Debt problems? Help and advice are available
Losing your job, having a baby, divorce or separating from a partner, sickness or bereavement all of these things can make it very difficult to manage a budget. You can fall behind with your rent or mortgage payments and other bills mount up. Soon you can find yourself juggling payments and in debt.
The good news is there are many options both government backed and independent to help relieve the stress and worry of your debt, plus, if you qualify for an IVA, you could clear a very large portion of your unsecured debt. In many cases as much as 75%!
If you are concerned about your debts, try not to worry but do not ignore your problem.
There is help for both homeowners and tenants who have total unsecured debts of £2,000 or more, less mortgage and/or secured loans payments.
Complete the enquiry form and one of our advisors will call to discuss options available to you. 24 Hour response guaranteed.
Complete the enquiry form and one of our advisors will call to discuss options available to you. 24 Hour response guaranteed.
- Write Off Up To 75% of Your Debts
- Only Pay What You Can Afford
- Reduce or Freeze Interest and Charges
- One Single Affordable Monthly Payment
- Protection From Creditors
- Expert and Impartial Advice
- A Dedicated Point of Contact
Information on IVA's, the criteria, the process, plus the benefits. More...
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Information on Bankruptcy, the process, plus the pros and cons. More...
Information on Trust Deeds, the process, plus the benefits. More...
Below is a recent case showing how much you can reduce your payments with an IVA.
Mr & Mrs Arnold were paying £1356 per month to their unsecured creditors. They owed a total of £47,563 unsecured which consisted of 3 personal loans, 6 credit cards and 2 store cards as well as 2 overdrafts. Their combined monthly income was £2,345. After they paid their rent, council tax and monthly bills they were left with £1,000 to pay the creditors. This was not enough and they soon found themselves in a financial predicament.
They now have a formal arrangement with their creditors under an IVA. We gained approval to significantly reduce their monthly contractual repayments and they now pay £341 per month. They will pay this for 60 months and after that the remaining debt will be legally written off through government legislation.
Client Name: Mr & Mrs Arnold
Town: Littlehampton, West Sussex
Description:
Mr & Mrs Arnold were paying £1356 per month to their unsecured creditors. They owed a total of £47,563 unsecured which consisted of 3 personal loans, 6 credit cards and 2 store cards as well as 2 overdrafts. Their combined monthly income was £2,345. After they paid their rent, council tax and monthly bills they were left with £1,000 to pay the creditors. This was not enough and they soon found themselves in a financial predicament.
They now have a formal arrangement with their creditors under an IVA. We gained approval to significantly reduce their monthly contractual repayments and they now pay £341 per month. They will pay this for 60 months and after that the remaining debt will be legally written off through government legislation.