Debt Service

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.

Is a Debt Consolidation Loan The Cure-All for All Your Debt Problems?

Falling into debt is not the question. Even the people from the higher strata of society have fallen into debt at one point in their lives. The big questions once you fall into debt are: Can you manage to pay off all your debts on time? Will you be able to pay your debts at all? Is there a workable solution if you should default and fall behind your payments?

If you are up to your eyeballs in debt, you will probably need the help of a debt service provider to bring down your monthly payments and eventually free you from your money problems.

A debt consolidation agency will set up an arrangement with your creditors to bundle up your multiple debts into a single package with a smaller interest rate. Debt consolidation plans are made in such a way to get you out of debt in the quickest and most affordable means possible. It is a type of debt settlement that can lower your interest rates and cancel your late fees. Instead of paying multiple creditors, you only make a single payment every month.

When a debt reduction service provider gives you the green light for a debt consolidation loan, all your debt payments will be bundled into a single and affordable monthly payment. This monthly payment is then divided and distributed to all your creditors. All you need to make is a single low-interest monthly payment instead of making several high interest payments at the same time. A debt consolidation agency is the most practical debt service to get you out of debt to avoid bankruptcy and expensive legal proceedings.

Because it is a secured loan, you will have to put up security when applying for debt consolidation. Securities will depend upon the loan amount you are applying for from your creditor. Creditors and other lending agencies act favourably on debt consolidation loans because, by putting up something valuable as collateral, borrowers are conveying a positive signal that they intend to fully settle their debts.

However, not all debt reduction service providers are trustworthy and reliable. Getting scammed by unscrupulous provider may place you in a more direful financial situation than you were before.

Practise extreme care and employ due diligence before deciding to sign up with your chosen company. There are plenty of online resources where you can check out a debt service company’s profile and reliability rating.

Probably, the best rule of thumb to stay out of debt is never to get into any credit agreement that you cannot afford to pay eventually. Draw up a viable financial road map and stay on the path. Manage your finances wisely and there won’t be a need for a debt management service at all. GP

Home Contact Us Sitemap Terms Privacy