DEBT SOLUTIONS
DEBT SOLUTIONS - PAY ONLY WHAT YOU CAN AFFORD!
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THERE ARE MANY DIFFERENT TYPES OF DEBT SOLUTIONS THAT ARE AVAILABLE TO YOU - MOST OF THESE ARE A SENSIBLE OPTION TO REGAIN CONTROL OF YOUR FINANCES. SOME OF THE OPTIONS ARE EXTREME AND MUST BE ENTERED INTO WITH THE APPROPRIATE HELP AND GUIDANCE. YOU MUST USE THE ONE WHICH IS MOST SUITABLE TO YOUR SITUATION.
CONSOLIDATION LOANS
INFORMAL ARRANGEMENT
AN INFORMAL ARRANGEMENT IS AN ARRANGEMENT IS SET BETWEEN YOURSELF AND YOUR CREDITOR/CREDITORS. A REDUCED MONTHLY PAYMENT IS MADE TO YOUR CREDITORS, BY WAY OF A MUTUAL AGREEMENT WHICH HAS TAKEN INTO CONSIDERATION YOUR INCOME AND EXPENDITURE. ON AN INFORMAL ARRANGEMENT YOU COULD PAY BACK WHAT YOU OWE OVER 60 MONTHS.
CONSOLIDATING YOUR EXISTING DEBTS INVOLVES TAKING OUT A FURTHER CREDIT AGREEMENT WHICH COMBINES ALL YOUR DEBT INTO ONE AND CAN REDUCE YOUR MONTHLY PAYMENTS. THE CONSOLIDATING COMPANIES CAN DO THIS AS THE DEBT IS SPREAD OVER A LONGER PERIOD.
IVA'S
BANKRUPTCY
THIS PROCESS IS MADE THROUGH YOUR LOCAL COUNTY COURT. THERE IS A FEE PAYABLE TO BECOME BANKRUPT, THIS WILL BE DETAILED WHEN YOU GO TO YOUR LOCAL COUNTY COURT. THIS IS A LAST RESORT FOR MOST PEOPLE AS ANY ASSETS SUCH AS YOUR HOUSE, MAYBE EVEN YOUR CAR WILL BE TAKEN IN THE BANKRUPTCY. THIS WILL AFFECT YOUR CREDIT IN THE FUTURE.
OR - INDIVIDUAL VOLUNTARY ARRANGEMENT. THIS ARRANGEMENT - IF YOUR CIRCUMSTANCES MEET THE CURRENT CRITERIA - WILL ENABLE YOU TO PAY OFF YOUR DEBTS OVER A SET 5 YEAR PERIOD AND CAN WRITE OFF UP TO 75% OF THE DEBT THAT YOU OWE. THERE IS A FEE INVOLVED IN THIS BUT THE OUTCOME IS GENERALLY THAT YOU DO NOT PAY BACK ALL THAT YOU OWE. YOU WILL BE PAYING BACK A REDUCE AMOUNT SET OVER A 5 YEAR TERM.
THESE ARE DETAILED FURTHER IN OUR SELF-HELP GUIDE.
WE ARE ENTIRELY INDEPENDENT FROM FINANCIAL GROUPS.
WE DO NOT PASS ON ANY INFORMATION TO THIRD PARTIES UNLESS AUTHORISED BY YOURSELF. ALL CONTACT INFORMATION IS CONFIDENTIAL.