Personal Debt Options

Your options in this area are Debt Management, IVA, Bankruptcy and Debt Relief Order if you are living in England or Wales.

Options for Scottish residents are Debt Management, Protected Trust deeds and Sequestration.

Step One

We will provide you with all the necessary support and guidance so that you feel comfortable in speaking to us about your debt problem. The most important issue is to recognise there is a problem so that we can help you deal with it in the best way.

Step Two

We help you understand your current position by helping you to prepare:-

A budget based on your personal and household income, your household expenditure, (your basic living costs) and a list of “priority debts” – council tax, utilities etc.

Step Three

We will prepare a comprehensive list of all your unsecured creditors and your secured creditors.

Step Four

We will explain how long it will take to clear your debts based on your current circumstances and summarise all of the information we have gathered.

Step Five

Your options. The options available to you is based on YOUR circumstances. We will explain all the options and suggest the BEST ADVICE on how to deal with your debts.

Step Six

We will dissect the options here. i.e how it works, legal matters, likely creditors acceptance rates, how it will affect your home, car, job etc. We will also discuss all the advantages and disadvantages of each option.

Step Seven

We will help you make the best decision for you and your family. Dealing with debt is extremely stressful and cause hardship in many ways to you and your family. With the help of our expert staff we will make the process simple and clear for you to understand.

We can also:

• Deal with any creditors pressing for legal actionarrears on debts and any court action pending)
• Income assessment (also assess if there are benefits that you should be claiming)
• Expenditure assessment (all living costs - note this does not include payments you are currently making to your debts)
• List of assets (such as your home, car, pension and any other assets that you have an interest in)
• Help with new banking arrangements (in most cases you will need to switch accounts to another bank)

EXPERT SUPPORT AND SERVICES

We will prepare all your paperwork for you and give you the right advice on how to deal with the immediate creditors.

As a Office of Fair trading  licensed debt counsellor we are regulated to provide debt advice and show you all the options available.

To explore the options in further detail use the menu at the side of this page or click below:

Debt Management

IVA

Bankruptcy

Repossession Advice

Debt Relief Order

Protected Trust Deed

Sequestration