Help with business – tax credits ?

Yes, you would be self employed, but way below the tax threshold which is £125pw – and dont forget you only pay tax on your profits, not your turnover. If you have managed so far without an accountant, no reason why you should need one now.
I think tax credits are based on income, so you would send your accounts to the tax credits people annually as you do now.

 

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How did everyone find standard grade credit business management 2010?

 

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How long does it take for bad but paid off debts to clear from your credit reports?

These records remain on her report for 7 years after the account is paid in full and closed. Regarding the mortgage, if her records have been good for 3 years, the bank puts more emphasis on the last 3 years than older records. She needs 20% down payment, plus closing costs, plus 3 – 6 months of reserves. Cash – her long-term savings habit – matters a great deal.

Unrelated parties should NEVER purchase property together unless they have a written business relationship, such as a partnership or LLC, with written buyout provisions, etc. If your daughter is not married, she should not be buying a house. She’s asking for trouble, and it looks like she’s recovering from previous troubles. She should not be asking for more!

 

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Went to debt collection agency for a BT final bill paid them straight away in 3payments is cred score ruined?

 

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Need car finance but on debt management programme which finance com should i try?

I suggest you find your nearest credit union and ask them about the benefits of membership. You need to join and start saving with them regularly before you can apply for a loan, but getting that loan is virtually assured. Interest rates are usually better than the bank, and they try to keep repayments close to the level you were saving, as they know you were able to pay in this much without hardship. Loans need to be repaid within 5 years. Credit unions work for the benefit of their members, and being on a debt management programme should not be a deterrent as long as you have enough money to manage. They also don’t charge monthly or penalty fees, and if something unexpected happens to make a repayment difficult, they are a lot more approachable than other finance places.

In my credit union, car loans are 6%, loans for home improvements are 8% and other loans are 10%. Each credit union is independent and they each set their own guidelines, so where you are, it could be different. As a member you are also a shareholder, and a dividend is paid annually, from the profits. Last year my credit union had a good year, and borrowers were given an extra rebate. When did your bank last give you money back because they had made profits?

 

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I started debt relief order March 1st 2010, can I now receive a £2000 Cheque for a medical trial?

What does the DRO say ???

At a guess, it says you have to pay £XX per month, no matter what your income ??? In which case, so long as you keep paying £XX per month there’s no problem … (in fact, if you use the £2000 to ‘overpay’ maybe your DRO will end sooner and cost less ?)I believe the DRO is quite clear on this.

If you indeed do receive the funds for the medical trial, and you fail to report your change in circumstances to the intermediary or Official Receiver, I believe you are committing a criminal offence.

If they were to discover your payment and realise you had failed to disclose it you could find yourself in serious trouble.

Talk to your intermediary about your legal obligations under the DRO before you make your decision on what to do with the payment.

I hope this helps

MIVAA

 

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Can a tax credit overpayment be added to a Debt Relief Order?

Actually I’d have to disagree with the previous answer.

A DRO will be able to include all unsecured debts that are "provable" in bankruptcy.

This means that because a Tax Credit over payment can be included in, and written off by, a bankruptcy it should be ok to include it in your DRO.

Read this article to find out more about Debt Relief Orders.

http://www.my-iva-adviser.co.uk/iva-what-is-a-debt-relief-order

 

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Can you join the royal marines if you are on a debt managment plan or debt relief order?

I bet they are looking for people like you (and drunken sailors… no wait, that was a few centuries ago.).

the army is always looking for people in financial troubles.
we like desperate people the most, because they wont complain when we send them overseas,
and they wont complain when they return (dead or disfigured).

find something else, just a polite advice.

 

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Can you join royal with a debt managment plan or debt relief order?

I’m guessing you mean the Royal Navy?

If you’re 8000 in debt and are paying 100 a month it’s going to take you 80 months – assuming that includes interest of course. That’s 6 and half years by the way

To pay it off in a year you need to be paying 666 a month – good luck!

By the way, some punctuation would help!

 

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Hi! I,m thinkin of getting a Debt Management plan with a company called ChurchwoodFinance R they any good ?

Why would you do that? You can pay off your own debt.

Follow Dave Ramsey’s debt snowball. Pay the minimums on all of them. On the one with the lowest balance, put ALL your extra money toward it. When it is paid off, take that minimum payment, plus the extra you were paying and apply it to the next smallest debt. Keep rolling this until you are paid off.

MATHEMATICALLY it would make more sense to pay the one with the highest interest rate first. BUT, you don’t have a math problem here, you have a behavior problem. Paying the smallest one down will give you a quick reward and will encourage you to stay on the plan. Yes, you may end up paying an extra $30 or $40 in interest over the course of the plan, but you are already paying double or triple on that latte you charged a year ago.

In the future, only charge what you can afford to PAY IN FULL as soon as the bill arrives.

Also, get together a cash emergency fund so this won’t happen again.

We are debt-free except our house and have about 6-month’s worth of expenses in the bank. We drive two paid in full cars that are only a few years old and we pay for everything in cash.It’s not a good idea to pay a debt management company any money. You can contact your local united way, and they have free debt management help available. Commerical companies take money up front, then "a piece" of what you pay each month. I have never heard of one of those places really helping any one. I have heard of them getting shut down by the FTC and local and state regulators. But check them out at

http://www.bbb.org/us/Find-Business-Reviews/Never go with a debt management company that demands payment upfront. We can negotiate a freeze on interest, a reduction on monthly repayments (based on your circumstances) and even a reduction in the amount you owe. And we don’t insist on a direct debit, as the agreements are flexible, to meet your particular needs.

Call us to have a chat with your own personal debt advisor to see what your options are.

http://www.alggroupltd.com

 

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