How We Can Help

IVA

Debt free within 5 years, phone calls and demands from creditors stopped, one monthly payment, Interest and late payment charges frozen, Protection for your assets, Repaired credit rating. Immediate negative effect on your credit file. Legally binding so backing out may result in penalties. If you’re a homeowner, you may be asked to remortgage. Failure to keep up with payments may lead to an application for Bankruptcy.

Debt Management

Reduced interest and eliminate fees, reduce monthly payments, One single monthly payment, Collection activity stopped quickly, Debt is repaid in full, Less negative credit impact than settlement. Informal agreement, meaning creditors can still take legal action. Interest can still be applied. Creditors can still contact you.

Trust Deed

Reduced hassle from creditors, Frozen interest and charges, Financial stability within 48 months*, Only your disposable income will be used to pay creditors, If you’re a business, carry on trading. Immediate negative effect on your credit file. If you’re a homeowner you may be asked to remortgage. Failure to keep up with payments may lead to an application for Bankruptcy

Bankruptcy

All debts written off with the exception of only a few, Any debt management plan or IVA will be terminated upon completion, Usually discharged after 12 months, Almost all pension schemes are safe. Assets may be seized for sale. Negative affect on your credit file.