We have designed this section
to provide you with useful pieces of information
that may help you manage your debts or may simply
be of interest.
The contents of this section are
intended as guidelines only. None of it is a
substitute for considered advice on specific
issues. Consequently we cannot accept any responsibility
for this information or for any errors or omissions.
BANK ACCOUNTS :
Opening a new bank account when you have debt
problems can sometimes be difficult to do. The
FSA (Financial Services Authority) have produced
a very good guide to which banks may be able
to assist you with banking facilities. Information
on : Bank
Accounts Guide.
A GUIDE TO YOUR CREDIT FILE
:
Almost every adult in the UK will have a credit
file. It contains information that potential
lenders will use when deciding if they wish
to extend credit to you. This guide explains
what is likely to be contained within your credit
file, how to understand the entries and how
to try and correct certain entries. : A
Guide To Your Credit File.
BANKRUPTCY :
For more information on bankruptcy and its implications
the BIS (Department for Business, Innovation
and Skills) have produced a guide. Information
on : Bankruptcy
Guide.
FINANCIAL DISASSOCIATION :
Your credit file can be blighted by information
relating to someone else that lives or lived
in the same property as you. They may be a current
partner or a former partner or spouse. To ensure
that you credit file contains only information
about yourself you should financially disassociate
yourself from the person in question. All you
need to do is send a letter (letter
sample) to the to each of the main credit
references below:
Callcredit plc
Consumer Services Team, PO Box 491, LEEDS, LS3
1WZ.
Experian Limited
Consumer Help Service, PO Box 8000, NOTTS, NG80
7WF.
Equifax plc
Credit File Advice Centre, PO Box 1140, BRADFORD,
BD1 5US.
INCOME
& EXPENDITURE SUMMARY:
Use this form to work out your household income
and expenses. Once you have done this you will
know how much you have available to offer to
your creditors : Income
& Expenditure Form.
PROTOCOL COMPLIANT IVAS :
The purpose of the protocol is to facilitate
the efficient handling of straightforward IVAs.
The protocol is a voluntary agreement that many
creditors and many IVA providers, including
ourselves, participate in.
Part of the protocol is for IVA
providers to use the agreed standard terms and
conditions. In our protocol compliant IVAs we
refer to these terms and conditions : Protocol
Terms.
R3 IVA STANDARD TERMS :
R3 (The Association Of Business Recovery Professionals)
is the insolvency's industries professional
association. It promotes best practice in the
insolvency industry. We are a member of R3 and
as such adhere to their best practice guidelines.
Among them are their standard terms for an IVA.
These standard terms are incorporated into any
of our non-protocol IVA proposals : R3
IVA Standard Terms.
NANCOLLASGREER SURVEYS :
Every three months or so we undertake a survey
of about 300 people who are in debt to establish
if the pattern of debt is changing and what
causes debt. Use the drop down menu below to
access a summary of each survey’s results.
MONEY WORRIES AND STRESS :
NancollasGreer in association with The
Beech Group, have come up with some practical
solutions that will help you to deal with the
financial stress and anxiety in your every day
life. Information on : Money
Worries And Stress.
