The Debt Survivor

Just go Bankrupt…you’ll be debt free in 12months…

Posted on 14. Jul, 2010 by pauljohnson.

Just go Bankrupt, youll be debt free in 12months
Im sure many of you have heard this pearl of wisdom before, I know I have. But is it really that simple Is it as straightforward as it sounds whats involved in the Bankruptcy process
Well, as somebody who has actually been through the process I can assure [...]

Continue Reading

How long will it take me to pay off my Credit cards?

Posted on 16. Dec, 2009 by UK Liquidation.

I speak to a lot of people who say things like I dont really
have any debt problems, Ive just got a couple of credit cards and I can afford
to make the minimum payment each month, so Im not really worried
When I then ask them if they have any idea how long this
will take to [...]

Continue Reading

“The most powerful force in the universe is compound interest” Albert Einstein.

Posted on 16. Dec, 2009 by UK Liquidation.

Einstein was right (not for the first time in his life)
about compound interest. It is indeed the most powerful force in the universe.
Unfortunately though, most people are suffering from this
force. A few days ago I posted a blog
entry entitled How long will it take me to pay off my credit cards. This blog
entry used an [...]

Continue Reading

Does anybody actually care about the level of UK debt???

Posted on 16. Dec, 2009 by UK Liquidation.

With the National debt now reaching 800billion, most UK taxpayers are either unaware of the consequences of this figure, or theyre aware but just dont care
The definition of Insolvent when applied to a Company is Unable to meet its debts as they fall due
Does this also apply to our Government If it has to borrow [...]

Continue Reading

Debt Management

Posted on 16. Dec, 2009 by UK Liquidation.

If youre finding it difficult to pay off your debts and you dont qualify for an IVA, a Debt Management Plan may be just the thing for you.
So what is involved in a Debt Management plan?

By taking out a Debt Management Plan you pay back the debts you owe to your [...]

Continue Reading