If you find that you are struggling with your debt then you need to get some help. Nowadays it is too easy to get credit for that new car or item of clothing that you must have! Any although debt in low levels is not always a problem, it is important that you get help for you debt, before it starts spiralling out of control.
Debt Free offer many solutions to help those that are struggling with debt.
If you have low levels of debt, typically under £15,000 and want a way to reduce your monthly outgoings to your creditors, then a Debt Management Plan may be the answer. You will just pay one monthly amount to us and we will distribute that between your creditors. We will negotiate with creditors to try and get any interest or charges frozen.
If you have high levels of debt split between various creditors and you struggle to pay back even the minimum payment, then you might want to consider an IVA (Individual Voluntary Arrangement). IVA legislation was introduced by the Government as a more practical alternative to bankruptcy. It works in a similar way to a Debt Management Plan, but it is legally binding with your creditors and any unaffordable debt is automatically written off on completion of the agreement!
If you need Debt Help then it is important that you seek expert advice. Here, at Debt Free, we have a team of fully qualified advisors that are here to help you.
They will guide you through your potential debt solutions by taking details of your finances and will help you to find the best option for your individual circumstances. Please contact us today for free advice on 0808 131 0039.
Still considering what debt solution is right for you? Take the Debt Free Test to see what options are available.