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A Real Life example of how our services changed
one customer's life for the better...

Mr A. of Guildford contacted us in October 2006. He was at his wit's end. Having purchased his home earlier that year, he had no equity to borrow against, and the mounting costs of his new home and supporting his wife and two young children had quickly put him £50,000 into debt.

His monthly minimum payments were over £900, and even at this level he was only repaying the interest each month - the original debt was not even reducing. After his mortgage and these payments, there was barely enough left for his family to live on.

Gradually things got worse. Mr. A. started to miss payments on his credit cards and mortgage - his wife was concerned that they were going to have their beautiful new home repossessed by the building society. She saw one of our adverts and begged him to take action before it was too late.

Our professional qualified advisors arranged an Individual Voluntary Arrangement (IVA) for Mr.A which meant that his debts could be repaid at £325.83 per month, payable over 5 years. Now he will repay a total of £19,549.80, instead of the £50,000 plus interest that he owed. Over the 5 years, that's a saving of over £84,000! Yes, just by talking to us, Mr. A saved over eighty four thousand pounds.

Mr. A and his family are now more relaxed and confident that they have enough money to pay their mortgage and enjoy the good things in life. And best of all, in 5 years, they will be 100% debt free.

Escape the Embarrassment of Filing for Bankruptcy

Majority of people today are filing bankruptcy due to desperation in the face of their sky high credit card debts. With high late payment fees and exorbitant interest rates, no wonder people are being pushed to the brink of frustration.

If you are in this predicament and you think that bankruptcy is the only solution to your hopeless situation, you better think twice. Bankruptcy has a long-term negative effect on your financial standing and credit rating. It will also require a huge amount of effort and time before you can remove this negative stain from your personal record.

Debt Relief Methods

There are three popular methods of debt relief: bankruptcy, consumer credit counseling, and loan consolidation. As mentioned, bankruptcy is very destructive. It should be the last option to consider if loan consolidation and consumer credit counseling did not work.

On the other hand, consolidation loans are generally advantageous to you. You could either avail of a secured or unsecured loan. Secured loans have the lowest interest because it is secured by collateral (either your house or any asset you have).

Unsecured loans have a slightly higher interest rate compared to secured loans. However, it’s better to take these loans instead of doing nothing to solve your credit card debts. For instance, if your current rates are at 20% and your new consolidation loan is at 15%, you can still save money on the reduction.

Debt Counseling

But before you choose a solution, it would be best to consult a financial expert who can examine your situation and offer expert advice. Any modest fee that you will pay for this service will be worth it. Actually, you can also take advantage of several companies offering free counseling.

Also, the most prestigious companies definitely have a website of their own. Check out their services and facilities before you sign up with them.

Maybe they have an online calculator where you can compute your monthly repayment. You can even find out the loan period required in order to pay for the loan in full. Just enter your total debts, monthly income, and other details required by the company. Then, the online calculator will give you an estimate on the amount of money you can save if you continue with the consolidation loan.

The best way for you to find a good company is to browse the internet. There are plenty of companies online that can save you money, energy, and time. So indeed, bankruptcy is not the only option that you could take to relieve yourself from credit card debts . GP

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