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Establsihed in 1998 this website has helped thousands of individuals who have visited this site looking for a debt solution and someone to help them with clear information and speedy and direct assistance. We hope that you are able to find what you are looking for and always welcome your comments on how we can improve our services that we offer.
There is a general rule of thumb for anyone who is experiencing difficulties in either their financial or their trading position.
1. Do Nothing
This is usually an option if you feel that your circumstances may well change for the better fairly soon and you don't want to enter into an arrangement that could be costly if only to hoild your creditors back for a limited period of time.
2.Consider Bankruptcy
Often Bankruptcy is the fastest and cheapest way out of debt. Bankruptcy should be considered if you have no assets to protect, live in rented accommodation or mortgaged property in negative equity, and are in employment that will not be effected by a bankruptcy order.Please contact one of our consultants if you are in the armed forces or work inside the Police Force or Emergency Services and we can go through your options specifically for your circumstances as your position may be effected, and we would need to establish this by talking to you before any decisions are made.
3.Consider an IVA (Individual Voluntary arrangement)
An IVA should only be considered if you have assets to protect. It may be that you have special reasons for not wanting to go bankrupt in which case and IVA is a suitable debt solution to consider.
4.Consider a Debt management programme.
You may like trhe idea of a Debt management company handling your creditors for you. With one monthly payment to be made they will write to all of your creditors requestring that interest is frozen on your accounts and all you have to do is make one monthly payment to the debt management company and they will distribute the payments to your creditors. You have access by telephone to your Debt Management company and do not have to wait to see someone. There is a ,high level of anonymity of a telephone service run by a Debt management company. This relieves you from really having to do any work with your creditors and means that the Debt Management company will liase with your creditors throught the Debt management plan.
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