What options are available to you?
What Debt Solution is right for you?
There are many solutions for helping you debt free, for the best debt advice we recommend you give us a call on 0800 988 3359 for some free impartial debt advice. We not only offer great free debt advice but we also specialise in debt management services, IVA solutions, bankruptcy information and filing bankruptcy assistance.
What is Debt Management?
Debt management programs are a great way of clearing your unsecured debt in a simple and effective way. Adebt management plan could turn all your loans, credit cards, store cards and outstanding overd When using one of our debt management services an advisor will consider your priority debts, which include mortgage or rent payments, utilities, living expences and council tax; they will then calculate an amount you can afford to pay. Any money left over is accrued into a single monthly payment and shared out amongst all your debts on a pro-rata basis.
Debt Management Plan
The key to a great Debt Management Company like Clark Richards is to ensure they can turn all your debt repayments for things like credit cards, personal loans and overdrafts into one far more affordable, reduced monthly payment. As well as managing all your creditors, we will also freeze interest and charges, meaning that your debts are paid off quicker.
A Debt Management Plan Can
Stop creditor hassle
Freeze interest and charges
Lower you repayments without more credit
Pay just one payment each month for all your debts
IVA (Individual Voluntary Arrangements)
An IVA is an alternative to bankruptcy if you have debts of £15,000 or more. An IVA is backed up by Government legislation and as a result allows you to reach a legally binding agreement with your creditors. You only pay back what you can afford, over a fixed period, usually five years. Once you have made repayments for the term agreed any remaining debt is then written off – leaving you completely debt free.
Debt Consolidation
When you have amassed many unsecure debts you will find yourself paying huge amounts of interest. By combining all you debts into just one low interest loan you could save thousands in interest and have just one far more manageable monthly repayment leaving your account.
Remortgage Solutions
You may have thousands of pounds tied up in your home. Rather than struggling with your monthly debt repayments you could release equity in your home to pay off your debts. A remortgage many not only reduce the amount that you have to pay for your debts but, with changes to the bank of England base rate, may also reduce your mortgage repayments. Debt free for free!!!
