|
Licensed Debt Advisers UK
Submit the Instant Advice form for a priority phone call back. |
We are UK Licensed Debt Advisers, Our debt management programmes can reduce your monthly bills by up to 75%, consolidating all existing credit cards, loans and other debts with one single lower monthly payment.
Our Licensed Debt Advisers will negotiate with your creditors, to help reduce your current payments, to a single affordable monthly payment. Apply now and we can help to reducing your outgoings within days.
- Your enquiry will be free of charge
- You'll be under no obligation.
- All correspondance and advice will be confidential.
We will find a comfortable payment for you, giving you just one cheque to write each month. Once we receive your payment, it will be dispersed to your creditors. Key points of out service are:-
- You will not go further into debt -
- Your monthly payments will be reduced.
Debt problems can be a burden. You may be considering bankruptcy as the only solution. Bankruptcy, however, leaves a long-lasting mark on your credit report.
You may be able to obtain an secured debt consolidation loan for this purpose from your bank or building society. The disadvantage of this is that your home is "secured" against the loan and you will lose it should you not be able to keep you with the payments.
Abacus debt management is pleased to offer you an effective alternative service to help solve your debt using a method known as debt management. Our programme is the alternative that looks out for your best interests and helps you regain control of your cash.
Let us manage your debts, so you can get on with managing your life.
Our advice is FREE, the call is FREE, - you are under no obligation.
Your legal rights: Coping with many Debts
Information for those with Multiple Debt Problems. If you have many different debts, there are several ways, using the courts, that you can help to sort things yourself.
article keywords: Coping, Debts, mangement, Administrative, orders, advice, Information, Bankruptcy, Bankruptsy.
Administrative orders
If you have at least one High Court or County Court Judgment (CCJ) against you, and your total debts are no more than £5000, you can apply for an 'administration order' (AO). This allows the court to send payments to all your creditors. You make one monthly payment to the court and this is then split between all your creditors in a way the court decides.
Once this happens, a creditor can't take any action against you, and they will stop adding interest to your debt. The administration order can include:
- Council Tax;
- gas, electricity, phone and water bills; and
- fines.
These creditors may object to being included on the administration order, but the court will decide whether or not to include them.
Individual voluntary arrangement (IVA)
An IVA is a legally-binding arrangement between you and your creditors that is drawn up by a qualified insolvency practitioner (usually an accountant). You must agree to pay money, as a lump sum, instalments, or both. In return, your creditors may:
- write-off part of the debt; and
- not take court action against you or make you bankrupt.
You have to pay all the costs and fees and also a large amount of the debt, so it is realistic only if you have a fair amount of spare money or things you can sell to pay your debts.
Not everyone qualifies for an IVA. Call us now to discover if you qualify.
Bankruptcy
This releases you from your debts after two or three years. But your finances will be officially investigated, and you will have to make reasonable payments towards your debts for the first two or three years, if you can afford to do so.
Bankruptcy is not an easy option and you should also get expert advice before applying to make yourself bankrupt. It may not be suitable for people:
- With certain types of job (for example, if you work in finance, you are a solicitor, or self employed);
- If you own (or are buying) your own home; or
- If you have a lot of other assets.
And there are some types of debt you will still have to pay after bankruptcy:
- Magistrates' fines;
- Maintenance for a partner or children;
- Debts from fraud; and
- Come forms of student loans.
Finally, you must make a lump-sum payment (currently at least £250) to make yourself bankrupt (even if you are receiving benefits). This fee alone rules it out for many people.
Bankruptcy Alternatives
Debts over £15K ? An IVA maybe the solution for you. upto 70% of all Debts written off.
Bad Credit Loans
Specialists in helping UK residents who have been refused a loan elsewhere.
Home Owner Loans UK
Experts in finding UK Homeowners the best Secured Loan or Remortgage.
See Also Abacus Debt Advice- Consolidate Credit Card Debt
Licensed Debt Advisers, Licensed Debt Advisors, consolidating, reduce monthly bills, Debt problems, Debt Advice,