DEBT MANAGEMENT
Stopped opening your Mail?Credit Card interest rates increasing?
Can't see a way out?
We can help you -
- Gain financial freedom
- Achieve spare money at end of month!
- Reduce your stress!
- Stop Bill worries
- Give you a Free Debt consultation
- Negotiate with your creditors
Free pdf Guide "Dealing with your Creditors"
If your total unsecured Debts are over £1,800 and less than £15,000-
A Debt Management Programme serves as a means for you to start prioritising your debts and regain control. It allows you to pay your household bills first (mortgage, gas, electricity, council tax etc...) then offer a reduced payment to your unsecured creditors (personal loans, credit cards etc...)Debt Management is designed so you will pay back what you can afford to the creditor on a monthly basis and not what the creditor requests.
We can help you manage your debt and agree a repayment plan which fits within your budget.
Negotiation- will negotiate with your creditors to agree a plan and whilst we cannot guarantee that they will accept it, we can usually achieve an agreeable plan for you.
Interest and charges -we cannot guarantee to get interest and charges frozen, however we will work with your creditors on your behalf to achieve the best debt repayment plan for you.
Monthly or weekly payment - made at the most convenient time for you (e.g. just after you have been paid), which allows us to pay all of your unsecured creditors for you, so that you have the peace of mind that your creditors have received the agreed payment.
(IVA)
If your unsecured Debts are over £15,000-
Reduce your Debts by up to 60%
Our solution providers will arrange a meeting with your creditors (you may not need to be present) and a solution is offered to them. An Individual Voluntary Arrangement is a legal agreement where you agree to pay back your creditors as much as you can afford.
An Insolvency Practitioner will negotiate with your creditors to find an affordable amount that you can pay back and set up an Individual Voluntary Arrangement accordingly.
An IVA will normally last for 5 years, after which time, provided the agreement has been adhered to, your debt is then clear
(CVA)
A Company Voluntary Arrangement (CVA) is an arrangement between the insolvency company and the creditors. Although a company may be struggling, it allows a viable company to repay some if not all of its debts out of ongoing profits over an agreed period of time. CVA’s can only be proposed if the company is insolvent. The CVA requires 75% of the creditor vote to approve before the CVA is approved. Once approved, all creditors must adhere to the terms of the CVA regardless of whether they voted or not and allows directors to maintain control of the company. A CVA aims to serve the best interests of the creditors while allowing the company to continue trading and to keep the work force in employment.
Protected Trust Deed (Scotland)
Under Scottish Law you may qualify for a Protected Trust Deed. The Trust Deed is a legally binding agreement that provides a way to repay your debts. If you do qualify, you could write off up to 90% of the debt and pay the remainder in 36 affordable monthly instalments.
Similar to the IVA a Protected Trust Deed is supervised by a licensed Insolvency Practitioner, who is responsible for negotiations with your creditors and ensuring you keep to the terms of the Trust Deed.
Is this right for you?
Full & Final Settlement-
This allows you to repay your unsecured debt at an amount which is lower than the total balance outstanding. Our trained service providers will negotiate the settlement of the debts to ensure you are paying back the minimum amount possible. This may be used in conjunction with a remortgage or a secured loan application where we will have negotiated the settlement figure before the mortgage or secured loan is offered.
Full & Final Settlement can be used in any case where there's unsecured debt to be repaid.
Advantages of Bankruptcy
Bankruptcy is sometimes the best solution to enable you to make a fresh start. Only used as a last resort our team of trained providers are able to assist clients with this difficult but sometimes essential solution.
Disadvantages of Bankruptcy
- You will not be able to obtain credit for more than £500 without permission
- You lose control of your assets eg. car
- You cannot trade in any business under any other name unless you inform all parties concerned of your bankruptcy
- Your credit record will be affected for up to six years after annulment
Mortgages
We
offer the Residential and Business customers a choice of market
leading mortgage rates for all types of property and with a variety
of interest options. We have an established relationship with key
Providers who will offer you market leading Purchase or Remortgage
products including Buy to Let.
Exclusive
deals not available elsewhere in the market.
Loans
Competitive
Secured and unsecured personal Loans are available from the whole
industry marketplace with exclusive rates available for adverse
credit clients
You may or may not know whether Debt Management, IVA or Bankruptcy is the right option for you, you may need a Mortgage or Loan review so call us and we will explain your options to you in a non judgmental and sympathetic way and hopefully put you on the road to a debt-free life.
Please call 0844 589 0715 for your free Debt consultation.
Home About us Contact us
