Debt Management
IVA's Individual Voluntary Agreements
If you’re looking for debt consolidation its means you may be looking at putting all your existing debts into one monthly payment. Debt management plans do this but without the need of a debt consolidation loan.
Unlike a loan , a debt management is a convenient service that allows you to reduce all your debts into one affordable payment which can be amended as per your financial situation, so if your circumstances change and you can no longer afford your monthly payments then you can review your monthly payment to fit your financial position at any time.
This solution was introduced by the Government to help those in financial difficulty. Unlike a debt Management plan, IVA’s allow s you to enter into a 60 month agreement; this means you will make 60 monthly payments regardless of the amount you owe.
At the end of this agreement your creditors are obliged to write off any remaining debt. All interest is frozen, No legal action can be taken against you. If you have already been issued with legal proceedings then an IVA will supersede them. Take a look at our IVA Examples to see how this powerful debt solution allows you to write off debt
Debt Settlements
Full and Final IVA
People often come across lump sum of money and try to pay off debts in full. However if you are on our debt management plan and come across a large amounts of money then you may be eligible to do full and final debt settlements with each creditor.
This means that you can approach your creditors with an offer of 30 to 60% of the total debt rather than pay back the full amounts. Creditors normally accept this offer as they evaluate the risk of having to wait for the money to be paid back over a long period of time or to accept your offer of 30 to 60% to settle the debts in full.
If you are a homeowner under a bankruptcy order then your equity will benefit the creditors. To avoid bankruptcy it may be more viable to voluntarily sell the property and offer any released equity through a full and final IVA.
However this could only be viable if they released equity is NOT enough to cover the unsecured debts in full.
To find out if you qualify for a Full and Final IVA or if you would like
more information and advice on full and final IVA's then please contact us on 0161 244 56 49
Debt Management help- Could inclusion into debt management from a highly respective debt management company get you debt free?
Check out our Debt management testimonials to see how thousands of our clients are in control of their financial problems.
We have found that although everybody would like to manage their own debt by doing some kind of DIY debt management scheme, things are not always as easy as they sound.
When creditors start to stonewall your offer of repayments or refuse to accept interest freeze even threaten to take you take you to court, it could leave you baffled as to which step to take next?
We welcome everyone to be able to manage their own debts; however it’s important to note if you have entered into a credit agreement, then creditors will normally remind you of your obligations each time you propose your own debt management plan.
Debt Management Company
The complete debt help solution
This is why a debt management programme from a professional debt management company may be the right solution for you.
Wouldn’t it be nice to take a step back and let somebody else deal with your problem?
We can get you to pay a single manageable payment to cover all your debt each month and set out a new payment plan with all your creditors. This means for those who do not have enough income each month to cover all of their outgoings will once again be in control. How? Well each of our debt management clients have a payment plan tailored specifically to their circumstances which means all outgoings such as rent/mortgage, utilities, council tax, bills, debts etc; are covered by the income.
Please feel free just to have a chat with us to see how a debt management plan will benefit you. You will always be under no obligation and no pressure from our advice.
Credit card debt management
Why do people bother with transferring credit card debt or borrow more money to manage debt, when a debt management plan will sort the problem once and for all?
Credit card debt is a mistake which can be costly to you. Everyone at some stage realises that paying off just the interest charges doesn’t take you anywhere. In fact the once you realise you have a debt problem with your credit cards, you could end up in a never ending spiral of debt and feel like you can do nothing about it.
We can advise you on a number of debt solutions to help you get out of credit card debt.
How a Debt management plan makes you responsible
When in financial hardship consumers often bury their head in the sand, thinking the problem will just vanish. This is not the way you should go about your debts. Debt management allows you to take full responsibility over your debt problem. Taking on debt management help allows you to make the following statements:
You’re aware of your debt problem
You’re taking full responsibility
You are not refusing to pay your creditors
You would pay back your creditors whatever you can realistically afford on a debt management plan.
I want to make sure if I’m paying my debts whilst in financial difficulty, that each penny has an impact in paying back my debt rather than interest and charges being applied.
If you would like to hold your head up high and tackle your financial problems affectively give us call on 0161244 5649 for more information about our debt management plans.
Rescue yourself from debt
Please contact us us if you have fallen behind with your repayments or if you feel your financial situation is about to change.
Rather than seeking further credit such as consolidation loans to resolve your problem, we can tailor a solution (Debt Management Plan) to help you pay a single monthly payment which will cover all your debts. UK residents only.
The debt management Plan is the most popular route taken by consumers who are finding themselves in a viscous debt cycle. Most consumers need time to get their financial situation back on track. but time is money to creditors who are constantly demanding their payments.
With a debt repayment plan you pay a single affordable payment each month which is then distributed amongst all your creditors each month.
Debt Consolidation without a loan
Debt consolidation without a loan is possible! A Debt management monthly payment plan is an excellent means for those who are looking to pay just one affordable payment each month. This means that you are paying off your debts
without worrying about your creditors constantly contacting you. Don't worry about your debts, let us help you organise your debt-repayment plan to suit your budget and income.
How can your debts be so manageable?
It's easy: you pay one payment to us and we distribute the payment to your creditors. No hassle to you, no annoying phone calls, no threatening letters and at the same time, you are repaying your debts. Why worry about your debts when we can take the worry away.
You don't have to deal with your creditors yourself, which gives you a sense of freedom from your debt. You can concentrate on rebuilding a more secure future. To find out more click here
What is a Debt management plan?
A DMP can help consumers out of stress from dealing with creditors. By involving a debt management company to take on board your debts and negotiating a repayment plan , this debt solution seems to be one of the fastest growing debt solution for consumers in debt.
Its in no way like a loan, you do not borrow any money or sign any credit agreements, infact you wont even need a credit check. But once a DMP is in place all your debts will be dealt by
Debt management is a service people use to help manage their debt problem. It
consolidates the whole debt into a single manageable monthly payment and gives
you instant relief from stress of having to deal with companies calling for
payments.
Why should I use debt management
companies when I can do this myself?
Debt management is a process not many people understand, it requires maintaining
arrangements and review’s which can take up a lot of time and that’s just some
of the administration work involved. It also could get confusing if you don’t
understand the process which creditors follow to recover debt.
When should I use a debt management?
It’s always best to tackle the problem when it’s realized, this way you can
prepare your finances beforehand. A lot of people make the mistake of leaving it
too long before taking any action. This causes other problem such as money being
drained out of the bank account by direct debits which leave you short for more
important liabilities such as rent, mortgage, food, council tax ect;
What if debt management is not right for me?
We undergo a comprehensive review of your financial circumstances, our debt
management consultants are trained to identify how each debt solution will
benefit you keeping in mind any risks and liabilities. We follow a best advice
policy which means you should not have to rely on any second opinion from other
debt management companies.
Debt management and how debt management
companies help you with debt problems
Unlike other debt management companies Southern Tree Debt management Ltd prides
itself in giving the best debt management advice on every type of debt solution
available. Other debt management companies rely on single debt management
product. We believe your aim is get out of debt in the most safe and fastest way
even if it means switching to a different debt solution as and when
circumstances change.
To start a debt management plan or get free debt advice on how you could receive
personal debt management help then please contact us on 0870 609 0093