Financial - Jargon Buster
Visiting financial based websites can present you with a minefield of phrases and terminology that you are unfamiliar with. This article aims to help you understand some of the most common financial terminology and also how Positive Funding Solutions can offer assistance.
Bankruptcy Petitions
The effect of a bankruptcy on any individual who has realizable assets is catastrophic, it will mean the appointment of a trustee in bankruptcy to oversee the realization of all your assets, Positive Funding can help in a number of ways if you have been served with a bankruptcy petition and you have sufficient equity in your property to repay these debts Positive Funding could pay of the bankruptcy petition in full before the bankruptcy order has been issued by the court, this will save all concerned many thousands of pounds and problems that a bankruptcy will cause.
Adverse Credit
Positive Funding understand that financial problems can create great hardship for people in many cases CCJs, defaults and arrears can cause problems when seeking financial assistance, the directors of Positive Funding take an individual view of all financial circumstances and welcome application from all irrelevant of there credit history.
If the bankruptcy order has been made and a trustee in bankruptcy has been appointed, we would be happy to negotiate a settlement with the trustee on your behalf in order for them to return the equitable interest that they hold in trust back to you, if this is not done then your trustee in bankruptcy has a duty to your creditors to sell the property.
IVA’s Settlement
Bridging loans to help with IVA settlements. IVA’S (individual voluntary arrangement) An IVA is conducted and supervised by a professional insolvency firm, who will agree a fixed sum over a number of year’s payable monthly to discharge your liabilities or a percentage of your liabilities directly with your creditors, This process if conducted properly is an alternative to Bankruptcy, however in many cases the supervisor of the arrangement will place a restriction over your home so that at a later date he may approach you to either sell or re-mortgage your home, to provide additional monies for your IVA .
In some case’s the supervisor of your IVA may accept a reduced offer in full and final settlement of the arrangement, so saving any future fees and the monthly payment. Positive Funding have settled many IVA’s early and saved clients many thousands of pound, and would undertake the negotiations on your behalf.
Bridging Finance
Conventional bridging loans that bridge the gap between the sale of your existing property and the purchase of your new home or premises if the sale has broken down for any reason don’t lose the opportunity to move Positive Funding can provide both open and closed bridging finance agreements to facilitate your move.
We are one of the leading providers of bridging finance in the UK, and those who apply for bridging finance using our services can look forward to receiving some of the most competitive bringing finance quotes to be found anywhere. Whether you are self-employed or have a bad credit history, or your credit rating is of an exemplary nature, we will give you a bridging finance quote based on your particular circumstances which can be used for any purpose imaginable. At Positive Funding, we can provide bridging finance packages both for personal or commercial use and we are able to offer some of the best rates in business. Provided that the information you give us when applying for a bridging loan online through us is completely accurate, you could have the bridging finance you require in less twenty four hours.
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Tags: Bridging Loans
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