Debts in the News
822 pensioners each day enter into poverty
The number of pensioners living below the poverty line in the UK has rises to 2.5 million in June 2008, the first increase since 1998. [more...]

Mortgage Lending Down 19% as Cost of Mortgages Rises.
Mortgage lending remained slow in May 2008 with total lending down 19% over the year, says they from the Council of Mortgage Lenders (CML). Tightened lending criteria and falling confidence in the housing market contributed to a £5bn fall in the value of mortgages advanced - from £31.5bn in May 2007 to £26.5bn last month. The CML said the Bank of England's data on mortgage approvals for hous [more...]

An Ethical Current Account

A viewer of BBC2's Working Lunch TV programme asked if any UK bank offers an ethical current account. The answer was yes, but presently only one bank provides such a service. [more...]

Beware of Loan Applications on Finance Comparison Sites
The temptation on a Money Comparison website is to always apply for the lowest APR loans. However if you don't have a very good credit history, this could make it worse. [more...]

 Debt Management Ascot, Berkshire

Debt Management Ascot, Berkshire

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Abacus offers Free Advice on Debt for peeole in Ascot

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Ascot Debt Management Company

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 you 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 advice as to your best option. more »


Repossession Help in Ascot, Berkshire

Abacus have experience in managing to stop home repossessions in Ascot, Berkshire, even those on the very brink of personal disaster. 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.

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Example Debt Management Cast Study:-

Seperation leaves client to repay debts by himself.

Debt: £14,293 Was paying: £641/month
Now paying: £300/month
Client X took credit while he was with his partner, and with both wages, they could maintain repayments. They have now separated and because the debts were taken out in just his name he has to make the repayments alone to 12 different creditors. Living just by himself, his living costs has also risen.
To help make ends meet, Client X started a second weekend job, but is still struggling. The client wants to repay the debts but as things are cannot see an end in sight. On Debt Management his payments are affordable and his debts are reducing every month.
static link to this case study: DMCaseStudy9.asp

Debt Management FAQ

Got a question about our debt management service?
View Debt Management FAQ »

3 Random Q&A's from the database:-

1. Will the plan affect my credit rating ?

Because coming on the plan will result in your not making contracted repayments on your unsecured debts, you should expect that your credit rating to be adversely affected. However, your credit rating may already be poor if you have arrears or a history of missed or late payments. Long term, the only way to fix bad credit is to repay your debts, which is what the debt management plan is design to achieve.

2. How are your charges collected?

Every time we make a round of payments to your creditors on your behalf, we deduct our fee for that distribution. If we do not make a distribution, we do not take our fee.

3. 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.

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