Can you deal with all my debts?

  • We can help you to consolidate all 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 lower than you are currently paying subject to your income and expenditure.

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 them. We could also be able to get your interest and charges frozen utilising an IVA, in which case the repayment period may be reduced or capped at 60 months (5 Years).

Will you freeze interest and charges being applied?

  • There are no guarantees that creditors will agree to freeze interest and charges being applied to accounts whilst on a debt management plan, it is down to the debt management company to attain agreement with the creditor/s.
  • Due to the way we charge for our debt management service, clients can benefit from the services of Lewis Alexander as we only charge a set fee. Not a percentage of your monthly repayment.
  • If you wish to pay more one month, we will NOT take any more of your money as a contribution to our fees.
  • This charging method can assist us in getting 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 unsecured personal debts immediately without entering a client into an Individual Voluntary Arrangement (IVA) is not being honest with you.

Debt Management
Insolvency or IVA
Debt Consolidation
Trust Deeds
Bank Accounts