Debt Solutions
DEBT SOLUTIONS IN LONDON AND NATIONWIDE
We aim to offer you debt solutions to assist you through the life of your debt problems. We will introduce you to our panel of debt management plan practitioners to ensure you benefit from solid debt advice.
We will discuss your total amount of debt and expect you to be honest so we can be sure we will ethically ensure that your remaining income after paying all your priority payments leaves you with an affordable amount to fund a relevant debt solution....we do not want you to have a debt management plan that causes more debt problems.
Debt Management Plan by phone or Apply on Line
If you have credit card debt or unsecured loan debts such as personal loans, hire purchase balances, store card debts, catalogue debts or any other unsecured (non mortgage) debt and have a disposable income balance of at least £100 after paying priority expenses we may be able to offer a debt management plan (DMP).
A Debt Management Plan may help in the short to medium term to sort out your debt problems if you are over 18 years of age, tenant or home owner, or live with parents. If you have 2 or more debts exceeding £3000 in total
With 2 or more lenders we will negotiate with your lenders to assist with this debt management plan. We will ensure you can afford the monthly payment after discussing your income and expenditure each month.
The monthly payments can start from £100 per month but are dependant on your level of debt and monthly income and that your lenders will accept the proposal. A debt management plan can help with debt
By reducing your monthly payments to what you can afford at the present time.
Your debts will not be written off so you will have to pay in full but as mentioned it will be an amount you can realistically afford. This is an informal debt solution with manageable monthly payments and may be suitable for paying credit card debts which are out of control but you will be advised during the application process.
This should stop lenders phoning and assist with getting your life under control again.
IVA Plan Contact by phone or Apply on Line
If you have unsecured debts exceeding £15000 with 2 or more lenders we may be able to arrange an IVA Plan (Individual Voluntary Arrangement) debt management solution.
Most IVA Plan payments start at about £250 per month as a guide. An IVA Plan may protect you from Bankruptcy
This could clear credit card, loan, other unsecured debt and reduce your total debt by up to 70%.Please be aware of companies stating that they can clear up to 90% as this rarely happens as lenders expect some return .You should also be aware that some companies charge up front fees of up to £2000 to set up an application. Do not pay up front fees as you may loose your fee if the application is rejected.
Please be aware of charitable companies as nothing is free and they will be working for your lenders interests and not your own. Your debts need to be reduced not increased!
An IVA Plan is a formal arrangement and our partner debt practitioners will assist with your application. An IVA Plan allows you to pay up to 60 monthly agreed payments to clear an agreed amount of your total debt and the balance will be written off so you end up debt free. You may clear the IVA Plan with a lump sum or partial lump sums if you have savings or a redundancy payment to use.
An IVA Plan is suitable if you are over 18 years of age and you can be a tenant, live with parents or be a home owner. Your assets are protected such as your home if you have a mortgage or own it out right, you will be advised during the IVA Plan application process.
An income and expenditure assessment will be discussed with you to ensure you can afford the monthly payment for your IVA Plan but you may find this as a suitable means of clearing debt. You would not have to discuss this with your lenders as this will be done for you at all times. The stress is removed so you can concentrate on your life again.