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Devon Debt Management and Debt Consolidation
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Abacus offer UK Residents Advice on Debt in Devon including Barnstaple, Bideford, Bishops, Braunton, Dawlish, Exeter, Exmouth, Forder Valley, Newton Abbott, Okehampton, Paignton, Plymouth, Salcombe, Sidmouth, Sourton Cross, Tavistock, Tawton, Torquay, Umberleigh, Woolacombe and Yelverton.
Ways we can help»
Devon Debt Management
Debt Management can reduce your monthly repayments by up to 70%. All existing credit cards, loans and other problem debts are consolidated into one lower monthly payment. Submit the Instant Advice form and we'll explain how you may be able to pay back less than you owe, but still clear all your debts. more »
Debt Consolidation Loans
Refused a Loans ? We can help people in Devon find a secured or unsecured debt consolidation loan. Even if you have bad credit, a County Court Judgment (CCJ) or have bad credit and been declined a loan already, we can help. We specialise in Debt Consolidation solutions of all types, offering free debt advice to residents of Devon as to their best option. more »
Repossession Help in Devon
Abacus have call help homeonwers in Devon avoid repossessions. We can help if you are a homeowner with mortgage arrears, council tenant or with a housing association. It's never too late to get help. more »
Bankruptcy Advice & IVAs
Avoid Bankruptcy. An IVA may be the solution. This is a legal process offering an alternative to bankruptcy to those with unsecured credit repayments they can't afford. Become debt free in 60 months with up to 70% of all debts written off. Impartial advice, free consulation. more »
Debt Help Information & Guides
A series of informative articles to help and advise UK Citizens who are experiencing financial problems. more »
"We can be managing all your debts within 24 hours"
Debt Management Examples
Our database of real debt managament case studies shows how debt management helps people with wide range of financial and personal circumstances.
View Debt Management Case Studies »
£58,000 of debt - but can't do an IVA.
| Debt: £58,000 | Was paying: £1267/month |
| Now paying: £300/month | |
| Client has £200,000 equity in his home & unsecured debts of £58,000.
His assets are more than his debts, but he can't pay 11 creditors from a monthly income of £1,060. An IVA is not possible as his creditors would never agreed to forgive any debt when he could repay them in full by selling his property. The client does not want to remortage as he has recently become self employed and does not want to risk his home if that does not go to plan. Debt management will never pay off this debt, but it gives our client some respite from his creditors while he focuses on building his business without the fear or court action or losing his home. static link to this case study: DMCaseStudy100.asp |
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Debt Management FAQ
Got a question about our debt management service?
View Debt Management FAQ »
3 Random Q&A's from the database:-
1. Should i ignore contact from my creditors now you are managing credit repayments?
No, under guidelines issued by the Office of Fair Trading, we are not allowed to advise you do this. It may be the case the a particular debt management company is incompetent and not making correct payments. The creditors would need to be able to advise their client of this. Should they contact you, listen to what they have to say and politely tell them Abacus are now handling your finances are refer them to ourselves.2. Why would anyone with debts over £15,000 do debt management when they could write off debt with an IVA?
Not only do you need more substancial debt for an IVA, you have to be techncially insolvent, meaning your assets must be worth less than your debts. If you have equity in property, that is taken into consideration by your creditors when considering your IVA propsal. Normally you would be expect to remortgage at some point of the IVA period to raise funds to pay into the IVA.3. Can i exclude a particular debt or credit card from my programme ?
No, the principal reason debt management allows reduced payments is that all creditors are treated equally. By excluding one debt, then you are showing favoritism and your other creditors will not agree to this and my resort to court action[Staffordshire] [Cornwall] [Northhamptonshire] [Shropshire] [Manchester] [Belfast] [Avon] [Derby] [North Yorkshire] [Hertfordshire] [Warwickshire] [Kent] [Clwyd] [London] [Cumbria] [Scotland] [Perthshire] [West Midlands] [Isle Of Man] [Merseyside] [Edinburgh] [Cleveland] [Bristol] [Glasgow] [Hereford and Worcester] Debt Management Barnstaple, Debt Management Bideford, Debt Management Bishops, Debt Management Braunton, Debt Management Dawlish, Debt Management Exeter, Debt Management Exmouth, Debt Management Forder Valley, Debt Management Newton Abbott, Debt Management Okehampton, Debt Management Paignton, Debt Management Plymouth, Debt Management Salcombe, Debt Management Sidmouth, Debt Management Sourton Cross, Debt Management Tavistock, Debt Management Tawton, Debt Management Torquay, Debt Management Umberleigh, Debt Management Woolacombe, Debt Management Yelverton,