment cash, a company voluntary arrangement is a cheaper rescue solutionTue, 22 Dec 2009 09:57:29 +0000http://www.beatmydebt.com/news-articles/company-voluntary-arrangement-costs-less-than-pre-pack-administration.htmImplementing a debt management plan or an individual voluntary arrangement will have a negative impact on your credit rating. However, doing nothing aMon, 21 Dec 2009 06:02:39 +0000http://www.beatmydebt.com/news-articles/will-debt-management-or-an-iva-affect-my-credit-rating.htmBankruptcy is not an option for many business people as this solution will prevent them from continuing to manage their company.Fri, 18 Dec 2009 10:47:52 +0000http://www.beatmydebt.com/news-articles/can-I-declare-bankruptcy-and-run-my-business.htmWith an estimated 20,000 new cases of debt repayment problems coming to light each month, should other family members be worried that they will be lefThu, 17 Dec 2009 10:49:29 +0000http://www.beatmydebt.com/news-articles/can-I-be-responsible-for-someone-elses-debt.htmParents will spend an average of £442 on Christmas celebrations this year as gift shopping is squeezed in the downturn, according to a survey.Wed, 16 Dec 2009 03:36:37 +0000http://www.beatmydebt.com/news-articles/parents-spend-442-pounds-on-christmas.htmThousands of county court judgements are issued to companies in England and Wales every month. Receiving a CCJ will make trading made more difficultWed, 16 Dec 2009 12:44:05 +0000http://www.beatmydebt.com/news-articles/what-happens-if-I-receive-a-county-court-judgement.htmMortgage lenders are failing to follow rules designed to help people avoid repossession, according to a damning report published today.Tue, 15 Dec 2009 11:26:38 +0000http://www.beatmydebt.com/news-articles/lenders-ignoring-mortgage-repossession-protocol.htmMany home mortgage payments are at an all time low. However properties are still being repossessed at the rate of 3000 a month. Tue, 15 Dec 2009 11:15:42 +0000http://www.beatmydebt.com/news-articles/i-have-mortgage-arrears-what-can-I-do.htmWinding up petitions are being used to aid business debt collection because of the serious consequences for a company if they are ignoredMon, 14 Dec 2009 11:12:01 +0000http://www.beatmydebt.com/news-articles/what-happens-if-I-get-a-winding-up-petition.htmThe BBC soap opera Eastender has brought the issue of personal debt to the masses through its storyline involving Max and Tanya Branning.Sat, 12 Dec 2009 10:17:01 +0000http://www.beatmydebt.com/news-articles/eastenders-gives-the-debt-conversation-mainstream-coverage.htmDebt relief orders were introduced in April 09 to help people on very low incomes resolve their debt problems.Fri, 11 Dec 2009 11:28:20 +0000http://www.beatmydebt.com/news-articles/can-I-use-a-debt-relief-order.htmIf your company is in financial difficulty it may be possible to avoid liquidation and rescue the business by setting up a new phoenix companyThu, 10 Dec 2009 01:17:17 +0000http://www.beatmydebt.com/news-articles/when-can-I-use-phoenixing-pre-pack-administration.htmBankruptcy is thought of as something to be avoided at all costs. However, it may be useful to solve an unsecured personal debt problemWed, 09 Dec 2009 10:55:09 +0000http://www.beatmydebt.com/news-articles/should-I-declare-bankruptcy.htmIf your business is failing due to debt which you are unable to pay a company voluntary arrangement could be the ideal business rescue solution.Tue, 08 Dec 2009 10:37:35 +0000http://www.beatmydebt.com/news-articles/when-should-i-use-a-company-voluntary-arrangement.htmIf last week’s ruling about unfair bank overdraft charges had been different the banks would have been liable to repay millions of pounds of fees.Wed, 02 Dec 2009 10:16:56 +0000http://www.beatmydebt.com/news-articles/bank-charges-its-either-pay-now-or-pay-later.htmMillions of bank customers seeking billions of pounds of overdraft charge refunds have been dealt a major blow by a Supreme Court ruling.Wed, 25 Nov 2009 10:31:36 +0000http://www.beatmydebt.com/news-articles/banks-win-on-overdraft-fees-case.htmThe latest stage of the battle over overdraft charges will take place later this month, with a date now set for a judgement by the Supreme Court.Wed, 18 Nov 2009 10:30:14 +0000http://www.beatmydebt.com/news-articles/date-set-for-bank-fees-decision.htmThe recovery in the UK housing market was strong enough to survive the traditional summer slowdown, says the National Association of Estate Agents.Fri, 09 Oct 2009 05:01:07 +0000http://www.beatmydebt.com/news-articles/division-over-housing-recovery.htmYour credit rating depends largely on the state of your credit file. The better your credit file, the better your credit rating will be.Fri, 09 Oct 2009 04:47:50 +0000http://www.beatmydebt.com/news-articles/how-do-I-get-a-better-credit-rating.htmA new bank account may be required for different reasons. When managing a personal debt problem, a new account is often required to regain controlFri, 09 Oct 2009 04:41:06 +0000http://www.beatmydebt.com/news-articles/how-do-I-get-a-new-bank-account.htmHow to declare bankruptcyTue, 06 Oct 2009 04:09:16 +0000http://www.beatmydebt.com/news-articles/how-to-declare-bankruptcy.htmHouse prices are being supported by a shortage of property for sale, with Rightmove reporting the lowest stock levels for 18 months.Thu, 01 Oct 2009 05:15:19 +0000http://www.beatmydebt.com/news-articles/slump-in-property-for-sale.htmThere are an estimated 90 million old mobile phone handsets in the UK that could be making their owners some extra money in the current economyThu, 01 Oct 2009 05:10:54 +0000http://www.beatmydebt.com/news-articles/make-money-from-your-old-mobile.htmA woman has won a landmark legal victory after a judge wrote off her £8,000 credit card debt because she had wrongly been sold payment protectionThu, 01 Oct 2009 05:07:19 +0000http://www.beatmydebt.com/news-articles/judge-quashes-womans-8000-credit-card debt-in-landmark-ruling-on-mis-selling-of-payment-protection-insurance.htmWhen a home owner finds that they are no longer able to maintain their mortgage payments they may have to hand back the keys to the property and moveThu, 01 Oct 2009 04:52:10 +0000http://www.beatmydebt.com/news-articles/can-I-leave-my-house-and-then-declare-bankruptcy.htmThe outdoor and leisure clothing retailer Blacks is planning to resolve its financial difficulties by agreeing a Company Voluntary Arrangement (CVA)Wed, 30 Sep 2009 03:43:48 +0000http://www.beatmydebt.com/news-articles/CVAs-become-increasingly-acceptable-to-creditors.htmIf a company has failed, the Directors may often be left with significant personal debts which they are struggling to repayWed, 30 Sep 2009 03:38:44 +0000http://www.beatmydebt.com/news-articles/resolving-directors-personal-debt-problems-with-debt-management.htm-Tue, 08 Sep 2009 12:00:00 +0000http://www.beatmydebt.com/news-articles/avoid-house-repossession-what-is-the-pre-action-protocol.htm-Tue, 14 Jul 2009 12:00:00 +0000http://www.beatmydebt.com/news-articles/can-you-take-credit-after-individual-voluntary-arrangement-or-bankruptcy.htm-Sat, 04 Jul 2009 12:00:00 +0000http://www.beatmydebt.com/news-articles/the-calm-before-the-storm-steep-drop-in-corporate-insolvencies.htm-Fri, 19 Jun 2009 12:00:00 +0000http://www.beatmydebt.com/news-articles/bankruptcy-is-a-worryingly-easy-option-for-young-people-in-debt.htm-Fri, 19 Jun 2009 12:00:00 +0000http://www.beatmydebt.com/news-articles/what-happens-when-an-Administrator-is-appointed-and-how-are-staff-effected.htm-Thu, 18 Jun 2009 12:00:00 +0000http://www.beatmydebt.com/news-articles/individual-voluntary-arrangement-vs-bankruptcy-which-is-the-right-option.htm