Do you sometimes feel like you are living under a financial black cloud, and all it ever seems to do is rain bills? If so, then you may need the services of a reputable Debt Management Company.
If you are having difficulty making the monthly repayments on your unsecured personal loans, credit and store card accounts, catalogues and everything else then you could be in serious financial difficulty and it is better to act now, and seek help from a specialist Debt Management Company. If you would like to speak to one of our advisers, call the number at the top of this page now.
Which Debt Management Company?
There are many organisations that can give you advice about your debt problems. The companies that we would recommend are Hamilton Locke, Chiltern and The Debt People. These organisations are amongst the most highly regarded in the industry, and have many years of experience in dealing with serious financial problems. They have helped tens of thousands of UK consumers, that have been having difficulty with their finances, to put an end to their debt problems. Chiltern has received official recognition from The Office of Fair Trading, for its business practices, through its membership of the trade body DEMSA.
From Problems to Solutions
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 information, click on this debt advice link.
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 (usually five years) and once you have completed your IVA, any remaining debt will be written off. For more information, click on this IVA advice link.
Trust Deed – A Trust Deed is 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 information, click on this trust deed link.
If you would like help from a Debt Management Company, then please call the number at the top of this page.