What is an IVA?

An IVA (Individual Voluntary Arrangement) is an increasingly popular alternative to bankruptcy, designed to avoid many of the disadvantages and the stigma that bankruptcy involves to get out of debt. An IVA is a binding legal agreement between you and your creditors in which you undertake to pay an affordable monthly sum for a sensible … Read more

What is a debt management plan or program

Debt Management Plans or programs are an informal process of negotiation with unsecured creditors to obtain a reduction in the contractual repayment and/or a reduction in the interest / charges being levied by the creditor. Debt management plans involve the negotiation process providing evidence to creditors that an individual does not have enough income to … Read more

How Cash Back Credit Cards Work

Credit cards are a convenient and flexible way of borrowing money to pay for goods and services. When you pay for something using a credit card, the provider is effectively lending you the money. Every month you’ll receive a statement which lists all your transactions and there will be a set time in which you … Read more