Debt Management Company

Home

How it Works

FAQs

Contact Us

Reduce your debts quickly
Protect your family
No more embarassing phone calls
Protection from your creditors
No more threatening letters

First Name:*

Last Name:*

Post Code:*

Home Phone:*

Mobile/Work Phone:*

Email Address:*

Best Time To Contact:*

Monthly Net Income:*

Monthly Expenses:*

Nature of Income:*

Residency Status:*

Number of Debts:*

Total Amount Owed:*
(excluding mortgages and/or secured loans)

Fill out our no obligation form today
and you could soon be seeing
a brighter future too.

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.

Why Do You Need Debt Management?

Today, people who are facing debt problems are seriously increasing. With the threat of increased interest rates from banks, more and more people will be having a difficult time settling their debts.

If you are one of these people, then you should consider taking in the services of a debt management company before it’s too late. It can provide you with debt specialists who will be able to guide and advise you on what to do next. Aside from this it can reduce your monthly outgoings and stop the harassing phone calls you receive.

Dealing with Debt

There are only two ways for you to deal with debt. It’s either you increase your income or reduce your spending. If you can bring in more money, that’s fantastic. You can do this through the following suggestions:

1. Sell any unwanted items in your house to get extra income.
2. Work additional hours or maybe take on any part time job for the meantime.
3. Pay your tax correctly and claim any tax relief that may be due to you.
4. Claim full entitlement on your tax credits or social security benefits.

At the same time, you might want to reduce your spending. Here are some ways for you to do that:

1. Find ways on how you can save on the contract of your mobile phone.
2. See if you can get additional savings in petrol from the car you drive.
3. Maybe you can delay buying a lot of brand new clothes for this season.
4. Try to scrutinize possible savings in the food that you buy or the supermarket where you shop.

The key here is to write everything down on paper. This will give you a quick summary of how you get your money and where it goes. A debt management company finance specialist will be able to help you in this aspect.

Debt Management vs. Consolidation

When you talk about debt consolidation, it means that you will take out a new loan which is large enough to pay all your existing debts such as overdrafts, personal loans, credit cards, and the like. Sure, this could be a good step in controlling your finances.

In practice however, consolidation may not really reduce your debt but only your monthly repayments. Whilst it would take pressure off on a short term, you will likely pay more interest long term before you clear your debt. Debt management on the other hand, means that you are handling your debt over to a debt management company who will negotiate to freeze interest, cancel past charges or fees, and lower you repayments. It may be a better choice for you. GP

Home Contact Us Sitemap Terms Privacy