Do not pay your debts intentionally – What Happens Next?

Do not pay your debts intentionally – What Happens Next? Many people I speak to have ignored their debts before they have resolved to contact us. As a debt advisor, I think half of our clients wait for more than a year or more before…

HMRC Time To Pay Arrangement Debt Plan

HMRC Time to Pay (TTP) arrangement would allow struggling businesses to repay its outstanding corporation tax, PAYE/ NI, VAT and other HMRC liabilities in installments, rather than in one go. Usually, Time to pay arrangements last either 6 or 12 months. However, they may last longer…

How to Manage debts of someone who has died

It can be challenging to manage debt of someone who has died in your family or close relative who has passed away as you would probably need to go through lots of paper work. You can also seek help from a debt advice service if…

Overdraft -How to avoid fee and clear your debt

Overdraft -How to avoid fee and clear your debt An overdraft account will certainly permit you to borrow money with your current account. Usually there is a fee to use overdraft facility. You could request from your bank or your current account may automatically offer…

Effects of paying minimum Payment on your Credit Cards?

paying minimum Payment Paying minimum payment only keeps you in debt longer, costs you money in interest, bring many money worries and could hurt your credit score. It is always good to keep monthly budgeting of your income and expenditure to be in sound financial…

Changes to UK Benefit System –Claim your Benefits

Due to change in UK Benefit system, are you struggling to pay your household bill and worried about managing on less money? It becomes essential to review your monthly financial statement to understand your income and expenditure and if there is, any disposable income left.…

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Our new TV advert Like our facebook page for latest news and posts Acme Credit Facebook page Subscribe to our twitter on @acmecreditt Debt Management Plans (DMP) – Types and FAQ

UK Benefit and Tax Credit Income – How to apply

UK Benefit The extra UK Benefit you might be able to claim could make a big difference to your current financial position and the debt solutions we can offer you to resolve your debt problems. The important point to bear in mind is that Benefits…

Can I get a Mortgage on Debt Management Plan?

Mortgage on Debt Management Plan We have received considerable number of inquiries in past from our clients, asking us how their debt management plan (DMP) affects new mortgage applications so I have decided to give you all the information you need to help establish when…

Brexit and Financial Services UK

Brexit no deal What would a “No deal Brexit” mean for your debt and money? Brexit makes us smaller than what we are in many ways, in trade, and business, and in insolvency and the ability to chase and collect debts. What is a “No…

HMRC PAYE Tax Arrears –Debt Management

If you have outstanding HMRC debts, whether it is Income Tax Obligation (PAYE), NI or VAT debts, you must deal with them as soon as possible. These are classed as concerned financial obligations (Priority debt). The repercussions of not paying them can be extremely serious…

Debt Management Plan for Company directors

Debt Management for Company Directors A basic principle of a limited company is that the Directors are not responsible for the company debts. However, in small to medium sized companies it may not be that easy to keep your business debt and personal debt liability…