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Do you have oustanding debt to consolidate? If so consolidate you debt by taking advice from one of the counsellors by calling 0845 612 2626 If you are looking to consolidate your debts into one monthly payment, because you wish to reduce the amount you repay each month or because you want to simplify your finances so you pay just one creditor, then it’s important to make sure you choose the correct procedure for you such :- 5 ways to consolidate debt IVA - Individual Voluntary Arrangement The IVA is an extremely powerful tool enabling you to clear your debt and return to a clean financial bill of health. Bankruptcy is an option that often has to be considered when an individual cannot pay their debts as they fall due. A first time bankrupt with debts will generally receive their discharge one year after the date of the bankruptcy order Are you struggling to pay credit cards, loans, store cards or catalogues? Would you like someone to help sort out your payments and talk to creditors for you? Would you like to be able to pay one affordable amount to all your creditors each month? If this sounds like you, a Debt Management Plan may be just the thing Consolidate debt and reduce your monthly outgoings by up to half with a debt consolidation loan A trust deed or protected trust deed is a legally binding debt repayment agreement for residents in Scotland who have debts above £8000. The trust deed or protected trust deed is only available in Scotland and lasts no longer than 3 years. After this period the remainder of the debt is written off leaving you absolutely debt free. Advice on how to consolidate debt when you consolidate your existing credit agreements it is important to make sure you have enough money each month to pay the household bills. Debt repayments must be budgeted for in the same way as household bilss for this reason work a budget by completing a debt budget calculator. If you are in debt, with an accurate budget, you'll be able to cut out unnecessary expenses and save money, or stop running up big debts. If you already have debt problems, a budget will show you how much spare cash you have. This will help when you talk to your creditors (those you owe money to), because you'll be able to make realistic offers to pay them back over a period of time. Whatever the reason you might wish to consolidate your debts we will find a solution for you by calling 0845 612 2626. |