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Debt Management Newbury, Berkshire
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Abacus offers Free Advice on Debt for peeole in Newbury
Ways we can help»
Newbury 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 Newbury, Berkshire
Abacus have experience in managing to stop home repossessions in Newbury, 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.
View Debt Management Case Studies »
IVA not a option due to unstable employment history.
| Debt: £21,325 | Was paying: £450/month |
| Now paying: £300/month | |
| This client lost his job and was out of work for several months. He began to live on credit and the balance grew to £21,325. The client started a new job month ago, but must serve a 3 month probation period. He has a value of debt that makes him eligible for an IVA. However, the fact that he had just started a new job and has recently had a period without work means this option is not currently available to him. Creditors need to be confident that payments into the IVA will be made at the agreed rate each and every month for 5 years. A Debt Management programme is more flexible in this respect and suits this clients current situation. static link to this case study: DMCaseStudy12.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. 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. What if my circumstances change ?
Because a Debt Management Plan is an informal arrangement, it is easy to change it as your personal circumstances change, and even to replace it with an alternative arrangement if that becomes more appropriate at a later date.3. Can you guarantee a reduction in payments ?
No. Stating we can guarantee a reduction in payments is not something we are allowed to do under guidelines issued by the Office of Fair Trading.It depends on your ability to pay and is at the discretion of your creditors. However, once we take a financial statement from your and explain the situation to your creditors, they will almost certainly agreed with our proposal.
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