Debt Advice

We specialise in helping people worried about their debts. In today's financial climate the amount of people seeking debt help has escalated. Our best advice would be not to panic about debt problems as there are solutions to help but also not to ignore them as they will not go away.

Many people struggle on, trying to sort out their problems by getting more credit - or trying to deal with their creditors themselves - this could only make your situation worse.

We can give you free confidential advice and if required help to determine solutions to your debt problems; this could be a simple Debt Management Plan, Debt Consolidation, an IVA or in some extreme cases Bankruptcy.

This is an arrangement with your creditors (people you owe money to) to pay back the debt by regular instalments with interest and charges requested to be frozen.

After establishing a monthly amount you can afford to pay towards your debts, we will negotiate with the creditors to accept this new payment and to stop interest and charges. We will also ask the creditors to deal directly with us.

DEBT CONSOLIDATION - WITH A LOAN

A debt consolidation loan takes the of debts that you owe, and consolidates them into one affordable monthly payment instead of the several you had been making thus far. Also, since the debt consolidation loan can be paid off over a longer time period, your individual monthly instalments would also naturally be smaller in size and easier to manage with one monthly payment.

DEBT CONSOLIDATION - WITHOUT A LOAN

We can provide debt consolidation programs for those who are struggling with their debts, this could be mortgage repayments, credit card debt, or other loan repayments. Our debt consolidation program does not involve taking out a loan, instead with your permission we will deal with all of your credit commitments for one affordable monthly payment.

This is a legally-binding agreement and stops all creditors included in the IVA from taking any further action against you, assuming that you comply with your obligations.

All charges and interest will also be frozen on your accounts. In many circumstances upto 75% of debt can be written off. Suitable for people with debts over £15,000.

Once a bankruptcy order has been made against you, you will no longer have any control of assets you hold. Bankruptcy is publicly advertised and so can be distressing.

This option is worst case scenario and should only be entered into if no other options are available.

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