If you are struggling with a debt problem and want to find out some more about the Debt Solutions available then get in touch today. Our experienced, expert debt advisors will
go through all the options available. There is No Obligation and any information discussed
will be kept in the strictest confidence. We have already helped thousands of people with
their debt problems; why not let us help you to? Click "Expert Debt Advice" for advice today.
click here forExpert Debt AdviceHow It Works
If you think you might have a debt problem then act now. The longer you struggle with your debts the harder it will be to get your debt problem under control. Click here to read our online advice, helping you to recognise a debt problem and when best to seek expert debt advice. Remember, Clark Richards has helped thousands of people with their debt problems. We are sure we can help you as well. So get in touch today and relieve the stress of debts.When To Seek Debt Advice
In our free online debt help section we have provided you with a detailed explanation of the debt solutions available throughout the UK. So if you are interested in a specific debt solution such as Debt Management or an IVA or maybe you want to find out more about some of the more complex solutions like Bankruptcy or Debt Relief Orders then click below to read more...Online Debt Help
Not only can Clark Richards help you get debt free but we are also committed to ensuring you making the most of your income. That is why we have put together a money saving section on our website. This section explains ways to ensure you are getting all the benefits you are entitled to and also great ways to reduce your household bills.Read More
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Within our Client Centre you can find useful information with regards to our debt solutions and related services. There is a detailed FAQ section, a full breakdown of our terms of business, access to obtaining your credit report, information on Basic Bank Accounts and much more.Client Centre
Use our online debt calculator to
get a result in under 60 seconds,
Only pay what YOU can afford. Stop calls and letters and let someone else deal with your debts.
individual voluntary arrangement
You may qualify to write off up
to 70% of you debt with an IVA.
Debt free in 5 years and keep your assets.
If you are a homeowner you might be able to re-mortgage your property and release money to clear debts.
Clark Richards specialise in offering expert debt advice, debt management and other debt solutions to people struggling to repay their debts. We understand just how easily a debt problem can affect every part of your day to day life and spiral out of control.
It is a very stressful time, made worse by many letters demanding an unaffordable payment, calls threatening further action, and in some cases that dreaded knock at the door from a bailiff looking to remove goods.
Clark Richards offer expert debt advice and can recommend a solution which will help you get back in control of your debt problem.
Clark Richards also provide a wide range of debt solutions and would usually be able to set up any solution, including debt management, within a single phone call.
So if debt is a problem in your life, the answer is simple, pick up the phone and call Clark Richards today for free on 0800 988 3359 or complete our quick and easy Debt Advice Form.
For more information and for your options explained please read In Debt? Dealing with your creditors from The Insolvency Service. In addition, for information on where to go for free debt advice, visit the Money Advice Service.
become debt free in less than 5 years
A Debt Management Plan is a great way of clearing your unsecured debt in a simple and effective way. Debt management could turn all your loans, credit cards, store cards & outstanding overdrafts in one single repayment.
When using one of our debt management services an advisor will consider your priority debts, which include mortgage or rent payments, utilities, living expenses and council tax; they will then calculate an amount you can afford to pay towards your unsecured debts. Any money left over is put together into a single monthly payment and shared out amongst all your creditors on a pro-rata basis.
Once your debts are in a debt management plan, letters and calls will reduce, interest and charges could be frozen and you will be able to repay your debts at an amount you can afford.
Benefits of Debt Management:
Although debt management will make your debt repayments more affordable it is important to understand that the less you pay towards your debt the longer it will take for the debt to be repaid.
An IVA is a debt solution that allows you to become debt free in just 5 years. You could also benefit in a reduction in your debt level, sometimes as high as 70%!
Unlike debt management, it will provide you with legal protection from your creditors and once the IVA is accepted there will be no further interest and charges applied to your debts.
Benefits of an IVA:
An IVA like most debt solutions will have an effect on your credit profile. You must carefully consider your options when looking at a debt solution. It is always recommended that you get debt advice from a trained debt expert.
freephone 0800 988 3359
As a well established and reputable company that deals with the management of debt, we are on hand to offer a range of financial solutions that are aimed at freeing people from the stresses of debt. In a nutshell we are here to resolve people’s debt problems today, and if you make the wise decision to get in touch you’ll find us to be a professional and friendly organisation. In many cases people find themselves in debt through no fault of their own, which is why we will treat each case on its own merit and with the utmost respect. When establishing an appropriate credit debt management solution we are well aware that every client has their own set of circumstances and so they should feel confident of receiving a personalised service. One of our primary goals is customer satisfaction, and you can find out for yourself how other customers have felt about our service by reading the feedback of those that we have helped to save literally thousands of pounds. We specialise in offering debt advice to customers across the country from our offices in Cheshire and every month we help thousands of people to rid themselves of debt problems.
Regardless of individual’s circumstances, we have the necessary experience and knowhow to help you get out of any debt situation you currently find yourself in. We are confident at being able to provide the perfect debt advice and debt solution to your debt problem and ensure that you relieve yourself of the stresses of being in debt for good. We are in a position to give you expert advice about debt, and explain in clear and simple terms the best ways to get out of it. Our programs aimed at managing debt have helped thousands of people, and unlike certain other UK debt management companies our services extend to financial advisors going through your entire collection of debts, your expenditure and income to make sure that you have money left over after paying your bills to cover all living expenses. We will also speak to customers’ creditors on their behalf so they don’t have to, and once you sign up to one of our programs, we will deal with all the necessary paperwork and any payment demands. A dedicated department is in place to speak to creditors on a daily basis, which is why we have strong relationships with collections departments.
Anyone that is currently struggling with debt problems should be aware that there are many different debt solutions that can help them become debt free. We would suggest that as a first step you give us a call on our free phone number to get some excellent and impartial debt advice. In addition to giving great advice we specialize in the management of debt, bankruptcy advice, IVA solutions and assistance with filing for bankruptcy, so we have an array of skills to assist with many different debt problems. We have a smart debt calculator that we would urge visitors to the site to use, as if you need help with debt management then this will give you an idea what debt solution will best help you become free of debt. If you are keen to clear any of your unsecured debt in an effective and straightforward way then programmes that help people manage their debt are the way forward. In essence they turn all loans, store cards, credit cards and any outstanding overdrafts into a single, easy to manage, repayment. Once you use such a programme, an advisor will then calculate an affordable payment based on your priority debts such as mortgages.
Anyone that is of the opinion that the only solution to their debt problems is bankruptcy should think again, as there are alternative solutions to your struggles with debt repayments. With a plan that assists you to properly manage your debt you can reduce your debt repayments to ensure that the constant stream of nasty calls and letters stops and you have an affordable amount of money to pay each month. An added bonus is that any interest and charges on debts will be frozen with the aim of freeing yourself of debt as quickly as possible. An IVA debt management plan UK program is a decent alternative to bankruptcy if your debts are equal to or more than £15,000. Also known as an Individual Voluntary Arrangement, they are backed by government legislation so that if you decide to go down this route, you can attain a legally binding agreement with all of your creditors. The way it works is that over a fixed period of around five years, you pay back only what you can afford, and at the end of the agreed term, any remaining debt is written off for good, so you are left free of debt.
Anyone that is having debt problems should get some balanced debt advice and help as soon as possible so that their level of debt doesn’t increase as a result of high interest rates and charges. We are helping many people rid themselves of debt in less than three years, so we would urge you to get in touch immediately to ensure you avoid being made bankrupt and your creditors taking any court action against you. People with debts of over one thousand pounds to two or more companies should consider a plan to manage their debt, and if you want to discuss this or get advice regarding credit card debt management, we would be delighted to hear from you. To qualify for this plan you will have to meet certain criteria, such as struggling with debt repayments, not having a debt that is severe enough to warrant bankruptcy, you have two or more debts, and that you can afford a sixty pound payment towards any unsecured debt each month. Anyone that meets such criteria should give us a call to have a no obligation informal chat with one of our experienced debt advisors, to see what steps can be taken.
The major problem of amassing lots of unsecured debts is the vast amount of interest that has to be paid. By consolidating debts into a single low interest loan, people can save thousands of pounds in interest payments alone, whilst enjoying a much more manageable monthly repayment. Remortgage solutions are also worth considering if you have any money tied up in a property. Instead of struggling each month with debt repayments, you could release some equity from your home to help pay off some or all of your debts. By considering the array of debt management help UK that is available, you may well find that a remortgage will not only reduce your monthly debt repayments, but may even reduce your mortgage repayments with a positive change to the Bank of England’s base rate. Anyone facing debt should consider their options carefully and with our free debt advice we are sure you’ll come to the right decision. It can be a complex and time consuming situation trying to get on top of all your debts, which often come about by things outside of your control, so please utilise our services and set yourself on the road to a debt-free life.
Although a large percentage of debt management cases result in interest & charges being frozen, it can’t be guaranteed. All initial advice is provided free of charge & there is no obligation to use one of the debt solutions we recommend. If, however a debt solution such as debt management is taken out, please be aware that fees will be charged – please read a full breakdown of our Terms of Business. We understand that charging fees to help you become debt free is not ideal, but we feel without charging a fee we would not be able to provide you with a quality service that will help you become debt free. We closely monitor other debt advice companies to ensure we remain one of the cheapest companies in the UK.
Please be aware that a debt solution may lead to an increase in the size of the sum to be repaid and may impair your credit rating and your ability to obtain credit in the future. You may be charged a fee if you decide to proceed with a debt solution. You should discuss any further fees or charges with the debt advisor that you are referred to. If you fail to maintain payments to an IVA you creditor may make you bankrupt. If you are a homeowner you may be asked to release equity in your property in order to repay your debts.
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Clark Richard’s may change this policy from time to time by updating this page. You should check this page from time to time to ensure that you are happy with any changes. This policy is effective from 05/08/2009.
What we collect – We may collect the following information:
“What we do with the information we gather” – We require this information to understand your needs and provide you with a better service, and in particular for the following reasons:
“Security” – We are committed to ensuring that your information is secure. In order to prevent unauthorised access or disclosure we have put in place suitable physical, electronic and managerial procedures to safeguard and secure the information we collect online.
Overall, cookies help us provide you with a better website, by enabling us to monitor which pages you find useful and which you do not. A cookie in no way gives us access to your computer or any information about you, other than the data you choose to share with us. You can choose to accept or decline cookies. Most web browsers automatically accept cookies, but you can usually modify your browser setting to decline cookies if you prefer. This may prevent you from taking full advantage of the website.
Links to other websites – Our website may contain links to other websites of interest. However, once you have used these links to leave our site, you should note that we do not have any control over that other website. Therefore, we cannot be responsible for the protection and privacy of any information which you provide whilst visiting such sites and such sites are not governed by this privacy statement. You should exercise caution and look at the privacy statement applicable to the website in question.
Tracking Code – www.clarkrichards.co.uk uses tracking code from the major UK search engines to work out how you found our site, what pages you visited and what facilities you used.
Controlling your personal information – You may choose to restrict the collection or use of your personal information in the following ways:
We will not sell, distribute or lease your personal information to third parties unless we have your permission or are required by law to do so. We may use your personal information to send you promotional information about third parties which we think you may find interesting if you tell us that you wish this to happen. You may request details of personal information which we hold about you under the Data Protection Act 1998. A small fee will be payable. If you would like a copy of the information held on you please write to 3 Bailey Court, Green Street, Macclesfield SK10 1JQ. If you believe that any information we are holding on you is incorrect or incomplete, please write to or email us as soon as possible, at the above address. We will promptly correct any information found to be incorrect.
1. The agreement between you and us is made on the following terms:
You- Our client whose name is recorded on the enclosed document (and partner where any of the debts are in joint names)
Us- Clark Richards Ltd, 3 Bailey Court, Green Street, Macclesfield, SK10 1JQ. Licensed and regulated by the Financial Conduct Authority.
Creditors- Any and all of your unsecured debts whose details you provide to us in accordance to section 3.
Debt Management Plan- A plan of repayment produced by us in accordance with section 4.2, referred to as your plan.
Period- The period which your plan is in operation.
Consideration Period- Designed to allow you sufficient time to consider the terms of our agreement.
Arrangement Fee- Fee that covers the work that goes into setting up your plan in the first 6 months. This Involves: Reviewing your draft payment plan, calculating the reduced repayment proposal, preparing your financial statement, liaising with your Creditors, renegotiating your monthly payments, providing documentation to your Creditors.
Management Fee- Monthly fee that covers the ongoing work involved in keeping your plan running smoothly, This includes: Making the agreed payments to each of your Creditors, answering phone calls, emails and letters from your Creditors, creating the detailed payment statement you will receive each month, it also pays for your Personal Account Manager services so that you have a point of contact to answer your questions and help solve any queries throughout your plan.
You request us and we agree to provide you with debt counselling advisory service in accordance with these terms and conditions. You authorise us to negotiate on your behalf with your Creditors. This agreement shall continue until final repayment to the Creditors is made in accordance with your plan, unless it has been terminated beforehand in accordance with Section 6.
Your agreement commences once the 14 days consideration period has expired.
3. Your responsibilities
3.1 You will provide to us on request information relating to your finances. This will include but not be limited to details of your income and expenditure, your Creditors and any agreements you have with them, any loans or mortgage you have your dependants and judgements made against you or any other enforcement action being taken against you.
3.2 You will sign any necessary forms of authority or any other documents so that we may negotiate with your Creditors on your behalf and generally carry out our obligations under this agreement.
3.3 You will pass all correspondence from your Creditors to us and keep us informed of any dealings you have with any Creditors whether we are negotiating with them or not. Failure to forward Creditor correspondence may result in further action being taken against you. You will not use your credit cards, nor incur further debts.
3.4 You will consult with us in relation to your plan repayments, any alterations to it or reviews. Your payments to us will need to be amended to reflect any reasonable changes.
3.5 You will make payments to us under and in accordance with the plan.
3.6 You will ensure that you update us with any change of bank or card details prior to your payment falling due.
3.7 You will contact us in advance if you are unable to meet your payment requirements so we may discuss options.
3.8 If you do not maintain regular payments we will suspend any action and payments on your account. Your Creditors will be informed that payments are not being maintained, which may result in legal action.
3.9 You remain responsible for continuing to pay any secured loan, mortgage, hire purchase agreements and all household bills (including council tax and insurances).
3.10 You remain responsible for the repayment of taxes, fines, child support payments and debts which could result in the loss of access to essential goods or services or repossession or eviction from your home. If you are struggling to meet the above commitments please contact The Money Advice Service.
3.11 The liability of all debt remains solely your responsibility. Failure to make contractual payments may result in collection action and possible default notices which may cause further costs to be incurred.
4. Our responsibilities
4.1 We will review your finances, covering income, expenditure, debts and assets. These must include all debts secured on property or goods, which we will take into consideration but cannot, negotiate payments on. We will calculate your disposable income based on reasonable living expenses.
4.2 In consultation with you we will produce your plan by which you can pay off your Creditors and our fees.
4.3 We will negotiate with your Creditors and attempt to agree repayment terms based on your agreed monthly repayment.
4.4 We shall make payments to your Creditors in accordance with your plan. Payments to Creditors will be distributed promptly (normally within 5 working days) with the exception of your first payment which will be distributed once your cooling off period has expired under normal payment conditions.
4.5 The payments made to your Creditors will be reflected on the statements you receive from them. In addition we will issue monthly payment receipts.
4.6 We shall provide you with an annual statement which will set out outstanding balances, payments distributed to lenders and a breakdown of fees.
4.7 We can only provide advice on the services that we offer. We cannot provide legal counsel.
4.8 We shall not be liable for any breech of obligation or decision not to lend to you by any lender during or after our agreement.
4.9 You will solely be liable for any effects to your credit score.
4.10 We cannot be held liable for any legal action taken against you by your Creditors. There is no guarantee that any current legal action will be suspended or withdrawn.
4.11 We shall attempt to agree with your Creditors that they freeze or reduce interest and charges however we cannot guarantee that these will be stopped nor can we be held liable for any increase in your Creditor balances.
5. How we will be paid
5.1 Unless we agree otherwise with you we will take from month seven onwards a fee equal to 16.9% of your full monthly payment. Subject to a minimum of £39.50 and maximum of £100.
5.2 An arrangement fee which is spread out over the first 6 months of the plan will be taken to cover the costs of setting up your plan. The amount of the arrangement fee will have been confirmed by your Advisor and detailed in the initial paperwork.
5.3 In the case of weekly payments, 4 times the weekly payment will equate to one month’s payment.
5.4 We reserve the right to charge additional fees for administrating an alternative debt solution in order to cover our costs. Fees incurred are variable dependant on the monthly contribution.
6. Termination of agreement
6.1 If for any reason you wish to cancel, we offer a 14 day consideration period from the date a first payment is made, during which we offer a full refund of any fees which we have taken.
6.2 After the consideration period you may end this agreement by giving us 14 days’ notice in writing.
6.3 We may end this agreement by giving you 14 days’ notice in writing if any of the following happens:
1.You breach this agreement and do not remedy within 7 days
2.A Bankruptcy petition/ DRO/ Sequestration is issued against you
3.You enter into an IVA/ Trust Deed
4.Where the information provided to us is knowingly incorrect
5.Where information provided to acquire lending is considered
fraudulent by your Creditors.
6.If we are affected by Force Majeure
7. Two successive missed monthly payments
6.4 After termination of your agreement your file may be reinstated subject to standard setting up costs.
7.1 In the unlikely event that you are unhappy with any aspect of our service we have a comprehensive complaints handling process which is available and can be sent to you in writing or you can view our policy online alternatively you may write to us detailing your complaint.
FAO Compliance Manager, Clark Richards, 3 Bailey Court, Green Street, Macclesfield, SK10 1JQ.
8. Changes to terms and conditions
8.1 We reserve the right to change these terms and conditions. Where possible, we will give you reasonable notice of changes and the date they take effect.
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