|
Debt has become an increasing problem for many people and looks set to become worse and finding a way out can be difficult and for many it seems impossible. One way in which people are able to consolidate their debt is to remortgage their property. However many are unable to take this route due to either not being a homeowner or falling outside the category of a remortgage, which can be for a number of different reasons. This is where people run out of options and hit a brick wall. The debt problems then spiral out of control and can often result in bankruptcy.
There is an alternative to solving your debt problems, which will:
- Involve you paying no fees
- Avoid bankruptcy
- Result in you paying back only a portion of what you owe
- Pay only what you can afford
- Freeze any further interest and charges
- Avoid action from court and bailiffs
- Stop creditors making any further direct contact with you
- Have a regulated professional deal with your case from start to finish
- Ensure your affairs will remain confidential unlike bankruptcy
- Be open to people who are not homeowners
You can take positive action for a debt free life by entering in to an arrangement that can write off up to 75% of your debt and set your payments at a level you can afford. You will receive no further harassment from credit card and loan companies as someone is appointed to take care of this on your behalf. You will have no further interest or charges added to your debt and will pay one affordable monthly payment. You will be debt free in 5-years or less and you will be financially stable again.
Check you owe £15,000 or more unsecured debt. I.e. credit cards and personal loans not mortgages, further advances or homeowner loans secured against your property.
Make sure you owe to 2 or more creditors. For instance if you have a loan with Lloyds Tsb and also a credit card this will only count as one creditor.
|
