The Debt Advisor Blog
CLICK TO APPLY FOR HELPWHAT IS A DRO AND HOW DOES THIS COMPARE WITH BANKRUPTCY? HOW CAN AN IVA OFFER A BETTER DEAL FOR ME OR MY CREDITORS THAN BOTH OF THESE?
The information below provides a brief synopsis of the different procedures. WHAT IS A DRO? A Debt Relief Order (DRO)…
INSOLVENCIES SLIGHTLY UP BUT LEVELS STABLE
Figures published today by the Insolvency Service show that company liquidations in England and Wales in the first quarter of…
INSOLVENCIES SLIGHTLY UP BUT LEVELS STABLE
Figures published today by the Insolvency Service show that company liquidations in England and Wales in the first quarter of…
MEETING WITH KATE GREEN MP MONDAY 14 APRIL 2014
The Debt Advisor Managing Director, Beverley Budsworth invited MP Kate Green to visit our head office on Monday 14th April…
THE DEBT ADVISOR WELCOMES LOCAL MP KATE GREEN
Stretford and Urmston MP Kate Green visited local business The Debt Advisor to meet with managing director, Bev Budsworth, and…
STUDENTS COULD BE REPAYING STUDENT LOANS INTO THEIR 50’S
New research has found that most students will still be paying their student loans when they’re in their 40s and…
TOUGH NEW LAWS DESIGNED TO PROTECT THE PUBLIC FROM AGGRESSIVE BAILIFFS ARE BEING IMPLEMENTED BY GOVERNMENT
“This Sunday (6 April 2014) will see the rules for bailiffs change substantially for the better”, comments Bev Budsworth, an…
DEBT ADVISOR SHORT-LISTED FOR NATIONAL AWARD
A member of staff from Old Trafford-based debt management company, The Debt Advisor, has been shortlisted for ‘Debt Counsellor of…
CATALOGUES AND BUY-NOW-PAY-LATER SCHEMES PUTTING PEOPLE INTO FINANCIAL DIFFICULTY
There has been a lot of discussion in recent times regarding payday loans and the effects a payday loan can…
MINIMUM WAGE TO BE INCREASED TO £6.50 AN HOUR
The national minimum wage is to be increased by 19p an hour to £6.50 (an increase of 3%) the government…
PARENTS PAY MORE FOR CHILDCARE THAN THE AVERAGE MORTGAGE
The Family and Childcare Trust’s new annual report has shown that many parents are paying more for childcare than the…
LOCAL DEBT ADVISER SHORTLISTED FOR NATIONAL AWARD
A member of staff from Old Trafford-based debt management company, The Debt Advisor, has been shortlisted for ‘Debt Counsellor of…
HOW TO PRIORITISE DEBT PAYMENTS / PENSIONS WHEN YOU REACH RETIREMENT
What should you financially prioritise if you are single later in life? Here at The Debt Advisor, we are seeing…
COUNTY COURT JUDGEMENTS
The Debt Advisor (help for individuals) 0800 0851 825 and The Business Debt Advisor (help for self employed and businesses) 0800 848 8036 deal with judgement queries frequently. We…
SOME LOGBOOK LENDERS ARE FLOUTING THE LAW
Citizen’s Advice has claimed that many logbook loan lenders are using “brutish tactics” to recover payments from borrowers. This comes…
MORE YOUNG PEOPLE FACING THE BURDEN OF DEBT
A Demos thinktank has revealed that people in their 20s and 30s are facing the tough decision of either putting…
PERSONAL DEBT AT EIGHT YEAR LOW IN 2013
Figures published today by the Insolvency Service show that company liquidations in England and Wales in the fourth quarter of…
PAYDAY LOANS MAY HURT YOUR CHANCES OF GETTING A MORTGAGE
Payday loans have emerged from being a niche business to being a mainstream financial product over the past few years.…
DO YOU HAVE A RAINY DAY FUND
According to a new survey by the Money Advice Service, a third of the UKs population have no savings at…
ARE YOU STILL PAYING OFF YOUR CHRISTMAS DEBTS?
According to research from the Trades Union Congress, it will take until June until the average family clears debts they…
FIFTH OF PENSIONERS BORROWING MONEY TO FUND RETIREMENT
According to research from independent financial adviser Key Retirement, a fifth of all UK’s over 65s have borrowed money or…
WHAT IS AN IVA? SHOULD I SIGN ONE? WHAT ARE THE ADVANTAGES AND DISADVANTAGES?
This blog with give you a brief insight into what an IVA is, how it can help you, how you…
NEW YEAR… NEW YOU. GET MONEY SMART!
It’s no secret that many of us fall helplessly into the New Year struggle after our Christmas breaks that may…
5.4 MILLION HOUSEHOLDS HAVE SAVINGS OF LESS THAN £500
Bev Budsworth from The Debt Advisor was asked to comment on 5 Live (Sunday 29 December 2013) on the latest report…
CHRISTMAS TO COST £822 ON AVERAGE
According to figures released from a YouGov survey, each household in the UK is expected to spend approximately £822 on…
DON’T GET INTO DEBT PAYING FOR CHRISTMAS
While the majority of us look forward to the festive season, Christmas can be a stressful time for others. With…
BANKRUPTCY DOES VERY DEFINITELY HAVE A STING IN THE TAIL
There has been a number of news articles published recently, where individuals who have declared themselves bankrupt have failed to…
THE STUDENT LOANS COMPANY SELLS £900M OF OLD MORTGAGE STYLE LOANS
Bev Budsworth, MD of The Debt Advisor Ltd was asked by Radio 5 Live to research and discuss the recent…
RISING UK DEBT DAMAGING MENTAL HEALTH AND WELLBEING
According to a new report by the Centre for Social Justice, personal debt in Britain has reached £1.4tn – almost…
PERSONAL INSOLVENCY UP FOR SECOND CONSECUTIVE QUARTER
Figures published today by the Insolvency Service show that company liquidations in England and Wales in the third quarter of…
UNITE TO COMPETE WITH PAYDAY LENDERS WITH CREDIT UNION SCHEME
Credit unions have increasingly been competing with the controversial payday loan market. We recently blogged about London Mutual who are…
THE DEBT ADVISOR JOINS JULIAN HARRIS IN STRATEGIC ALLIANCE
Award-winning Manchester-based debt solutions company, The Debt Advisor, has joined forces with the Julian Harris Network, which is one of…
CREDIT UNION OFFERS CHEAP PAYDAY STYLE LOANS
London Mutual credit union has said that more than 6,000 people have successfully applied for its new payday-style loans online.…
WORKING FAMILIES STILL IN POVERTY
lan Milburn, the government’s social mobility tsar has warned that working parents “simply do not earn enough to escape poverty”.…
USING YOUR OVERDRAFT CAN BE JUST AS EXPENSIVE AS USING PAYDAY LOANS
According to consumer group Which?, using some overdrafts can be just as expensive as taking out a payday loan. Which?…
EXPECTING MOTHERS FORCED INTO DEBT BY POOR MATERNITY PAY
According to a new survey from maternitycover.com, 53% of women surveyed said that they had to return to work early…
INTERVIEW WITH THE DEBT ADVISOR MANAGING DIRECTOR, BEVERLEY BUDSWORTH
What have been some of The Debt Advisor’s key milestones in the last year? “The Debt Advisor has had another…
HOW TO IMPROVE YOUR CREDIT RATING
We often find that after finishing a Debt Management Plan or IVA, some of our clients have damaged credit ratings.…
THE DEBT ADVISOR WINS DRF ‘ADVISOR OF THE YEAR’
An advisor at award-winning Manchester-based debt management company, The Debt Advisor, has won the Debt Resolution Forum’s (DRF) ‘Advisor of…
THE DEBT ADVISOR GAINS P-DMP APPROVAL FROM INSOLVENCY SERVICE
Award-winning Manchester-based debt management company, The Debt Advisor, has been approved by the Approvals Committee headed up by Insolvency Service…
STRUGGLING TO MAKE YOUR MONEY STRETCH?
Are you struggling to keep up with monthly payments due to a short fall of cash each month? The Debt…
INTRODUCTION OF ‘BEDROOM TAX’ MEANS ONE IN THREE FALL BEHIND ON MONTHLY RENT
Since the introduction of the new housing benefit called ‘bedroom tax’, one in three council tenants have been left unable…
4.8 MILLION WORKERS EARN LESS THAN LIVING WAGE
According to research from the Resolution Foundation, 4.8 million workers in the UK are earning less than the ‘living wage’. The living…
MORE THAN 1 MILLION MOTORISTS FACE BAILIFF THREAT OVER MOTORING FINES
Figures released by the Ministry of Justice have revealed that 1,132,776 motorists have had debts registered against them by the…
BRITS ADMIT FINANCES CAUSES STRESS
According to new research, one in four workers admitted that their financial situation has a negative effect on their health.…
AVERAGE COST FOR UNIVERSITY REACHES £650 A MONTH
Good news, it’s the time of year when teenagers are receiving their GCSE’s and A-levels. However it’s bad news if…
BOOMTIME FOR BAILIFFS
According to Money Advice Trust, local authorities have used bailiffs on 1.8 million occasions in last 12 months. This is…
UK WORKER’S WAGES HIT BY “BIGGEST FALL ACROSS EUROPE”
According to new figures released by the House of Commons, British workers’ wages have suffered from one of the biggest…
BOE DELIVERS BOOST FOR STRUGGLING HOMEOWNERS
Figures published today by the Council of Mortgage Lenders (CML) show that the number of repossessions in the second quarter…
MORE THEN HALF OF UK FAMILIES ARE LIVING ON THE EDGE
Managing Director of The Debt Advisor Beverley Budsworth was asked to appear on Sky News to discuss how half of…
INSOLVENCIES ON THE RISE AGAIN
Figures published today by the Insolvency Service show that company liquidations in England and Wales in the second quarter of this year were up…
THE DEBT ADVISOR SHORTLISTED FOR NATIONAL AWARD
Manchester-based insolvency practitioner, Bev Budsworth has been shortlisted for ‘Personal Insolvency Practitioner of the Year – Small Firm’ award at…
RENT IN THE UK ‘UNAFFORDABLE’ FOR OVER A THIRD OF HOUSEHOLDS
According to a new report by the Resolution Foundation, rent is becoming unaffordable for a third of UK families. The report found…
FAMILIES TO BE £1,800 WORSE OFF BY 2015
According to a new report from the Institute for Fiscal Studies (IFS), UK families are to be £1,800 a year worse off…
HOUSING BENEFIT CUTS LEAD TO THOUSANDS BEING IN DEBT IN MERSEYSIDE
A new study by the National Housing Federation claims that thousands of Merseyside residents have “spiralled into debt” in the…
STUDENTS STRUGGLING TO FUND THE RISING COST OF LIVING
According to a survey by Save the Student, students in the UK are often relying on high-risk methods to fund the rising…
OLDER PEOPLE INCREASINGLY FACING DEBT ISSUES
A new study by Age-UK has highlighted how more older couples are getting into difficulty with unsecured debt including credit…
OVERDRAFTS AND CREDIT CARDS
Many are finding themselves resorting to alternative methods such as credit cards and overdrafts to raise funds for ‘bridging the…
COUNTY COURT JUDGEMENTS
The Debt Advisor (help for individuals) 0800 0851 825 and The Business Debt Advisor (help for self employed and businesses) 0800 848 8036 deal with judgement queries frequently. We…
ARE MONEY WORRIES AFFECTING YOUR HEALTH?
According to new research from price comparison website MoneySupermarket.com, nearly one in six of us are so worried about our…
REPOSSESSIONS UP SLIGHTLY BUT DOWNWARD TREND CONTINUES
Figures published today by the Council of Mortgage Lenders (CML) show that the number of repossessions in the first quarter…
INTEREST-ONLY MORTGAGES
More then a million people in the UK with interest-only mortgages are facing financial trouble when the time comes to pay them…
ROLL OUT OF UNIVERSAL CREDIT
Bev Budsworth from The Debt Advisor joined a panel on Tony Livesey’s Late Night Chat on 5 Live last night…
TIPS FOR COPING WITH DEBT
Along with the financial worries, struggling with debt often causes increased worry and stress, often impacting your personal life. So…
MOST COMMON DEBT MYTHS ANSWERED
Did you know that there are thousands of people all over the UK who are in debt? It is a very common…
BENEFIT CHANGES – WILL THEY TIP MILLIONS INTO POVERTY?
1 April marked the start of changes to Housing Benefit and reduced council tax benefits for millions. The government argue that…
CAN YOU ENFORCE A MONEY JUDGEMENT BEYOND 6 YEARS?
It has been widely accepted that a debt becomes statute barred if the creditor has not taken any action against…
INSOLVENCY LOWEST SINCE 2008 BUT RETAILERS’ NIGHTMARE CONTINUES
Figures published today by the Insolvency Service show that company liquidations in England and Wales in the third quarter of this year were down…
ROGUE PAYDAY LOAN BROKERS HACKING WEBSITES TO INCREASE WEBSITE TRAFFIC
An investigation by Sky News has revealed that some Payday loan brokers have been involved in hacking popular websites in…
THE DEBT ADVISOR TESTIMONIAL
Was The Debt Advisor the first company you approached? What made you choose us? The Debt Advisor was not the…
BAILIFFS IN ENGLAND AND WALES TO FACE TOUGHER NEW LAWS
Bev Budsworth From The Debt Advisor welcomes the moves by the government to bring new laws into to tackle aggressive…
USE OF LOGBOOK LOANS ON THE RISE
With the economic climate in such a poor state, there have been rising numbers of people seeking out alternative lenders.…
HARD TIMES FOR MORE UK HOUSEHOLDS
According to the recent Office for National Statistics (ONS) reports, the proportion of people suffering “severe material deprivation” has stayed…
ENVIROLINK NORTHWEST PLACED INTO LIQUIDATION
Bev Budsworth from Manchester-based business recovery business, The Business Debt Advisor, has been appointed as liquidator to not for profit…
WHAT TO DO IF THE BAILIFFS COME KNOCKING
Bev Budsworth recently appeared on Your Money show on Saturday’s BBC News Channel talking about Bailiffs and what you can…
INSOLVENCIES FLAT BUT REAL LEVELS ‘HIDDEN’
Figures published today by the Insolvency Service show that corporate insolvencies in the first quarter of this year were up…
£58BN OF DEBT CHASED BY DEBT COLLECTION AGENCIES
Figures published by The Credit Service Association (CSA) have revealed that £58billion of unpaid consumer credit has been outsourced to…
NEW MORTGAGE RULES SET TO ‘TRAP’ BORROWERS
One in three interest-only mortgage holders could see their repayments double when new FSA regulations come into force next summer.…
THE DEBT ADVISOR SHORTLISTED FOR TWO NATIONAL AWARDS
Award-winning, debt management company, The Debt Advisor, has been shortlisted for two national industry awards. The Manchester-based practice has seen…
“CALM BEFORE THE STORM”, WARNS THE DEBT ADVISOR AS REPOSSESSIONS CONTINUE TO FALL
Figures published today by the Council of Mortgage Lenders (CML) show that the number of repossessions in the final quarter…
‘WINTER OF DISCONTENT’ FOR RETAILERS WITH CONTINUED RISE IN INSOLVENCY
Figures published today by the Insolvency Service show that personal insolvencies reached 119,867 – an 11.3% decrease on 2010’s levels.…
THE DEBT ADVISOR TEAMS UP WITH SIMPLYBIZ MORTGAGES
Award-winning, Manchester-based debt management company, The Debt Advisor, has joined forces with SimplyBiz Mortgages. The new arrangement will see The…
INSOLVENCY CLIMBS THE SOCIAL LADDER
Figures published today by the Insolvency Service show that personal insolvencies were down to 30,219 in the third quarter of…
UK PAYS MORE THEN MOST OF THE EU FOR FOOD, ALCOHOL AND CIGARETTES
Research from the Office for National Statistics (ONS) reveals that the cost of food, cigarettes and alcohol is much more…
INSOLVENCY UP SLIGHTLY AS AUSTERITY MEASURES BITE
Figures published today by the Insolvency Service show that personal insolvencies were up to 30,513 in the second quarter of…
THE DEBT LOAN ARE DEBT CONSOLIDATION LOANS AS RISK-FREE AS THEY APPEAR?
Are debt consolidation loans as risk-free as they appear? In a world where it appears that nothing comes without a catch, and…
THE BIG SQUEEZE
Figures published today by the Insolvency Service show that corporate insolvencies in the first quarter of this year were up…
“INSOLVENCIES TO TOP 150,000 THIS YEAR”, WARNS THE DEBT ADVISOR
Figures published today by the Insolvency Service show another record high with a 0.7% increase to 135,089 for 2010. Bev…
DIG DEEP, THE WORST MAY BE YET TO COME
Figures published on Friday by the Insolvency Service are likely to show that, despite a growing economy, rates of personal…
MANAGING EXPECTATIONS
Comments from Bev Budsworth for Mortgage Strategy “Everyone at The Debt Advisor knows that ‘managing expectations’ is my motto. This…
THE DEBT ADVISOR TIES UP NEW IVA DEAL
Award-winning, Manchester-based debt management company, The Debt Advisor, has been selected by Chorley-based Independent Financial Adviser (IFA), Anne Wray, to…
DEBT LEVELS COULD BE ‘TIP OF THE ICEBERG’, WARNS THE DEBT ADVISOR
Figures published today by the Insolvency Service show the number of personal insolvencies in England and Wales reaching 34,743 in…
THE DEBT ADVISOR JOINS THE CLUB
Award-winning, Manchester-based debt management company, The Debt Advisor, has joined Mortgage Brain’s Affinity Club. The new arrangement will see The…
THE DEBT ADVISOR TO HELP HM FORCES
Award-winning, Manchester-based debt management company, The Debt Advisor, has partnered with specialist armed forces home-buying adviser, Mortgages4Forces, to offer debt…
DON’T FORGET THE PRIVATE SECTOR
Figures published today by the Insolvency Service show that, despite emerging from recession, the nation’s people are still well and…
“DON’T GO BACK TO OUR OLD WAYS” AS INSOLVENCY REACHES RECORD HIGH
Figures published today by the Insolvency Service show a record high with the number of personal insolvencies reached 35,574 in…
CONGRATULATIONS TO THE DEBT ADVISOR TEAM
A huge congratulations goes out to three members of our team here at The Debt Advisor: Sandy Livingstone, Stacey Banks and…
THE DEBT ADVISOR TIES UP NEW IFA DEAL
Award-winning, Manchester-based debt management company, The Debt Advisor, has been selected by Chorley-based Independent Financial Adviser (IFA), Anne Wray, to…
BEV’S MISSION IS TO HELP OTHERS GAIN SELF RESPECT – AS PUBLISHED IN THE MANCHESTER EVENING NEWS
There have been so many twists and turns in Bev Budsworth’s life on the path to her becoming an award-winning businesswoman specialising…
STILL SUFFERING THE ‘DEBT HANGOVER’
Figures published today by the Insolvency Service show the number of personal insolvencies reached 35,242 in the third quarter of…