Often the people who come to Truth in Lending Auditors feel that they have been the victim of fraud perpetrated by the banks. The type of fraud that now has them in foreclosure, and desperately trying to get a loan mod. They often feel that the bank or broker ran a scam on them. They [...]
When a limited company is facing financial difficulty, two of the rescue options which are often considered are a company voluntary arrangement (CVA) and a pre-pack administration. One of the downsides of pre-pack administration is the upfront cost, whereas a company voluntary arrangement can be implemented with little or no investment cash. If your company [...]
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Debt elimination is one of the greatest tools that people who have found themselves in over their heads in debt can utilize to regain their financial security. Realizing that you are floundering in debt is a huge factor for worry and stress. Debt elimination is one of the greatest tools that people who have found [...]
In 1986, the IVA or Individual Voluntary Agreement was passed in the UK as an Act of Parliament. This has created a much better option for individuals instead of declaring insolvency or bankruptcy. In 1986, the IVA or Individual Voluntary Agreement was passed in the UK as an Act of Parliament. This has created a [...]
Tips to avoiding credit card debt relief scams: Understand benefits of debt relief programs, common scam techniques, charging to fix your credit report, loaning to fix bad credit and false identity. Benefits of Debt Relief Programs People with mounting debts can reap major benefit from debt relief programs. These programs are designed for this specific [...]
I frequently come across examples of small business owners or directors who use personal borrowing to supplement their business cash flow. In the current climate due to the effects of the credit crunch, personal credit is now becoming much harder to obtain. What can be done about this… I have come across many examples of [...]
Having to pay for the loans that you borrowed years ago is 1 of the issues that we all face. When disbursements hit the ceiling, you have no other way of overcoming your financial difficultness but resolve for a lend. Unfortunately, many individuals are unable to limit themselves to one lend. They tend to get [...]
The official Insolvency Service figures showed that in the first part of 2009, the number of businesses being put into liquidation in England and Wales increased by over half compared to the same quarter in 2008. I would suggest that during these difficult economic times, directors and senior managers take special notice in the following [...]
Nearly 5000 businesses went into liquidation in the first quarter of 2009 according to the latest Insolvency Service figures for England and Wales released on 1st May 09. One of the solutions to this is Phoenixing (also known as Pre-pack administration). This is the process by which the sound elements of a failing business can [...]
