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 Reading, Berkshire

Debt Management Reading, Berkshire

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Abacus offers Free Advice on Debt for peeole in Reading

Ways we can help»

Reading 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 Reading, Berkshire

Abacus have experience in managing to stop home repossessions in Reading, 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 »

Example Debt Management Cast Study:-

CCJ means a Debt Consolidation Loan not possible.

Debt: £2,370 Was paying: £445/month
Now paying: £158/month
Client X had a dispute with her mobile phone supplier about her bill. She refused to pay it and it was referred to a debt recovery agency. She still refused to pay it escalated to CCJ. The client does not have a high level of debt but due to the CCJ she cannot consolidate her debts with a loan. She is paying £39.50 per week, which is the maximum see can afford.
static link to this case study: DMCaseStudy8.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. 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.

2. Can i see that my creditors are being paid ?

You will continue to be sent statements from your creditors. This will show payments made by us on your behalf. You will be issued a statement every 3 monthly showing all transactions on your debt management account with us.

3. 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.

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