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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 »
CSA payments make creditor repayments unaffordable.
| Debt: £28,000 | Was paying: £850/month |
| Now paying: £400/month | |
| Client has an income £1480 per month, and was able to manage repayments on debts of £28,000 while living with his partner and child. The relationship broke down and the client was still able to afford repayments until CSA demanded over a 3rd of his income. Now unable to keep up with the repayments, debt management is the only option. An IVA is not possible as he has only 2 creditors. He is not a homeowner so can't get an unsecured consolidation loan for such a large amount.
static link to this case study: DMCaseStudy15.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. 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.3. What if my creditors continue to pursue me for payments ?
In the short term, while your debt repayment plan is being setup, your creditors may continue to take action to recover your debts. Do not ignore them. Deal with calls politely, informing creditors that you have appointed ourselves to act on your behalf. Please forward any letters to us to deal with on your behalf. Generally speaking, creditors are normally synthetic to those in difficulties and doing they up most to maintain reduced payments by using a debt management company.[Lothian] [Coventry] [Cornwall] [Stoke-on-Trent] [North Yorkshire] [Hamshire] [Buckinghamshire] [Perthshire] [Cambridgeshire] [Essex] [Derbyshire] [Cumbria] [Kent] [Leicester] [Bedfordshire] [Cleveland] [Suffolk] [Kingston upon Hull] [Isle Of Man] [Derby] [Humberside] [Devon] [Leicestershire] [Dorset] [Gloucestershire] 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,