Legally Write Off debt, Stop Bailiffs, Freeze Interest and charges

Join thousands of others who have taken control of their debt with either an informal or formal debt solution.

If you have £3000 or more of debt, more than 1 creditor and you can’t pay what they are harassing you to pay, there is a company who will help put a stop to the calls, letters and threats of legal action.

The bills are piling up and the interest on your credit accounts is rapidly increasing. You cannot afford your contractual monthly payments or the monthly payments being requested on debts such as –

Credit Cards 
Aqua, Vanquis, MBNA, Capital 1, Barclaycard, Tesco, HSBC etc

 

Personal Loans
Provident, 118118 Money, Lloyds, Barclays, HSBC, Halifax, Natwest etc), Payday Loans (Indigo Michael, Safetynet Credit, Piggy Bank, 247 Moneybox, Satsuma, Quick Quid, Mr Lender, PoundstoPocket, MyJar, Lending Stream etc

 

Catalogue accounts
Very, Fashion World, Jacamo, Littlewoods, Shop Direct, Studio, JD Williams etc

 

Debt owed to the DWP
Benefit overpayment), Council Tax debt and many others

 

Debt collection companies or Bailiffs

Moorcroft Debt Recovery, Past Due Credit Solutions (PDCS), Lowell Financial/Portfolio, Advantis Credit, Arc-Europe, Arvato Collections, Asset Capital Link, Cabot Financial, Equita, Hoist Portfolio, PRA Group, Resolvecall, Robinsons Way, BW-Legal and others and you are constantly being called by for payment.

 

You have now reached a point where you can no longer manage your debt alone or you are not sure what help is available and would like to find out. Maybe now is the time to start looking at debt counselling companies who can give you free regulated advice with your worrying financial situation and point you in the direction of getting your debt repayments at a manageable figure as quickly as possible.

A company such as Debtinformationservice.org.uk will be able to point you in the right direction when it comes to looking at debt solutions and which ones are available to you.


Although there are other debt plans you have probably heard about,  IVAs and Debt Management Plans are both excellent solutions to unmanageable unsecured debt.

If you are not sure what the difference is between an IVA and a Debt Management Plan is, here are some key points:

IVA

·       Stands for ‘Individual Voluntary Arrangement’

·       A formal agreement to repay creditors

·       An AFFORDABLE monthly amount based on your income and your monthly expenditure.

·       ALL interest and charges on debts included in the IVA are frozen.

·       There are no upfront fees.

·       Contact from creditors is stopped and only the agreed IVA payments can be requested.       

·       Once you have made the final payment on your IVA, the remainder of your debt is written off. This can be as much as 75% 

·       Must have over £6000 of debt and 2 or more creditors

 

DMP

 

·       Stands for ‘Debt Management Plan’

·       An arrangement with a 3rd party Debt Management company that isn’t legally binding so the agreement can be changed at any time.

·       Your debt management company will deal with your creditors directly. You will no longer receive phone calls and letters asking for money

·       After working out your incomings and outgoings, a monthly repayment amount is agreed.

·       Your monthly repayment is divided and used to make individual payments to each of your creditors.

·       No longer having to deal directly with creditors, will help to alleviate some of the stress associated with debt      

·       If your financial situation changes, you can adjust your monthly payment amount

·       Must have over £3000 of debt and 2 or more creditors

 

 

A company like these can arrange for you to speak with a qualified Debt Adviser, pay back your debts in affordable monthly instalments so that your creditors have no further involvement and leave you free to continue with your day-to-day life without the worry of debt and how you are going to pay for it.

 

You may even qualify to write off a large amount of your debt legally! 

Click here to find out whether you are eligible.

 

If you consider a debt plan such as an IVA or DMP it is important to think about each option carefully before committing to one or the other. Both options will improve your current situation if you owe over £1700 and you are struggling to make repayments to creditors however, there may be restrictions on further borrowing while you are in the plan and your credit score will be affected. Although if your debt has already been passed to a debt collection company then it is likely that your credit score has already been adversely affected.

 

 

 

 

 

 

 

 

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