Personal Debt Management Help and Advice

On February 8, 2012, in News, by Lewis Alexander
  • Do you need help with personal debt?
  • Obtain onfidential help with your personal debt problems from UK debt consultants in Manchester, England.
  • free credit report UK from ExperianIf you are being controlled by your personal debt problems and feel your life is ‘on hold’ until your debts are sorted, then perhaps it’s time to get professional debt help and advice.
  • Debt that is not correctly managed often just gets steadily worse and very little of what you pay towards those debts actually goes towards reducing those debts.

At Lewis Alexander, we are a team of professional debt advisors whose aim is to help get as many people as possible out of debt. We have a team of dedicated individuals who are specialist debt management and IVA consultants.

We are dedicated to providing confidential, personal debt counselling to financially struggling families and individuals through personal debt management help and advice.

 

Because there are so many different ways of tackling personal debt we like to talk to the people we are trying to help as soon as possible. Every day lost is more interest and charges needlessly being paid to creditors. Don’t wait a day longer.

Call us right now using 0800 018 6868 and let one of our trained advisors start you on the road to being clear of debt today. It doesn’t cost a penny for the call from a UK land line. It could mean the beginning of the end for your debts though, at “Lewis Alexander” this is what we want for every single one of our clients.

Debt Help UK

  • Are the debt repayments you make each month eating up nearly all of your income?
  • Are the letters and phone calls from creditors getting you down?
  • Have you had a debt consolidation loan refused?

At Lewis Alexander, when we speak to people who come to us with debt problems they always say how much better they feel even though they have only had the initial talk with a debt management advisor. Once we have discussed their situation and come up with an effective debt management plan for their future, the debt management help and advice makes a great difference to peoples lives.

Use the following links for further debt management help information!

The debt advice and help is on offer, all you have to do is call 0800 018 6868 today. Talk to our trained debt management advisors and they will give you confidential debt management help and advice to clear your debt.

  • Call today in confidence! – 0800 018 6868 – lines open 24hrs / 7 days
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Approaching retirement, my pension lump sum wont clear my debts!

On November 17, 2010, in News, by Lewis Alexander
  • When you bought the Beatles hit ‘When I’m sixty-four’ on short play vinyl with one of your first pay packets, it all seemed so far away.  Now a mere forty-something years later, you’ve reached the age of the song’s infamous title!
  • But wait, you’re not ready for it yet!

free credit report UK from ExperianThe unexpected ‘surprise’ third child that you tagged on the end has only just finished university and you are still about ten years away from finishing paying for their studies, the new conservatory and that place by the sea that your wife insisted upon. (Note to self, why oh why didn’t we keep the wife’s flat when we moved in together in the swinging sixties?)

The pressures of ensuring that the children completed their studies, whilst keeping a stable home meant that real planning for retirement seemed pointless as it felt just so far away – except it wasn’t. So the daily expenses were still being piled onto the credit cards, whilst new mortgage deals had still been taken out in your early sixties.

  • The bit that said you would be repaying until you were 75 was lost in the reams of small print that so many of these agreements commonly contain.
  • So surely it wasn’t just the unexpected extra child that led you into this mess?

Well, despite being one of those baby boomers born just after the end of World War Two, whilst many have been very lucky, there are some that seem to have fallen foul of every possible financial mishap.

  • For all too many a family the story reads like this:

Taking an endowment out in the 80’s, just prior to the Wall Street crash, was not the best of starts. A failure to capitalise on Maggie’s privatisations followed, prior to the blackest of black Wednesdays meant that you then lost a job in the early 1990’s, right in the middle of the era of ageism. That is before Brussels interfered!

The remnants of the ‘Power 80’s’ meant you were finished at 40-something, with none of that modern thinking that the middle and end-career applicants have oodles of experience to offer.  Sadly, there was more to come. Being loyal to the bank had meant that you enjoyed a good relationship with a bank manager (who still wore a mac in the pouring rain), but also meant that you missed out on the Abbey National, Alliance and Leicester, Halifax & more demutualisations that handed out £thousands in a short space of time. Then finally, when interest rates started to come down at the end of the 1990’s and the turn of the century, you took a 5-year fix as 6.5% seemed like a great rate (you recalled only just hanging onto your house when rates topped double figures in the 1980s). So you missed out on several good years when you could have been paying a sizeable chunk down on your mortgage.

  • Sob story over, put quite simply, what are you going to do now?
  • The first step in any financial planning is to understand the here and now.

Start by calculating how much you really owe and who you owe it to. Continue by detailing the everyday regular expenses that you incur and your anticipated earnings for retirement. By contacting your pension provider to understand your exact pension income and lump sum options, you will now know exactly what retirement means for you and so it is now possible to look at the options available.

Many people approaching retirement opt to work beyond the standard retirement age. Although the ability to do this varies by industry and employer, start by having a chat with your boss to see if this is something that might be possible – if you want to stay on that is!

If you are worried, unsure or simply don’t know what to do next, then contact Lewis Alexander on 0800 018 6868. Lewis Alexander are personal debt management consultants who can help you understand what options may be available to you.

By calling FREE for a confidential financial healthcheck, we can talk you through the debt solutions available and find one that is best for you at the moment. As we are independent, we look at all cases individually and without bias, prior to agreeing with you the best next steps to take.

We offer a range of financial solutions, from debt management help to insolvency advice. Call one of our debt management consultants now on free phone 0800 018 6868 and start to work out a way to clear your personal debts.

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How can a Debt Management Plan help me?

On December 16, 2009, in News, by Lewis Alexander

How can a Debt Management Plan help me?

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

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National TV Advert

On October 29, 2009, in News, by Lewis Alexander
  • Our national TV advert for personal debt management help and advice in the UK.
  • Clear debts without a loan is the name of the advert, we did not spend much on producing the advert, we prefered to spend on showing it.  We are proud of how it gets our message over without having to have spent a small fortune.  This benefits our clients by helping us keep our costs down.
Debt Help Service

Our National TV Advert for Debt Management Plans

Call today for free debt help and advice if you are struggling with any personal debt issues using 0800 018 6868

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