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Debt Solutions

 

Comparison of Debt Solutions

 
SOLUTION
Question
How long before I am debt free? As soon as possible * Not more than
12 months		 36-60 months**
How much are the fees for professional help? Depends directly on the amount owed. Our fee is £249. There may also be court fees to pay. Usually between £3000 & £5000
Are the fees payable up front? No Yes Yes
Are any court fees payable? No Depends on your
circumstances		 Depends on your
circumstances
Are my details published anywhere? No Yes, the Insolvency service web site. Yes, the Insolvency service web site.
Is the Court involved? No Yes Yes (usually)
What if I can’t make a payment? Try and catch up N/A Arrangement may fail and you could be made bankrupt
Can I keep my house? Yes Yes Maybe
Can I keep my car? Yes Probably Possibly
Can my creditors refuse to accept my decision. No No Yes

*The length of time depends on the amount of your debt and how much you can afford to pay.
** The amount you pay monthly will be calculated to produce a repayment timetable.

 

 

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Help with Debt Management

We act on your behalf, negotiate with your creditors and come up with a plan that will see you guaranteed debt free on a fixed date.

• You don't lose your house

• You can keep your car

• Your financial details are not publically published

how debt management works

 

Help with Bankruptcy

All your debts are cleared in one go. No-one can chase you for payment and you can come out of bankruptcy in as little as 25 weeks.

Learn more about bankruptcy


What is an IVA?

An Individual Voluntary Arrangement. In the vast majority of cases an IVA is NOT the route to go and can end up costing you more.

You might even:

• go bankrupt anyway

• lose your home

• pay back more than you owed in the first place

There rare occassions that an IVA is the best choice

Learn more about IVAs...

 

Consumer Debt Helpline

Our FREEFONE number is 0800 011 2725

 

Contact us For free advice and help with any debt problem.

 

 

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