Are you having sleepless nights worried about your finances? Do you feel like you’re buried under an avalanche of bills, with no way out? Are you having difficulty keeping on top of your monthly payments? If the answer to these questions is yes, then you could be in serious financial difficulty and you should seek debt management advice now.
The companies that we recommend are Chiltern, The Debt People and Hamilton Locke – they all give free debt management advice. These organisations have helped hundreds of thousands of indebted consumers, over many years, to take control of their debts. They are amongst the most highly regarded companies in the UK, and they will be able to guide you through your debt problems, and find the right solution that will allow you to get on with your life again. For immediate debt management advice, call the freephone number at the top of this page.
Debt management advice and options
Individual Voluntary Arrangement (IVA) – An IVA is a legal arrangement, supervised by a qualified Insolvency Practitioner (IP). It is similar to a DMP, in that all of your unsecured debts will be included in the arrangement. We will analyse your income and expenditure and calculate how much you can afford to pay into your IVA each month. The arrangement will be over a fixed period (this is usually five years) and once you have completed your IVA, any remaining debt will be written off. For more details on this service, click on this IVA advice link.
Debt Management Plans (DMP) – All of your unsecured debts are gathered together, and consolidated into one affordable monthly payment, without having to take out another loan. We will negotiate reduced payments with your creditors and request that interest and charges are frozen. You simply make your monthly payment to us and we will deal with all other matters, with your creditors, including correspondence and phone calls. For more details on this service, click on this debt advice link.
Trust Deed – Trust Deeds are only available to residents of Scotland, like an IVA a Trust Deed is a legally binding agreement between you and your creditors. A Trust Deed can only be set up by a licensed Insolvency Practitioner (IP). In most cases your creditors will agree to freeze interest charges and to write off whatever unsecured debts you still owe at the end of the term. Once the Trust Deed is in place you will be legally protected against any action by your creditors and therefore avoid bankruptcy or further legal action as long as you maintain regular payments for a fixed period of time (usually three years). For more details on this service, click on this trust deed link.
For immediate debt management advice, or for more information on the different solutions that are available to you, please call the freephone number at the top of this page.
