what we do

 

IVA Individual Voluntary Arrangement This solution is approved by the government and provides the fairest outcome for you and the people you owe money to. Our advisors can look at your situation and calculate the total amount you can realistically afford to pay back.

Typically an IVA can cut the amount you owe by as much as 75% within 2 to 5 years What’s more, once the amount is agreed the law prevents creditors from asking you for any more money.

All those final demands and threatening letters will stop. A further attraction of this scheme is that it can help you avoid bankruptcy, which could well cause you to lose your home

IDM Informal Debt Management If for some reason you do not qualify for an IVA this could be a good alternative. Our advisers can negotiate with your creditors and reach an agreement with them for you to clear your debts in full. Your monthly repayments will be reduced to an amount you can comfortably afford. Please ask our advisors for more information.

Bankruptcy If you are not able to come to any agreement with your creditors or your debts are so large you really cannot afford to pay this may is another option for you although we must say that this very last resort. All of your assets will be sold to pay off your debts and the court will make sure your assets are shared out fairly among your creditors. Not all of your belongings will be taken the following are exempt; tools, books, clothing, bedding, furniture, some household equipment and other basic items you and your family need in the home.

Consolidation Loan If you are struggling with repayments to personal loans, credit cards or store cards the debt consolidation loan may be the solution for you. If you qualify we can lower your monthly outgoings, one affordable monthly payment

Equity Release Equity Release is a method of releasing some of the money tied up in your home, without the need to move. You can release some of the equity in your home to provide a tax-free cash lump sum, a regular income or a flexible borrowing reserve. How much you can release varies between lenders but usually depends on how old you are, how much your home is worth and how much you choose to borrow.

Buy and Rent Back Another option so that you do not have to move out of your home, this option will enable you to stay there as long as you like. You can then avoid the extra stress of finding a new place, moving your belongings, finding new school for children.
Re Mortgage If you have substantial equity in your home you may be able to re-mortgage to pay off your debts.