How We Can Help With Personal Debt
Our team of debt experts help hundreds people with debt each year. We can help you with a debt plan that will reduce or write off your debt, or simply give you some temporary breathing space.
Calls and letters from credit companies
Bailiffs
If a bailiff is calling at your home, we can tell you what to do. Call us immediately. We may be able to speak with them for you and delay any legal action.
Court and CCJs
If you have been sent a letter warning you about a CCJ, or a debt that you owe has been taken to the courts, we can help. We can tell you the next steps to take and help you avoid further charges.
Payday Loans
Payday loans can spiral out of control very quickly. If you can’t repay your payday loan on time, we can help you to deal with the Payday lender. If you are thinking about taking out a Payday loan, it may be that a debt plan could help your situation in a better way.
Mortgage Arrears
If you are struggling with debt, your mortgage is a priority debt. This means that you should pay this before your other debts, so that you can stay in your home. If you have missed a mortgage payment, contact us. We can help you to look at your finances and see if a debt plan can help, so that you do not miss any more payments. We may be able to speak to you mortgage lender for you.
Rent Arrears and Landlords
Like a mortgage, rent is a priority debt. If you are having money problems, you should always try to pay your rent first, before your other bills. If you have missed a rent payment and you don’t know what to do, call us. We can help you to work out your finances so you don’t fall further behind with rent and we may be able to speak to your landlord for you.
Repossession
If you’re worried about your home being repossessed, get in touch. We may be able to step in and help you to organise your finances, so that your home is protected. Your home can be repossessed if you have missed your mortgage payments, of if you have missed payments on loans that are secured on your home.
Bankruptcy
If you have debt problems, you may be thinking about bankruptcy. Bankruptcy can be a very good way to start over with your finances. However, it is a serious matter and you should seek expert advice. Not all debts can be written off with bankruptcy and you may lose your home. There are other debt solutions out there that might be more suitable for you.
Reducing Monthly Payments
If you finding it hard to pay all of your bills each month, we may be able to help. You may be suitable for a debt plan that reduces the amount you pay off your debt each month. This can be a temporary fix until you are back on your feet, but we also have longer term plans available.
Writing Off Debt
If you can’t pay all of your bills each month, a better solution for everyone might be a plan that writes off some of your debt. This means that you pay what you can afford, and the credit companies still receive some money.
Full and Final Settlements
Sometimes, a friend or family member is willing to help you with a lump sum to pay off your debt. Or if you are having problems paying back your debt, but have a redundancy payout, for example, you may be able to use this to pay back some of your total debt in one go. In return, the rest of your debt is written off. It is important that this is handled correctly, so that everybody receives a fair and ‘proportionate’ share. We can show you how to work this out and offer you free letter templates.
IVAs
If you need help, Individual Voluntary Arrangement. If you cannot pay all of your bills each month, you may be suitable for an IVA. An IVA reduces your repayments each month for a set amount of time, and then anything unpaid is written off. We speak to your creditors for you, make them an offer and look after your plan for the entire ‘IVA term’, which is usually five years. You make one payment to us each month, and we pay the people you owe money to.
Debt Management Plans
If you need some breathing space to get back on your feet, we may be able to help you with a Debt Management PlanDebt Management Plan (DMP). A DMP reduces your monthly repayments, until you are in a better position to pick them back up again.
