Debt advice in the UK

Here at Help With Debt we are fully up to speed on all the debt solutions available in the UK. Debt advice is now a growth industry as a result of the credit crunch and following recession.

The economy has contracted for 6 quarters in a row at this time and this has resulted in unemployment rising and restrictions on overtime. All these changes in household incomes have made it very difficult for families to pay the essential household expenses as well as the minimum payments on credit cards and loans.

With an inability to make minimum repayments comes the problem of dealing with debt collectors then employed by credit card companies. These debt collection agencies can be ruthless and make as many as ten calls a day when they are collecting arrears.

These collection techniques can be distressing and pressure of the calls can lead to payments which cannot be afforded being made to these agencies, on the back of unrealisable threats.

Here at helpwithdebtuk.com we are able to offer the best debt advice in the UK, as a result of 17 years experience as a solicitor engaged in insolvency and debt advice.

Our solutions for those in debt, and seeking debt advice are three fold:-

Debt Management

This is ideal for those who have debts of between £2,000 and £15,000. The great benefit of debt management and using an accredited debt management company is that these businesses have the ability obtain agreements from the creditors to stop interest accruing, and charges being applied. These benefits mean that the debt itself can be paid down quicker. If payments to creditors are accepted it will also result in the debt collection companies being disengaged and so the calls will cease.

If you are interested in debt collection we can help.

IVA

This solution is for those who have debts in excess of £15,000 but also a disposable income of over £200. The reason for this is that the creditors often require a minimum dividend and in order to hit that dividend there will need to be a correlation between the level of debt and the agreed monthly payment.

The arrangement will be made for 60 months or thereabouts. There may also be a requirement to introduce equity from a property in year four, if any exists.

The IVA can be varied with agreement of the creditors, and full and final settlements are also accepted.

It is a solution for those in steady and regular employment.

Bankruptcy

This is the final option and one which we help people through every week. It seems that many people who come to us for advice, now have little disposable income and little in the way of assets. If they have a lot of debt they often decide to wipe out their debt in one go and be debt free immediately. Bankruptcy restrictions which are very often not relevant to many people last only a year for 99% of people and for many others even less. A lot of people are now discharged from their bankruptcy in 6 months. It is worth contrasting this to an IVA.


Contact Steve Thatcher of Help With Debt (UK) Limited a total debt solutions company.
For all further reading see http://www.helpwithdebtuk.com
For personal contact email sthatcher@helpwithdebtuk.com

If you have any debt problem whatsover either personal or corporate make Steve your first call all advice is free. Finally if in the UK and you need a friend to speak to call 01162171406