Debt Assistance to Assist people with Debts

On February 20, 2010, in News, by Lewis Alexander
  • 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 from a landline 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?

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!

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Debt Support Services

On February 19, 2010, in News, by Lewis Alexander
  • 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 from a landline personal 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!

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