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The UK’s personal debt total is over £1.25 trillion so there are literally millions of people in need of debt repayment advice. It is when this debt is out of control that it becomes stressful and daunting. You are harassed and badgered by creditors and you do not know how to deal with the situation. The stress brought on by financial difficulties is a major cause of ill health.
It is important, therefore, that you take immediate steps to resolve the matter. Unfortunately, to meet this demand, there are many ‘cowboy’ firms that have set up in the market, that could make matters worse for you.
Our associated company is a firm of qualified Chartered Accountants who will look sympathetically at your situation and appoint a Licensed Insolvency Practitioner who is experienced and qualified to develop and implement a plan that will ultimately result in your debt problems being resolved.
Depending on your individual circumstances, your Insolvency Practitioner will advise you as to the best course of action, be it debt consolidation, a debt management programme or even an IVA.
IVA’s are becoming an increasingly popular choice for the over-indebted in the UK. A standard IVA will offer to pay whatever is affordable monthly into a fund over a five year period, and after that the debt is cleared. Your creditors are bound by the IVA and must not hassle you in any way and cannot petition for your bankruptcy, provided you do not default on your payments.
Either way, we can take the stress and strain away from you.
For a free consultation, please contact Nick Simler on 020 7624 2040 .