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FAQ's

Can you deal with all my debts?

• We can help you to consolidate all your unsecured personal credit. For example, loans, credit cards, store cards, overdrafts catalogues etc. If you have priority debts such as council tax, rent or mortgage arrears we shall make allowances within your monthly expenditure for the repayment of these.

How much will I have to repay each month?

• Your dedicated advisor will asses your finances and agree a repayment that you can afford. This could be much lower than you are currently paying.

Will I be repaying over a longer period?

• In the case of "Debt Management" the debt and the period over which it is repaid may increase. This is due to us negotiating reduced repayments on your accounts therefore taking longer to repay. We could also be able to get your interest and charges frozen utilising an IVA, in which case the repayment period may be reduced.

Will you freeze interest and charges being applied?

• There are no gurantees that creditors will agree to freeze interest and charges being applied to accounts whilst under a debt management plan, it is down to the debt management company to attain agreement. Due to the way we charge, clients benefit from the services of Lewis Alexander as we only charge a set fee. Not a percentage of your monthly repayment. This means more of your money is sent to your creditors each month which in turn reduces your balance in a shorter period of time.
• This helps us to get your interest and charges frozen or reduced drastically! Read about our charges here.
• There are no guarantees with unqualified financial advice.

Any person that states they can freeze interest and charges on personal debts immediately without entering a client into an Individual Voluntary Arrangement (IVA) is not being honest with you.