How Do I Get Started?

Our number one priority is to help you deal with your debts by offering an affordable and professional service tailored to you.

We promise to give you experienced, honest and sensitive supportive from the word go as we endeavour to help you with your debts. We will offer you your own experienced Financial Advisor who is always at the end of the phone to help. Your Financial Advisor will work alongside you to find the most suitable route for you to take, by calculating your debts and living expenses, to create a plan specifically designed around you.

How We Can Help You?

We offer expert, information on practical solutions to problem debt. Here is a list of the products that we can help you with:

  • Individual Voluntary Arrangement (IVA)
  • Debt Management Plan (DMP)
  • Bankruptcy
  • Debt Relief Order (DRO)
  • Protected Trust Deed (PTD)

Once you get in contact with us, we strive to provide the very best customer service and offer you impartial advice. We’ll assist you in deciding on the best possible debt solution for your individual needs. Keep reading to find out which services and solutions we currently offer or give us a call on 0161 640 6400.

What to expect?

Taking these first steps can be daunting, but you’ll be treated with empathy and understanding. And you’ll be given the opportunity to speak freely about the difficulties you face. You’ll quickly see our commitment to helping you overcome them. We don’t judge, and we want to help.

Our goal is to find the best Debt Solution for you. But ‘Best’ can mean different things to different people. Do you want to be debt-free as soon as possible? Or is a good Credit Rating your priority? We’ll tailor our advice to you and work hard to find the solution that fits.

We’ll work with you to gain a full picture of your circumstances, and this will help us provide genuine advice accompanied by real options. You reached out to us as you need a solution, and we’re determined to deliver.

Find your solution to debt

We understand how debt can affect lives, so our specialist team is committed to helping clients regain control of their finances.

Find a solution

 

Debt Solutions made simple

Individual Voluntary Arrangement (IVA) A legally binding agreement between you and your creditors to pay an affordable monthly payment for a set period of time – usually 5 or 6 years, and then any remaining debt will be written off.

Debt Management Plan (DMP) An informal agreement between you and your creditors to payback your debts. Work out what’s really affordable for you and pay one set monthly payment, which is then divided between your creditors. A DMP is not insolvency, you’re not tied in for a minimum period and can make changes to your payment if your circumstances change.

Minimal Asset Process (MAP) A route into sequestration (bankruptcy) for people with no assets who are on a low income or benefits. Rather than having to pay the standard £200 upfront fee for sequestration, the fee for MAP is just £90. MAP lasts for a shorter period of time than sequestration – usually just 6 months. The upfront fee is much cheaper and the qualifying criteria is less than with sequestration so if you are struggling to make ends meet and have no spare income with which to repay your debts after all your essential household expenditure has been taken care of, it could be worth considering MAP.

Bankruptcy If you have a debt problem, one of your options for sorting it out might be bankruptcy. You can apply for bankruptcy if you can’t pay back your debts. As well as applying for bankruptcy yourself, someone else you owe money to (a creditor) can apply to make you bankrupt, even if you don’t want them to. For a creditor to make you bankrupt, you must owe at least £5,000. Remember, bankruptcy might not be your only option and it might not be the best one for you.

Debt Relief Order (DRO) A legally binding agreement between you and your creditors to pay an affordable monthly payment for a set period of time – usually 5 or 6 years, and then any remaining debt will be written off. A Debt Relief Order (DRO) is one way to deal with your debts if you meet certain criteria; Your debts are no more than £20,000, You don’t own your home. You’ve got £50 or less left over each month after you’ve paid your usual household expenses. Other savings or things of value you own are worth less than £1,000. You don’t own a car worth £1000 or more, unless it’s one that’s been specially adapted because you have a disability.

Protected Trust Deeds (PTD) A formal debt solution intended to take away the stress of multiple and/or unmanageable debt payments by combining these debts into a single regular payment. It can offer protection from creditor legal action and protect repossession of assets, including your home. Trust deeds can be voluntary, but it is only when it becomes protected that you are offered these kinds of legal safeguards and they become binding on creditor

 

Top Tips for Beating Debt

You can request a Budgeting Planner from any of our advisors by calling 0161 640 6400. It gives a range of advice to follow, from increasing your income to knowing your debts properly by offering a free soft credit search that won’t affect your credit.

Budgeting is a great way to get in control and on top of your debts. By following our budgeting advice, you should be able to work out your ingoings and outgoings and clearly visualise what money you have left each month to pay to your creditors. 

We suggest making a list of your creditors, along with money owed and due dates. Making note of this information with pen and paper is an invaluable way of relieving the likelihood of forgetting payment dates and helps you feel on top of things.

Cut back unnecessary spending by ending any subscriptions that you don’t need. Give your phone, water, and electricity gas and internet providers a call to see if you are on the most suitable plan for you. You might be paying for more than you actually use per month and this could save you money. 

There are many free comparison websites online, which may be useful to find out the cheapest options for you, from car insurance to your weekly food shop. 

Ensure that you’re receiving as much money as you’re entitled to. There may be benefits that you unknowingly qualify for or similar help from the government or local council. Consider whether you have any spare time to fit in some overtime or even a second job.

Check out the ‘Our Solutions’ page and read about what we have to offer you. We show you the advantages/disadvantages of the individual solutions for you to be able to make an educated decision as to which route is best to take. 

There are a number of unique options, so make sure that you take the time to read about and understand what each one would mean for you. If necessary, discuss with family or your partner to see which is best for your situation. 

Furthermore, you can contact or request a free call back from one of our experienced advisors who will help you find the right solution for you and help you with any queries or uncertainties that you may have.

Facing debt is the only way that they will go away. A simple ring to us can get the ball rolling with clearing your debts, as we can advise you on your individual circumstance and ultimately, get you on your way to being debt-free on a solution tailored to you. 

Not only will being active about your debts help you clear them quicker, but also will relieve enormous stress from you and those around you who may be affected.

Are you seeking a solution for your current debt problem?