Debt Relief Order
Debt Arrangement Scheme
Bank Loan Debt
Payday Loan Debt
Credit Card Debt
Store Card Debt
COVID-19: We have answered some of our customer's most frequently asked questions
Debt happens. It’s not something which occurs solely because you’re unlucky or maybe made some poor decisions, it’s a normal part of everyday life – and often essential if you want a quality life at all.
Although many would regard all debt as being bad, this simply isn’t true. Often, we need to owe money for our lives to go anywhere. For example, without tuition fees, many of us wouldn’t have graduated from university. Furthermore, we would struggle to marry our partners without a little financial assistance while a mortgage is usually essential to get on the property ladder.
Although these are big examples, debt can accumulate from the little things as well. From fixing broken appliances to just getting your rapidly growing children clothes, it’s very easy to owe money – and in many cases, that’s because you’re just living life.
A recent survey revealed that more than 60% of people in the UK started the New Year in debt. Whether accumulated through credit cards, an overdraft facility, or from payday loans, this research helps highlight how common debt can be.
Problems only occur when these expenses start going into arrears and our financial situation becomes unmanageable. Mounting interest rates and charges can lead to persistent debt and the prospect of paying off your creditors in a reasonable amount of time can seem very unlikely indeed.
This situation, sadly, is also a common one and affects thousands of people every year. Fortunately, we’re here to tell you there’s no reason to feel ashamed. Debt happens – and we’re here to help you do something about it.
Debt can be a taboo topic and is generally something you won’t hear discussed openly. As a result, many people tend to wait months – or maybe even years – before deciding to seek debt help. The reasons for this are unclear, perhaps they are worried about judgement or concerned their spending will come under scrutiny.
However, we know that debt is just a by-product of life. When your finances become unmanageable, we’re here to offer a lifeline. Get in touch and let’s discuss how we can put you back in control.
Debt write off applies to unsecured debts and on completion of an IVA. A debt write off amount of between 20% and 80% is realistic, however the debt write off amount for each customer differs depending upon their individual financial circumstances and is subject to the approval of their creditors.
Call charges may vary depending on your telephone provider. All calls are recorded for training and compliance purposes, but deleted after 6 months for non-customers in line with GDPR guidelines.
Free money help and advice can be found at the MoneyAdviceService.org.uk