Author Archives: rhys Ferguson

Debt Free with an individual voluntary arrangement

An individual voluntary arrangement is a debt solution that can make you debt-free in usually 48 months. The debt solution which is commonly known as an “IVA” is a formal and legally binding agreement between your creditors and yourself that allows to you pay back the debts you owe over a certain time period (48 months on average). The debt solution is approved by your creditors and the court. It is important to mention that an IVA comes with major advantages and disadvantages.

How does the individual voluntary arrangement work?

The debt solution referred to as an “IVA” must be set up by an Insolvency Practitioner (IP). The IP will charge fees for the IVA. The cost of these fees can vary and it purely depends on the amount you are paying back in your individual voluntary arrangement.

Do I decide the Monthly Repayment amount?

The amount you pay back each month to your IVA depends on a few key factors such as your income and expenditure, your employment status, and more. Don’t worry the senior debt advisor will talk you through all of this. There is a minimum repayment amount. that amount varies depending on the IP you go through. You will not be put into an IVA if you cannot afford the repayments after the I&E check is complete.

The Advantages of an IVA

Some of the advantages that come with an IVA are:

  • Debt Free in 48 Months (or the agreed set time)
  • Creditors cannot hassle you
  • Remove some debt stress
  • One monthly repayment
  • Write off a percentage of your debt (Percentage varies)
  • Its an affordable plan for you
  • Freeze Interest and Charges

The disadvantages of an IVA

  • An IVA will affect your credit score and will remain on your credit file for six years from the date the creditors agree.
  • You will be listed on the Insolvency Service Register.
  • Credit will be hard to obtain whilst the IVA shows on your credit file.

The disadvantages of an IVA are important to take a look at before you enter the plan so to see all of the disadvantages of an individual voluntary arrangement Click Here.

Apply for an individual voluntary arrangement

Find a Debt Expert can put you into an IVA, Apply today and we will run you through our debt calculator and we can tell you within 30-60 minutes if you are eligible for the debt solution. its important to know that individuals living in Scotland can’t enter an IVA, for those living in Scotland wishing to enter a debt solution click here.

Those outside of Scotland but inside of the UK can apply for an IVA by clicking here.

Earnings Arrestments? We can help remove them!

What are Earnings Arrestments?

Earnings Arrestments also knowing as Wage arrestment means that a percentage of the debtor’s earnings will be taken by their employer to settle the outstanding debt balance. Before an Earnings arrestment can happen a County Court Judgement will have been granted by the courts. An attachment of earnings can only occur if a debtor has missed one or more payments on a County Court Judgement. If the debtor has fallen behind with a payment then the court can use an attachment of earnings to recover the debt for the creditor.

attachment of earnings order - earnings arrestment

attachment of earnings order

Does the Employer have to follow with the order?

Yes, it is the legal duty of the employer(s). Employers must deduct however much the courts instruct them too from the debtor’s wages. The employer can also deduct a £1.00 administration fee.  A fee can occur every time money is taken from a debtor’s salary. Attachment of earnings can be a cause of awkwardness for many employees once the employer becomes involved in the wages arrestment situation.

Will My Job be at Risk?

It is highly unlikely for your current job to be at risk. However, your employer may mark this as a disciplinary or not look at you as a candidate for further higher-ranked positions within the company. If an Earnings Arrestment does put your job at risk, you can ask your council to put a repayment plan in place. If they agree to this, you can apply to the Sheriff Court for a suspended attachment of earnings order.

How Can I Keep Track of what I need to pay?

Your employer will keep a record of how much is left to clear your bill. They should stop making deductions once the amount is paid in full.

Your wage slip should also tell you how much has been taken for the attachment of earnings order. Remember that your employer can take an extra £1 for each deduction for their administration costs.

We recommend that you keep wage slips as your record of the amount paid. If you need more information about the balance left to pay, please speak to your employer.

What if My Employment Status Changes?

If you change your job, the earning arrestment stops. You will have no earnings for your previous employer to deduct your wages from.

However, your previous employer will most likely be instructed to provide the details of your new employment to the sheriff officers. Your new place of employment will be found in a variety of ways, From your Tax code to your National Insurance number.

The wage arrestment, therefore, can follow you

How Can I Prevent an Earnings Arrestment?

Seeking Debt advice would be the best way to avoid your earnings being arrested. Click Here for FREE financial advice. Find A Debt Expert can provide you with the legal steps you can take email us at

See if you qualify here

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Find a debt expert provide a free service for our clients, however, we may receive a referral fee from your solutions provider.

Credit Card Debt – How to make the debt affordable

Credit Card Debt – The Pro’s

Credit Card Debt affects anyone who owns a card, Once you use the Credit card your account obtains a balance you need to payback. A credit card’s ability to spread the expense of a transaction is one of its main benefits. Goods or services may be bought and not paid for immediately. Which can further increase the financial stability of a customer! This is in contrast to a debit card, where the funds must be in the bank account of a person for a transaction to take place.

Credit cards also provide better security for customers than other payment types. If the products or services cost more than £100. Paying on a credit card for that portion of the transaction means it is protected by Section 75 of the Consumer Credit Act. This law specifies that a credit card company shall be jointly responsible with a merchant in the event of a payment issue. Examples of this may be defective goods or failure to produce a service as defined.

Earnings Arrestments

Credit Card Debt – The Cons

Because credit cards are a form of debt, they can pose risks unless effectively managed. If the balance is not fully repaid each month, interest charges shall be levied. Costs of interest can be much higher than other forms of debt such as a mortgage or personal loans. That may mean that repaying the original balance becomes more difficult as interest costs increase over time.

In some scenarios, credit cards are also of limited usefulness, for example, if an individual requires cash. Interest on cash withdrawals is usually charged using a credit card. There may also be a fee payable on using a credit card cash machine.

Some credit cards also charge extra fees for overseas use. A non-sterling transaction fee is common throughout the credit card industry and applies to any payment other than sterling in a currency. Travel credit cards often have lower international usage fees but may have high-interest rates relative to non-travel credit cards.

Credit Card Debt

How do people get in debt with Credit Cards?

How much of your money is yours and how much you are contributing against your debt has a lot to do with how your debt first got there. We accumulate debt for many reasons. Such as paying for unexpected crises or unemployment. But most often the debt is a product of poor spending habits. Since spending money is costing you money until you spend cash.

Struggling to pay back your debt? We can help!

IF you are struggling to pay back debts to any creditors FindaDebtExpert can help! With our IVA debt solutions, we can help you pay you debts back at an affordable rate. Whilst in an IVA you will be writing a percentage of your debt off. The amount you write off will depend on your situation.

The Pros of an IVA

  • Once your IVA is agreed by all creditors it is officially a legally binding agreement.
  • You’ll come to an agreement with your creditors about what you can afford to pay each month, meaning you have got a single monthly payment – and it may even be a one-off payment.
  • Not only will you be debt-free within 60 days, but an IVA can take as little as 4 weeks to set up.
  • No upfront fees with Milton & Stirling Ltd allows you to save money and you’ll enjoy a faster set-up time.
  • Your monthly payment will always be within your monthly budget.
  • Flexibility. An IVA is a fixed agreement – but if things change out-with your control you can come to a new agreement with Milton & Stirling Ltd and your creditors.
  • Sticking to the terms of an agreement with your creditors means they can never take legal action against you – you’re protected from court proceedings.
  • An IVA is a private agreement between yourself and your creditors meaning there’ll never be publicity in the newspapers or on social media – unlike bankruptcy.
  • Speaking of bankruptcy – an IVA is acceptable in some jobs, whereas with bankruptcy is not.
  • An IVA could safeguard your property.
  • You WON’T be blacklisted forever. Simply complete the arrangement you have in place with your creditors and can borrow money again. With Milton & Stirling Ltd you can count on your credit rating to improve in time.

The Cons of an IVA

  • An IVA WILL affect your credit rating, and usually, for up to a year after the 60-day completion.
  • Your monthly payments need to be at least £80 per month – and you will only qualify if your total unsecured debt is more than £6,000.
  • If you don’t stay on top of your monthly repayments – you could be bankrupted.
  • Your job or career prospects could be at risk as an IVA is a type of insolvency.
  • You may have to remortgage your house – if you’re successful at re-mortgaging you may still have higher interest rates to pay.
  • If your IVA is denied, creditors may backdate interest on your debts.
  • Really high-value assets may have to be downgraded (such as a second home or a luxury car).
  • As an IVA is a form of insolvency it is listed on the Insolvency Service website – which can be accessed by anyone.
  • Not all debts can be included in an IVA, such as fines imposed by the court.

If you think an IVA is for you contact us today on our live chat located on our home page. You can contact us during office hours on . (office hours 09:00 – 20:00 Monday – Thursday, 09:00 – 17:00 Fridays) OR Email us to get started –


See if you qualify here

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Council Tax Discount and arrears

Did you know you could be entitled to council tax discount?

Yes, That is correct. A Council Tax discount is a thing. However, it’s only available to residents of England and Wales. The percentage of the discount varies depending on the situation and circumstances. Council Tax discounts are only available to those regions but only specific people. Want to find out if you’re eligible for a discount? Click Here.

How do I check my Council Tax Discount eligibility?

You can check your eligibility on website or click here

Once you click the link you will be prompted to enter your postcode of residence. Once you have submitted your postcode you will be redirected to your local council’s website. You will then find a quick link to apply for a discount on your council tax.

council tax image of money depicting the advantages and disadvantages of a MAP

If you’re not eligible

Don’t match the criteria for a council tax discount? we may be able to help. If you suffer from any financial difficulties you should contact us for immediate help. have multiple debt solutions if you have over £5,000 you may be eligible to write off up to 75% of your debts which includes council tax.

I can’t pay my Council Tax what should I do?

Firstly, If you know in advanced that you’ll not be able to afford your upcoming council tax payment you should contact your local council immediately. Don’t wait for them to contact you. You should contact your council straight away. Ask to speak to someone in the Council Tax office and inform them of the situation. Ask your council if they’ll let you pay your Council Tax in smaller amounts.

Can I ignore my Council Tax?

NO. It’s important to not ignore Council Tax arrears. In addition to the fact that you accrue it without borrowing, you have to remember every year you get a new bill, so it will continue to grow.

In the end, this can mean that you will be subject 
to debt collection proceedings undertaken by Sheriff Officers or made bankrupt. 
Wherever you own your own house, 
this might mean you might lose it


what happens if I choose to ignore it?

Well if you choose to ignore your council tax arrears you can be subjected to an earnings arrestment, Which means your employer is forced to comply with deducting money from your wages to pay the council tax arrears and any other debt you may have. We have a dedicated blog post for an earnings arrestment here. It is mandatory for your employer to correspond with the arrestment as it is instructed by a CCJ (county court judgement).

Contact us

We understand talking about your debts is almost as difficult as paying them. Thats why we have a dedicated team who are qualified and waiting for your contact. From Monday – Thursday 09:00 – 20:00 (09:00-17:00 Fridays) you can contact them on our live chat here. Those hours are also tied in with our advisors who can assist you See if you qualify here Email us and we will be happy to help.

Earnings Arrestments