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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
Why do we use it?
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for ‘lorem ipsum’ will uncover many web sites still in their infancy. Various versions have evolved over the years, sometimes by accident, sometimes on purpose (injected humour and the like).
Where does it come from?
Contrary to popular belief, Lorem Ipsum is not simply random text. It has roots in a piece of classical Latin literature from 45 BC, making it over 2000 years old. Richard McClintock, a Latin professor at Hampden-Sydney College in Virginia, looked up one of the more obscure Latin words, consectetur, from a Lorem Ipsum passage, and going through the cites of the word in classical literature, discovered the undoubtable source. Lorem Ipsum comes from sections 1.10.32 and 1.10.33 of “de Finibus Bonorum et Malorum” (The Extremes of Good and Evil) by Cicero, written in 45 BC. This book is a treatise on the theory of ethics, very popular during the Renaissance. The first line of Lorem Ipsum, “Lorem ipsum dolor sit amet..”, comes from a line in section 1.10.32.
The standard chunk of Lorem Ipsum used since the 1500s is reproduced below for those interested. Sections 1.10.32 and 1.10.33 from “de Finibus Bonorum et Malorum” by Cicero are also reproduced in their exact original form, accompanied by English versions from the 1914 translation by H. Rackham.
Where can I get some?
There are many variations of passages of Lorem Ipsum available, but the majority have suffered alteration in some form, by injected humour, or randomised words which don’t look even slightly believable. If you are going to use a passage of Lorem Ipsum, you need to be sure there isn’t anything embarrassing hidden in the middle of text. All the Lorem Ipsum generators on the Internet tend to repeat predefined chunks as necessary, making this the first true generator on the Internet. It uses a dictionary of over 200 Latin words, combined with a handful of model sentence structures, to generate Lorem Ipsum which looks reasonable. The generated Lorem Ipsum is therefore always free from repetition, injected humour, or non-characteristic words etc.
An IVA - individual voluntary arrangement is where you take professional debt advice to come to a formal agreement with your creditors to make reduced payments over a set period (normal 5 years) to settle the money you owe. It is often the case that with an IVA - individual voluntary arrangement your creditors will allow you to pay back much less than you actually owe (by as much as 75% in some cases) reducing your debt and allowing you to become debt free without facing bankruptcy.
Before applying for an IVA - individual voluntary arrangement it is worth taking professional debt advice as their may be other more suitable solutions to your debt problems.To qualify for an IVA - individual voluntary arrangement you will normally need to have at least £15,000 worth of debt split between at least 3 creditors and at least £200 a month in disposable income.
Once your debt advisor has established that an IVA - individual voluntary arrangement is the right solution for you they will ask for all of your financial details including the amount of money you owe and your monthly outgoings. They will then pass these to an insolvency practitioner who will prepare your case and will put it forward to the lenders along with an amount which he believes you can afford to pay each month.
If the lenders agree to your IVA - individual voluntary arrangement it will be passed and a formal agreement will be put in place.
Here at Insolvent.org.uk we help hundreds of people each month to put their debt worries behind them. Debt is one of the main causes of stress in the UK and with credit so easy to obtain it is not unusual for people to overspend and find that they owe more than they can afford. So how can we help and what are your main options to settling your debt worries?
We Can Advise You On These Popular Debt Solutions:
1: An IVA - individual voluntary arrangement
We could write off up to 70% of your debt with an IVA reducing your
monthly repayments and leaving you totally free of debt in 5 years.
2: A Debt Management Plan
Could freeze the interest on your debts and extend your repayment terms lowering your monthly repayments to a more manageable amount.
3: Debt Consolidation Loans
Use the equity in your home to consolidate your debts into one single loan taken over a longer period to lower your monthly repayments.
Complete the short form above and we will review your finances and recommend your ideal debt solution, you could be free from your debt worries within hours!
Insolvent.org.uk - The National Debt Organisation:
Debt Solutions In Detail >>>
An IVA - individual voluntary arrangement which can legally reduce your debt by up to 70%.
An IVA - individual voluntary arrangement is one of the most popular options for people in debt as it is a government backed initiative to help people in debt. An IVA lets people who are struggling with debt come to a formal agreement with their creditors to freeze interest on their debts and to formally agree through insolvency practitioner a lower affordable monthly payment.
An IVA - individual voluntary arrangement will normally last for 5 years but after this time you will be completely free of debt. Also once an IVA/Insolvency Plan is put into place creditors are no longer allowed to contact you requesting payment so the worrying letters and phone-calls will stop.
Possibly the most interesting thing about an IVA - individual voluntary arrangement is that our trained IVA - insolvency debt advisers can often negotiate the amount you are required to repay to settle your debt down by up to 75% so you pay back much less than you currently owe. To speak to one of our advisers about reducing your debt click here.
To qualify for an IVA - individual voluntary arrangement you will normally need to have at least £15,000 worth of debt split between at least three creditors and you will normally need at least £200 disposable income each month. While an IVA - individual voluntary arrangement may sound the perfect solution it does have its drawbacks and is not right for everyone - because of this we would always advise that you take free debt advice and let a professional Debt Councillor from Insolvent assess your situation. To speak to one of our expert debt reduction specialists click here.
Debt Managment Plans - a debt manager will negotiate with your creditors to lower your monthly payments.
A debt management plan is an informal alternative to an IVA. Normally a debt advisor will have an informal chat with you to find out more about your financial situation. If they believe that a debt management plan is the right debt solution for you they will take things forward on your behalf.
Debt management plans are often used where and IVA is not suitable and your debts are lower than £15,000 or where you may only have one or two creditors. They are ideal for people who do not wish to take on further credit (a consolidation loan) to refinance their existing debts and if managed correctly can substantially lower your monthly outgoings.
To start a debt plan your debt advisor will draw up a financial statement which includes your income and outgoings, this is used to asses how much you can afford to pay your creditors each month. They will then attempt to negotiate a lower monthly payment with your creditors and will also ask that where possible interest be frozen on your accounts to stop your credit problems from worsening.
As with an IVA their are certain points to a debt management plan that won’t suit everyone and we always recommend that you take free professional advice before deciding which is the right debt solution to manage your debts. To speak for free and in confidence to one of the debt advisors here at Insolvent about your debt worries please click here.
Consolidation Loans - these allow you to put all your debts into one loan with lower monthly repayments.
Consolidation loans allow you to borrow enough money from a single lender to repay all of your other creditors, this gives you one more manageable monthly payment and will normally allow you to spead the payments over a longer period to lower the monthly repayment.
We often find that people are reluctant to take a further loan as they believe that this will make the problem worse, our debt advisors will run through the pro’s and cons of all of the available debt solutions with you to help you make the right decision.
Consolidation loans are often more suitable for homeowners with equity in their homes as lenders are often willing to offer lower rates and longer repayment periods to people if they can secure the loan on their property, again this soluition will not suit everyone and their are cases (such as serial consolidators who repeatedly take consolidate larger amounts of debt including previous consolidation loans) where we would advise against further loans. To speak to one of our free debt advisors about making a clear start click here.