Tag Archives: debts written off

The truth about not paying your debts

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This page contains information about debt solutions available in England, Wales and Northern Ireland. Debt advice in Scotland involves similar but different solutions. Before considering an IVA as a debt solution, please make sure you fully understand the risks involved when entering an IVA.

Most people who suffer with debt problems have lots of things in common, one of them being that they want to pay their debts off but can’t.

Every now and again we come across people who think that by ignoring their debt, it’ll go away. They may have heard it from a friend or family member, or read it on some (not always well-meaning) forum.

It can be tempting to take a cue from the ostrich, and bury your head in the sand to avoid your debts. However, pretending your problems don’t exist can cause a lot more harm and stress than seeking the support you need.

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Are there legal ways to write off debt?

posted by in Living with debt 4 Comments

This page contains information about debt solutions available in England, Wales and Northern Ireland. Debt advice in Scotland involves similar but different solutions. Before considering an IVA as a debt solution, please make sure you fully understand the risks involved when entering an IVA. You can also learn more about bankruptcy on our website.

debt write off legal

Avoid companies offering “government debt help”

There are lots of dodgy companies out there that will tell you anything to get your business.

If you’ve seen adverts promising “Government debt help” or offering to “write off credit card debt” you’ll know what we’re talking about. Sadly their promises are nearly always too good to be true. Continue reading »

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What happens to my debts if I die?

posted by in Living with debt Leave a comment

This page contains information about debt solutions available in England, Wales and Northern Ireland. Debt advice in Scotland involves similar but different solutions. Before considering an IVA as a debt solution, please make sure you fully understand the risks involved when entering an IVA.

Your debts don't always die with you

Your debts don’t always die with you

We recently came across this story from broadcaster Danny Baker, who was diagnosed with throat cancer a couple of years ago (he’s now fully recovered) but had no relevant insurance and not enough money saved to cover his bills during his illness (we sometimes hear this from clients calling our Helpline).

Danny was lucky enough to be able to call on his friend and fellow broadcaster Chris Evans, who lent him £30,000 to cover his essential bills at a frightening time in his life.

Our Helpline deals with callers from all over the UK in all different kinds of financial dire straits, sadly including those who are fighting life threatening illnesses. However we’re not all lucky enough to have a friend like Chris Evans to step in at a time of real crisis. Continue reading »

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“Your debts written off!”: Is it too good to be true?

posted by in Living with debt 208 Comments

This page contains information about debt solutions available in England, Wales and Northern Ireland. Debt advice in Scotland involves similar but different solutions. Before considering an IVA as a debt solution, please make sure you fully understand the risks involved when entering an IVA.

If you need debt help now, use our online debt advice tool Debt Remedy or call us. We’re a debt charity and we can help.

Debt wipe out

Can you rub out your debts?

We’ve all heard or seen adverts suggesting that it’s possible to get your debts written off. It sounds too good to be true, for one reason. It usually is too good to be true.

In some cases it’s a way of enticing people in debt to take out a formal solution. There have been other less than satisfactory solutions offered by fee charging companies over the years that were less than effective, although many of these have now been outlawed thankfully.

In many cases it would be better to talk to to a free, impartial organisation for debt advice (you can get debt advice by using our online Debt Remedy tool)

So what do they offer? For the most part “debts written off” means either an individual voluntary arrangement (IVA) or assisted bankruptcy.

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