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 Luton, Bedfordshire

Debt Management Luton, Bedfordshire

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Abacus offers Free Advice on Debt for peeole in Luton

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Luton 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 Luton, Bedfordshire

Abacus have experience in managing to stop home repossessions in Luton, Bedfordshire, 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:-

Debt management only solution for period of umemployed

Debt: £12,950 Was paying: £350/month
Now paying: £180/month
This client had affordable credit repayments until her husband lost his job, halving the household income. Two months later their savings were running low so they decided to look for a consolidation loan to reduce monthly payments.
They were for refused for loans as their income was too low and they were not homeowners. Soon they would start to miss payments and needed a solution. The client looked an IVAs but her husband would be returning to work and an IVA would be too permanent as their circumstances would be changing. Debt Management was the right solution for them because the payments were flexible and could be increased when they were both working again.
static link to this case study: DMCaseStudy13.asp

Debt Management FAQ

Got a question about our debt management service?
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3 Random Q&A's from the database:-

1. How long does a Debt Management programme last ?

Until the debts are repaid in full. As your are making reduced payments, this will be longer than the terms of original credit agreements and may incur addition interest costs as the terms of the credit agreement is longer. However, normally interest charges are frozen when a debt becomes part of a debt management programme.

As part of our initial consultation with you, we will provide you with an estimate of the likely time you will be on plan. Please understand that a debt management plan is not an overnight solution.

2. Are you lending me money to pay off my debts?

No. We do not lend you money nor pay off your debts. A debt management repayment plan allows you repay your loan and credit card debts at an a affordable rate. If you do not make payments into the plan, we do not make payments to your creditors and they have every right to take legal action against you, not us.

3. Will the plan prevent my creditors taking further recovery action?

We cannot guarantee that your creditors will not take further action, including court action to recover debts from you but. If they do, we will help you respond so that any repayment that is required is within your ability to repay.

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