Lewis Alexander reports current client debt levels for existing Debt Management Plans.
The amount of debt currently being managed under the wings of Lewis Alexander Financial Management escalates into many millions of UK GBP.
The average client being managed by Lewis Alexander Financial Management owes approximately £21000, whilst the amount of disposable income averages approximately £221 per client, this disposable income is offered as repayment to unsecured creditors after deducting normal and expected monthly household and living expenditure.
The repayment plans for many would identify that an IVA would be the best advice for the client but due to property ownership and other financial investments, most clients choose to stay on an informal debt management plan whilst leaving the option of the IVA (individual voluntary arrangement) open for a later date, there is nothing wrong with the client making this decision as long as the correct advice has been offered to allow them to make an informed decision.
- Client choice can and does overrule best debt consolidation help and advice!
This could be changed in the future which in some cases could be beneficial as we don’t always want to do what is best for us in life even though we have the correct advice or information to hand.
If you are struggling with personal debt issues and would benefit from the advice or help available from a debt consolidation service then please call our debt helpline which is available by dialing;
- 0800 018 6868
- Calls are usually free from a land line but mobile call costs may vary.
