Debt Management Services

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

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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.

Get Some Breathing Space from Debt

Millions of people living in UK are now trapped in their own financial crisis because of excessive expenses. Common debts include loans, medical bills, utilities, and credit card bills.

If you are one of these but you are now willing to get your normal financial life back, you can avail of debt management services to consolidate your unsecured debts. This will turn out to be easier to manage for you, as creditors will be very much willing to work with this professional approach to any debt problem.

Pros and Cons

To guide you through this process, here are some pros and cons that will help you evaluate if this type of debt settlement is right for you:

Pros

1. Your creditors might freeze your debt charges and interests.
2. There will be a professional person who will negotiate with your creditors on your behalf.
3. This can provide the necessary relief from your associated stress due to unmanageable debt levels.
4. Going through the process will give a sign to your creditors that you are willing to resolve your debts.
5. Your credit rating will not hurt as much as when applying other debt solutions such as IVA or bankruptcy.

Cons

1. Unlike IVA, the debt management agreement is not legally binding.
2. The truth is that, your creditors are not really obliged to agree in freezing your charges and interests.
3. Since you are paying lower monthly payments, your repayment period will take much longer.
4. There might be some effect in your credit rating.
5. At any point in time, your creditors can try to recover the money you owe them by raising legal action against you.

Nevertheless, debt management services can provide you with a little breathing space to take time out from your overwhelming debt and sort your financial situation.

Strategic Debt Relief

If all goes well, you will be able to see an improvement with your debt in just 12-15 months. Therefore, within 3-5 years, you might be completely out of debt and your credit rating might be totally repaired.

Usually, this program will continue to provide you service until you clear all your debts. Simplifying your life by paying one amount on one monthly due date can ultimately reduce your anxiety and stress.

In addition, your debt counselor might teach you ways on how you can avoid future debt and effectively manage your finances from now on. With all these help and available tools from debt management services , you will be able to look at your future with a bright smile again. GP

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