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Somerset Debt Management and Debt Consolidation
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Abacus offer UK Residents Advice on Debt in Somerset including Aldwick, Axbridge, Brent Knoll, Bridgwater, Burnham-on-Sea, Clevedon, Dunster, Frome, Glastonbury, Henlade, Illminster, MidSomer Norton, Minehead, Shepton Mallet, Taunton, Wells, Weston-super-Mare and Yeovil.
Ways we can help»
Somerset 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 Somerset 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 Somerset as to their best option. more »
Repossession Help in Somerset
Abacus have call help homeonwers in Somerset 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. How much will my debt management payments be ?
It depends on your ability to pay based on your income and essential outgoings, not the total debt or current repayment levels. We agree with your creditors a reasonable amount you can afford allowing for some left over for emergencies. Minimum payments are £100 per month or £25 per week.2. What do you charge for this service?
So that we can initially set up your programme and negotiate with your creditors, your 2 month's payment covers our implementation costs. From this we make token payments to creditors. After that, our ongoing administration charge is 17.625%. This is included in your agreed to be affordable monthly payments - not added on top.3. Do i need to have a full time job to do debt management ?
No. To be accepted, you only need to have a surplus of income above what you need to live on of at least £100 per month. This surpluss must less than needed to meet current credit and loan repayments.[South Yorkshire] [Hereford and Worcester] [Suffolk] [Shropshire] [Buckinghamshire] [Cumbria] [Gwent] [Birmingham] [Perthshire] [Cambridgeshire] [Bedfordshire] [Belfast] [Essex] [Devon] [Edinburgh] [Lincolnshire] [Derbyshire] [Merseyside] [Dorset] [Leicester] [Hertfordshire] [Derby] [West Sussex] [Wiltshire] [West Midlands] Debt Management Aldwick, Debt Management Axbridge, Debt Management Brent Knoll, Debt Management Bridgwater, Debt Management Burnham-on-Sea, Debt Management Clevedon, Debt Management Dunster, Debt Management Frome, Debt Management Glastonbury, Debt Management Henlade, Debt Management Illminster, Debt Management MidSomer Norton, Debt Management Minehead, Debt Management Shepton Mallet, Debt Management Taunton, Debt Management Wells, Debt Management Weston-super-Mare, Debt Management Yeovil,