How do you know when you need personal debt assistance?

Have you already tried to find a debt company to assist you?

Is there any debt assistance that actually works?

Yes there is, at Lewis Alexander we pride ourselves on being honest with you about your present situation, we do not dress up the truth to make you like what we hear.

This often difficult for many people to accept, however, after few months of using our debt assistance services for debt management, most clients are very relieved that the stress and worry of letters and phone calls from credit card companies is at last reducing if not stopped.

When you need assistance with debt it can be a very daunting and stressful time.

Most people do not deal with the debt problem at first and this can make it harder for any company to assist you when you finally get around to contacting them.

• Not all debt assistance is actually assisting people!
• It can at times only be assisting the company you may have selected to help you!

Again, Lewis Alexander are always honest about timescales to clear debt and people use our services a lot of the time to keep things organised and that peace of mind works wonders for levels of personal stress.

When clients call our free debt helpline for assistance with their personal debt, we find that most people are very able to understand the situation they are in, this is because when they have started the process of finding some sort of debt assistance, they have usually been applying for loans along the way, that is the first thing the human mind would think of to assist in clearing debts.

• It’s NOT the most economical way!

Another loan is simply going into debt to try and get out of it, adding further interest costs along the way, this is okay if you do not have any outstanding arrears on any other credit or loans as if you do and you are not in a position to repay them, how can you afford to borrow any more money?

• That is usually when people select the services of a debt management company!

Debt management companies can assist you to clear your debts without further loans.  It is not very easy to understand at first but the more you look into a debt management plan, the more sense it will make as an option to assist you if you qualify.

An IVA will clear your debts in a fixed period of time, usually 60 months / 5 years.  The IVA or Individual Voluntary Arrangement is a legally binding agreement between you and your creditors which at the end will leave you debt free.  An IVA is logged on your credit report but can for an excellent way to obtain debt assistance if your debt level exceeds £25000.

For confidential help and debt assistance advice please call our personal debt helpline using 0800 018 6868, our lines are open 24 hours and your call is free!

Trying to find a Debt Support Service in the UK?

Unable to get a loan to consolidate your financial problems?

Struggling to understand how best to help yourself? 

When you need debt support, it is very hard to find a company that you can trust.  Most personal debt advice that you obtain from debt support companies will tell you that the best option is either;

• An IVA
• Bankruptcy
• A Debt Management Plan
• or possibly even another loan or form of finance such as a remortgage.

It is not usually an every day occurrance being forced to deal with such options of financial relief, however, it is important that you do not allow any individual or company to push you into any debt consolidation agreement without you being fully aware and educated on how you will benefit and in what way your chosen debt solution could affect you.

Debt support services exist all around the UK, some charge the clients fees directly for the service they provide and some charge the clients creditors for the work they do on the clients behalf.

• These companies trade as charitable organisations and guise themselves as free debt support services.

 A good debt support service will have the clients best interest at heart and by managing the financial problems in a structured manner, the client usually feels relief from the pressure within days of joining the support service.

When a not so reputable debt support company starts to manage a clients finances, the client does not actually get to find out that the service is less than standard until it is too late and the debts are usually in a further mess than they were previously.

Be warned that anyone in personal debt is classed by the Office of Fair Trading as a vulnerable consumer, this means you are at risk of other people or traders / companies taking advantage of your current financial circumstances. People will lie to you even when it is to do with something so serious as personal debt support.

Most people that call our free debt helpline for debt support, struggle to find a way that enables them to pay bills when they can afford to pay them and the amount that they can afford to pay.

If you set a budget each month that you stick to, this can be the first step to financial freedom, you may not have all the things that you wanted that month but you will certainly not have a credit card bill for items that you most problaby never needed. Not all personal debt is built up from what we call “retail therapy” but you would be surprised at how much is.

When you have decided that you need to obtain confidential support regarding your financial situation, please call our helpline without delay, often the sooner you sort and solve a debt problem, the easier it actually is to manage.

Call Lewis Alexander free using 0800 018 6868, lines are open 24 hours / 7 days a week and your call is free!

Due to rises in fuel prices and the general cost of living, most people are finding it difficult to manage or reduce monthly payments that they have.

There is a point where some people find they cannot cut back any further.

Without the programmes enthusiasm in your front room, how can you implement the same money saving ideas and stick to them. One thing that was mentioned was the “impulse buy”, items bought out of a want, not a need!

Fed up of having no money left at the end of the month after paying all the bills?

There are a great number of ways to save money each month and the following are just a few;

• Change Electricity or Gas supplier
• Change Internet provider
• Change Telephone provider
• Change or reduce TV subscriptions
• Change Supermarkets
• Do not make impulse purchases only buy when you need to!
• Change Clothes Shops
• Change Petrol Station
• Change your car
• Change your Ways!!!

It is okay having this information but acting on it is very hard, sometimes it can take a massive effort as all the changes are a shock to the system.

We say this because when you have to cut back it can seem like a drastic change in lifestyle as you are used to buying luxury items that are not needed, this comes from emotional or impulse purchases, the money you used could have been used to clear other bills but the control is what was lacking.

Once you have impulse purchases under control, changes to your living expenses as mentioned above should start to have a positive impact on your weekly or monthly budget and ongoing expenditure. You should find you are reducing payments and other costs leaving you with more of a disposable income, the money you have left over each month after paying bills and all living costs.

Saving money can start with little things like where you buy your lunch each day or how you make it. Save on holidays, cars, nights out, clothes etc..

Life will seem strange but you will get used to it and then you can start a fresh!

If you have personal debt problems and are struggling to find a way to reduce repayments to credit card and loan companies, you can call our free debt helpline 24 hours a day, 7 days a week.  Call 0800 018 6868 free.

If you find yourself with a financial problem and have bad credit or are unable to cope with mounting debt problems, then you may want to search the marketplace for information that can help you discover the best solution for reducing or eliminating personal debt.

There are a number of very authoritative internet debt consultants and resources online that offer information for getting out of debt and they could help you with your personal situation.

Be very careful that you do not jump in with the first company that comes along without doing some research about the company, how long has the debt company been in business? Make sure you ring them to see how professional their approach is. After all you want your affairs to be handled on an individual basis and your interests should be of the utmost importance. 

Finding the best and highest quality of companies within the Debt Consolidation field will help and ensure your overall plan to reduce your indebtedness over the longterm is fruitful.

Unfortunately, there are a number of debt consolidation agencies, debt negotiators, and debt settlement consultants who will take you for a ride. If you find they are advertising their services saying that they can get your debts eliminated in 10 minutes or less, they are the kind of companies that you want avoid at all costs.

These claims are not justifiable and simply not possible. You need to work with a debt consolidation company that offers you viable and workable individual solutions to eliminate your debt in the medium to long term.

You must realise the real facts that no one can eliminate your debts without a personal Bankruptcy petition. Most debt management resources reduce debts through renegotiations with your creditors.

You will find that some personal debt consultants even claim to be able to “eliminate your interest rates” completely, this is not entirely truthful.

When a debt management company consolidates all of your unsecured debts, they will gather all of your unsecured debt repayments and roll them into one new single repayment, which then reduces your monthly outgoings.

If you aren’t dealing with an honest debt consolidation company or one that has a high reputation in the industry who can negotiate the best solution, there’s a very good possibility that they will also roll those high interest rates into your total debt, which may still reduce your monthly outgoing but unbeknown to you, will cause you to have a larger overall debt level.  Be very careful with this type of tactic.

Therefore, it is important that you ask the company or debt consultant about what it is they can do for you, after you have provided them with sufficient information for them to work out an overall plan.

Educate yourself a little with regard to what interest rates you have been paying on your current debts, so that you are empowered to have the knowledge to make an informed decision.

Above all, be prepared to pay a reasonable fee for the services of a reputable company. There is no such thing as a “free lunch”.  Someone has to pay the people who organise and negotiate on your behalf. Companies that claim that you don’t need to pay them anything are in fact being paid by the creditors and getting fees somewhere in the process. We find that many people would rather agree to pay a set fee and get on with the task of getting back on the right path.

You are advised to have all the proper paperwork regarding your debts organised and if possible obtain a copy of your credit report.

If you are in doubt, do some research of your own, telephone the companies that you have listed and contact them by phone.

Lewis Alexander Financial Management offer a first class personal Debt Management Service, nationwide throughout the UK. We have in house specialists who concentrate on debt management and loan consolidation and we have been looking after a great number of our clients for many years now.

Call the Lewis Alexander free debt helpline using 0800 018 6868, our lines are open 24 hours a day, 7 days a week and your call is free.

3XQF4PCJ73ZZ

We are specialists in personal debt management consultancy and help many people every day to clear and consolidate personal debt problems. 

• Personal Debt Consultants at Lewis Alexander will not charge you for advice!

If you are suffering from excessive charges and interest rates that are being applied to your credit agreements then you should take advice from a personal debt consultant sooner rather than later.

• Do not stick your head in the sand like an Ostrich, get professional advice from trained personal debt consultants.

Your creditors will be sympathetic to the problem you find yourself with and you should approach them with details of changes in your circumstances or with reason for the lack of your ability to repay.

When credit and debt becomes a problem, it can seem as though you are the only one suffering, this is not the case, if we all could see inside other peoples wallets, we may find a lot of other people in the UK are currently suffering from the same financial problems.

Personal debt consultants can help by advising the best solution to take with advice tailored to your personal situation.

Some people just carry on day after day hoping that the problem will go away, unfortunately it does not and often it will get larger over time if not dealt with. 

You must accept that you are not alone and personal debt consultants can help you, they are specialists in what they do and even though all of us are different, the problems we face financially tend to be the same.

If you would like to speak with a trained personal debt consultant in total confidence today, then please call our free debt helpline using 0800 018 6868, lines are open 24 hours, 7 days.

A lender or loan company makes a decision to lend based on the risk that you personally present to them regarding your ability to repay the credit you are applying for.

Examples of factors that lenders take into account when scoring your application for credit could be some of these that follow;

• Are you working or not?
• If employed is this full time or part time?
• Do state benefits make up 100% of your income?
• Do you have a UK bank account?
• Does your employer pay you in cash?
• Has a bad credit rating affected you from obtaining credit or loans recently from other lenders?
• Will you be able to repay the loan if you suffer a change in circumstance, such as loss of job, split from partner or less hours at work?
• Have you ever been declared Bankrupt, subject to an IVA or Debt Relief Order?

There are many factors that lenders will take into account when deciding to lend money to an individual and you should accept that each lender has different requirements that the proposed customer or client should be able to meet.

• A lender does not have to inform you of how they decide on approving or declining your loan or credit application.

Different loans require people to qualify in differing ways.

For example, a debt consolidation loan could be secured against a home, this would require the individual to usually be a home owner because if they were not, there would be no property for the lender to secure the new loan against should the person fail to repay.

An unsecured loan requires no security but rates of interest are usually higher to balance a lenders risk of loss due to none repayment or an unexpected time delay to recover the money leant.

If you have been refused a loan and then made further applications for credit within a short space of time, you may be surprised to learn that multiple declines for credit within a short period can mark your credit score down further.  This is then an alarm bell to other lenders when they search your credit file to see if they are happy to lend to you because they see all the other lenders declines.

You need to realise that more credit is not usually the best route and by obtaining free financial advice from a trained debt advisor, you will be able to clear your personal debts without another loan!

Debt solutions such as an IVA or Debt Management Plan could assist you.

• Some loan companies will charge you fees for an online loan search – be careful!

Can you really afford to part with another £50 or £60 without a guarantee of a loan? Some companies are making large gains from taking advantage of consumers in a vulnerable financial position.

When you have no other income apart from state benefits, it is hard to get a loan.  People on maternity leave can find it particularly difficult as they have a job but the income is reduced, creating extra risk to the lender.

If you think would benefit from a free telephone consultation with a trained loan advisor who can help you identify your best solution, call Lewis Alexander free using 0800 018 6868, our free debt helpline is open 24 hours a day 7 days a week and all calls are confidential.

• This is a mistake that can cost you dearly.

In the long term it can cause a greater indebtedness.  Usually, credit card companies will charge considerably more for the combined credit, applying interest rates that will be far greater than the current average of all your interest being applied to all your individual accounts. The last thing you would want is a higher interest rate leading yourself deeper into the cycle of debt.

The problem of getting into debt may have been primarily caused by the credit cards in the first place. It is already a well known fact that many debtors wanting to consolidate their loans are doing so because of unmanageable credit cards and therefore it makes little sense to use credit cards to consolidate personal debt!

• The whole point of trying to reduce debt is that you should be working to decrease your bills and outgoings.
• The common mistake people make is to take the easiest way out to pay off their debt with credit cards as they still have a line of credit available.
• This can cause a problem in the not too distant future if the individual suffers a further change in personal circumstances.

It is so easy to use more credit to pay for existing bills by paying one bill off and adding a new balance to a new or exisiting credit card or loan that will need to be paid off in the future.

The way to reduce your debt would be to get cheaper or less expensive rates of credit and pay off the more expensive credit first, which is usually credit cards.

You will find that credit and loan companies have large resources at their disposal in terms of the best lenders rates available and will have a better negotiating stance than you for the best debt consolidation loan rates. That action would achieve the desired results by reducing the debt in the long and the short term.

• Your only problem could be the fact that your personal credit rating does not allow for your lenders acceptance for providing this new loan.

Let us imagine for a moment that you owe money on your mortgage, car payments, insurance and some household bills such as electricity and gas.

Your first stop should always be to approach your mortgage company to let them know of your situation, they are a priority creditor.

• Burying your head in the sand will not make your debt go away!

It is quite amazing that people would take the easy way out and pay their mortgage using their credit cards instead of approaching the mortgage company and informing them of the personal debt problems. You will find that mortgage lenders are usually understanding of your problem if approached early on.

If the hardship is caused by a temporary situation from being out of work for a short while then this contact between you and your creditors can become a financial lifesaver.

You will still need a professional debt advisor if your situation persists and it is important that you find a way to reduce your outgoings in the long run to ensure you do not get deeper into debt.

There are a number of ways that an amount of personal debt outstanding can be consolidated and rolled into one new monthly repayment. Some of the most chosen options follow;

• Debt Consolidation Loan
• Debt Management Plan
• IVA or Individual Voluntary Arrangement

Each case is different and that is where a debt management company usually excels itself in providing the best advice for your own individual needs.

Lewis Alexander Financial Management offers a first class personal Debt Management Service, nationwide throughout the UK. We are based in Manchester, England and we have helped thousands of consumers suffering with personal debt problems in our history.

We have in house specialists who concentrate on debt management plans and personal debt consolidation and we have been looking after a great number of our clients for many years now.

Call Lewis Alexander on their free debt helpline using 0800 018 6868, our lines are open 24 hours a day, 7 days a week and your call is FREE.

• Need Debt Management Help?
• Find Debt Management Questions and Answers!

During the course of our business day, we receive a lot of questions from prospective clients about debt management, how we can help them, how much it costs and the best debt soltuin for them to follow. 

As you can imagine, all situations are slightly different and we specialise in helping people from all walks of life, you could be a single parent with a low paying job or even a footballer.  Yes, even they get into these kinds of financial situations and need help with their debt problems. They are fully aware of the quality help a debt management plan can give them should it be needed.

• We have listed a few of the questions below, 

One of those often asked questions is – How can a Debt Management Plan help me?

Debt Management Plans can help you if you are struggling and unable to repay consumer debts such as personal loans, credit cards, store cards, bank overdrafts and catalogues etc.  If your income is lower than your outgoings, this will cause you to get further into debt each month.

A Debt Management Company will gather all the information from you regarding all your unsecured debts, your income from wages and any other means including state benefits and then decide with you, how much you are able to repay as one monthly sum to start the pathway to reducing the total indebtedness over time.  One, new and affordable simple monthly payment is arrived at with the client to ensure they are comfortable with meeting that payment.

• The Debt Management Company will then negotiate with the various creditors as to the amount they will each receive monthly. 

As you can imagine this involves a fair amount of work and negotiation with the various creditors.

One of the most common types of feedback we receive is that clients are so thankful that we make this process as pain free as possible and we manage to arrange a new debt repayment plan without the clients having to even write one letter.

It is possible to arrange all this yourself, but imagine just for a moment how much time energy and cost would be involved in the process if you were trying to deal directly with your creditors.

• A client who is already in financial trouble is less likely to be able to cope with such situations as well as trying to negotiate the best terms possible.

Yes, it’s true that a debt management plan will cost you a small amount each month, payable as part of the payment plan and usually included within your monthly payment but the cost is negligible when you consider the many aspects involved in arranging a structured repayment plan yourself.

• One needs to peek into the management side of a plan to see what is involved and appreciate the complex negotiations a reputable debt management company undertakes on behalf of a client.

Once a sensible monthly payment is agreed, the debt help provider will normally distribute your payments monthly on your behalf to your creditors on a pro-rata basis, minus the costs of the plan.

• A second question we receive is;

Do I need to pay any legal fees and Do I need to put my property up as security?

The answer to that question is NO in both cases! 

A Debt Management Plan is not a legally binding agreement and therefore no legal fees are involved.  If you have a property, this will not be needed for security when entering into an informal debt management plan.

What you will also find is that once a fair payment plan is arrived at, most creditors are very flexible in their attitude towards a debtor.  This is very probably due to the fact that many lenders or loan companies look at it with the attitude that the person involved has taken the positive steps to approach a Debt Management Company and made efforts to re negotiate their debts.

• This is a very positive move!

They can also be very flexible depending on your track record of repayments.

You must bear in mind that under normal circumstances, debt management plans usually do not deal with but do take into account any secured loans such as mortgages or court fines and any tax arrears. These debts are normally budgeted for within your expenditure part of debt management plans financial statement.

For impartial advice on how a Debt Management Plan can help you right now, contact Lewis Alexander and ask to speak to a personal debt counsellor for free advice.

Professional debt companies like Lewis Alexander understand what people are going through and are willing to offer assistance that allows you to cope in these difficult circumstances.  We will help you review all your finances in private and make a suggestion for a positive solution.

Lewis Alexander Financial Management, offer a first class personal Debt Management Servicenationwide throughout the UK. We are based in Trafford Park, Manchester and we have helped thousands of people in our history.

We have in house specialists who concentrate on debt management and personal debt and loan consolidation and we have been looking after a great number of our clients for many years now. 

Call Lewis Alexander on their free debt helpline using 0800 018 6868, our lines are open 24 hours a day, 7 days a week and your call is free.

If you are worried about debt problems it can start to escalate very quickly and it almost feels as if it is out of control before it actually is.  The stress of debt can be very upsetting to anyone that is going through times of financial crisis or hardship.

This is not something that is a problem for only adults but it also affects the younger generations.  As times have become harder, many people have dipped into past savings to cope with the harsher economic climate and unemployment.  Increasing outgoings and money for basics such as rent, rates and heating are becoming hard to meet and find.

• You may already be in a situation that seems to be getting out of control and you think that there is not much you can do to get yourself out of this debt trap.
• You may be already feeling depressed and unable to sleep.

Let me tell you that even if you are in any of the situations above and as Christmas, the festive season is around the corner, you have many solutions that will make a real difference to the way you feel about yourself and your financial situation.

• You can make one simple phone call to a professional who knows how to deal with your situation!
• You may be going through phases of guilt and shame because of your financial status?
• Professional counsellors have been dealing with these kinds of situations for a long time!

Worrying about your debt can take over your whole life and start you on a path of creating negative views and differing judgment on everything around.

• All of a sudden the situation seems bleak, but there is help available!

Approach a reputable debt management company and you will be put at ease immediately.  The most difficult situation is to come to terms with the debt itself, ask for help, seek professional advice from people who have your interests at the heart of what they do, talk to them, and discuss your situation today in confidence.

Once you have made that initial contact you will find that things are not too bad.  You will certainly feel that you have the courage to deal with the problems and suddenly you can see a glimmer of light at the end of what seemed to be a long bleak tunnel.

• Are you lying awake at night worrying about debt problems with Christmas just around the corner?
• Have you been wondering how you will cope with trying to keep the children happy over the Christmas period?
• Find yourself getting angry with you and the people around you?
• Are you feeling depressed and feeling that you are all alone in debt? 
• Stop… Make one free call now!

Take a look around a few of the best debt management companies, spend a few minutes and check out their credentials.  Make a simple phone call and the hardest part is finally over. Your advisor will have a confidential chat with you to see where they can help and with what solutions.  Always remember that you need to take action to help yourself make the decisions that may seem difficult initially and start making adjustments to your own lifestyle and expenses.

Lewis Alexander Financial Management offer a first class personal Debt Management Service, nationwide throughout the UK.  We are based in Manchester and we have helped thousands of client’s in our history.  We employ specialists who concentrate on debt management and loan consolidation and we have been looking after a great number of our clients for many years now.

Contact Lewis Alexander online or call them using UK free debt helpline 0800 018 6868, lines are open 24 hours a day, 7 days a week and your call is free.

The above are comments from within client testimonial letters, received by Lewis Alexander Financial Management.

We have been reading through some of the many letters and emails we receive from clients that have been using the services of a Lewis Alexander debt management plan.  The identity of the person has been changed to maintain their privacy of course and permission has been received from them to list the letter on our blog.

“I just wanted to write and let you know that since contacting your company I have been making progress with my life and my personal debt.  Before I contacted your team, I was going through a very difficult time, since I had never before been in any kind of financial arrears or personal debt but I found myself exasperated at circumstances with my work and the debt that I had built up due to compounding problems in my personal life.  I had done my research on quite a few companies and your company came up in my online searches, so I took the plunge and gave you a call on your free debt helpline.  That was a very difficult decision to make but I had realised that once I accepted my situation and that I had to accept my own part in the process, I had to take action and do something about it.  I wanted to let you know that it was probably the best decision I made.  You personally answered my call and put me at ease straight away and were very sympathetic to my predicament.  The mere fact that you listened to my debt problems and came up with solutions with regard to the debt management plan and the various paths that I could go down lifted a huge burden that I had been carrying around with me.  I know that it was affecting me and everyone around me.  Once you outlined what I needed to do and the details I needed to send to you so that you could work out what I could reasonably afford to pay and manage my debt, I felt like I could go out and get on with my life again.  The fact that you were also able to negotiate with my creditors with the repayment plan we came up with was a leap in helping me along and coping with the mountain of worry I had built up.  I had worries of the bailiffs and debt collectors turning up from the credit companies who I had not been able to pay and realised that had I not buried my head in the sand so to speak earlier, I would have been in a much better situation.  Once the debt management plan was in place, I was almost a different person. Knowing that I would be sending all the nasty letters received from my creditors directly to you to deal with every week and not worrying about it made a huge difference to my daily life.  May I thank you for at first helping me come to terms with my mounting personal debt problem, helping me to deal with the situation by talking to me when I needed someone to talk to about my concerns and finally, negotiating with my creditors for a reduction of interest and charges being applied to my accounts.  I would not have been able to do that on my own, regardless of my past business successes and knowledge!” 

Allan - (Real Identity hidden due to data protection)

That was an extract of part of a letter we received after we accepted Allan as a client and we were able to help him deal with his debt worries and work out a solution for an affordable debt management plan. 

Please be aware that we try to help people in these situations and no two people will have the same circumstances, we will advise the best way forward depending on the individuals current circumstance.

A debt management plan may be one of the options that we suggest for you. You must make the first move and contact our team, so that we can discuss your personal financial problems.

Lewis Alexander offer a first class national debt management service throughout the UK.  We are based in Manchester and have helped thousands of people in our history.  We have in house specialists who concentrate on debt management plans and personal loan consolidation and we have been looking after a great number of our clients for many years now.

Call Lewis Alexander using their free debt helpline 0800 018 6868, lines are open 24 hours a day, 7 days a week and your call is free.