Sleep better with advice on debt, knowing your debts are managed!
Personal debt advice in the UK has become an enormous issue for all kinds of reasons. Unfortunately it has had a stigma attached to it in the past which may stop some people dealing with their debt problems. This has the effect of actually making the situation worse when it would be relatively simple to get under control with the right advice on debt.
There are several signs that your personal debts have gotten out of control.
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Are your monthly outgoings starting to outweigh your monthly income?
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Are you scared to answer the phone and open your mail?
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Do you have debt collectors chasing you for money?
There are many possible routes to take when dealing with advice on debt. Every situation is different and a tailored solution needs to be discussed. Any one of the following could be the solution for you to find help with personal debts.
- IVA (or TRUST DEED in SCOTLAND)
- DEBT MANAGEMENT PLAN
- BANKRUPTCY
- DEBT CONSOLIDATION LOAN
If you are a bit wary of committing to a fixed term financial solution like an IVA or Individual Voluntary Arrangement, then debt management online can help you restructure debts in the short term. A debt management plan constitutes an informal agreement between you and your creditors.
Loans to consolidate your debts– taking out a debt consolidation loan to pay off all your current agreements (loans,credit cards etc) is often the simplest option as it can reduce your monthly repayments.
- REMEMBER ADVICE on DEBT SHOULD ALWAYS BE FREE
- Do NOT Pay for advice calling HIGH rate phone lines.
Individual Voluntary Arrangements
With an IVA, all interest and penalty charges are STOPPED! You will be given one affordable monthly repayment to make and this should stop all the creditor phone calls and letters you may currently be receiving.
An IVA will prevent court proceedings and even stop bankruptcy and after what is normally 60 months (5 years). Read about a Trust Deed in Scotland as laws differ there for financial help and assistance.
Bankruptcy is the end of the road as far as debt management or debt help. Once you reach bankruptcy, your finances will be sorted out by the courts. In a nutshell, if you reach the stage where you need to become bankrupt, it will mean that you will get a fresh start and normally your debts will be written off, conditions and restrictions do apply though.
Let one of our trained professional advisors call you today to help give advice on debt and find a solution to your debt problems. Peoples debt problems are rarely unique and we may be able to help you clear debt.
- Call 0800 018 6868 free from landlines, call charges from mobile phones may vary.
Do you need a Financial Healthcheck?
- Lewis Alexander are offering a Financial Healthcheck to people who find themselves struggling with personal loans, credit cards and overdrafts etc.
A Financial Healthcheck is conducted by looking at an individuals income and expenditure and other personal details such as home ownership or possible savings and age so that it can be worked out by a professional adviser what the best option for them is financially.
The need for such a service has never been greater and Lewis Alexander is proud to launch this service nationwide throughout England, Scotland, Wales and Northern Ireland.
- Lewis Alexander Financial Healthcheck as seen on TV.
Most people that call our personal debt helpline for a financial healthcheck find that it is a starting point of understanding and getting to grips with what solutions are available to them to sort or clear personal financial problems.
- Financial problems occur at all different times of life.
- The most important thing is that an individual recognises the problem they have and takes action to solve the problem as soon as possible.
The main solutions available to people in the UK to clear personal debts are as follows,
- Debt Management Plan
- Individual Voluntary Arrangement or IVA (a Trust Deed in Scotland)
- Debt Consolidation Loan
- Bankruptcy
- Debt Relief Order
- Equity Release
- Administration Orders
It is difficult for people to self diagnose themselves financially as they usually have experienced a change in circumstance and are preoccupied with the problems they face due to that change.
Once you have suffered a change in circumstance such as a loss of job or illness, it is very hard to catch up with finances that may have fallen behind. These could include rent or mortgage payments or even Council tax or electricity / gas arrears. Not all companies are sympathetic to your circumstances but you should make sure they are aware and put it in writing and send it recorded delivery, that way you can prove you made your creditor or lender or utility supplier aware of your change in circumstance and lack of ability to pay as normally expected.
If you do not contact your respective lender or utility supplier they cannot be expected to guess what is going on, if contacted they usually will make some sort of arrangement for you to catch up and pay off any arrears you may have been or are currently creating.
To best help yourself you can take advice from a trained adviser who knows what is best for you from experience of helping others in similar if not the same situations.
A financial healthcheck is one way of starting to find out exactly how good or bad your situation is. Whether you take the advice and act on it is totally up to you, those who do tend to act on advice sooner rather than later really do benefit from being pro-active as a financial problem usually does not go away without attention.There is no obligation to use our fee charging services after a financial healthcheck with Lewis Alexander.
You should be wary of paying upfront fees for any services that are not fully transparent, if something sounds too good to be true, it usually is!
If you think you would benefit from a financial healthcheck you can call Lewis Alexander free and in confidence 24 hours a day using 0800 018 6868.
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 personal debt helpline using 0800 018 6868, our lines are open 24 hours a day, 7 days a week and your call is free.
Lewis Alexander is registered in the UK to help and assist consumers with personal debt and other financial problems.
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 personal debt helpline using 0800 018 6868, lines are open 24 hours, 7 days.
- “A Debt Management Plan that actually worked, thank you so much”
- “You did what you said you would, I am now debt free”
- “It was a struggle but you gave me the support I needed”
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 from a landline 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 personal debt helpline 0800 018 6868, lines are open 24 hours a day, 7 days a week and your call is free.
- IVA or Debt Management
The most difficult decision when trying to clear personal debts can be which debt solution to choose after doing all your homework on the options available.
- Debt Management Plans or
- IVA – Individual Voluntary Arrangements
- are usually the two solutions that people have to decide between. When faced with the two options, there are many factors that influence the choice of informal debt management over an IVA and likewise, an IVA over a debt management plan.
It is very important that you understand the differences between these debt solutions, as if you do not, you could easily have the wool pulled over your eyes by a clever and unscrupulous debt advisor that wants to earn extra commission for placing you onto an IVA as opposed to an informal Debt Management Plan.
A professional debt management company such as Lewis Alexander will offer you advice tailored to your personal situation and if you are better suited to a debt management plan rather than personal Insolvency or an IVA, we will tell you, however, you make the final decision based on the debt advice given to you.
It is your choice no one Else’s!
When you are in debt it can feel like everyone else does not understand your particular situation and that you feel that your debt problems are some how different to all others. This is not true, it is actually a mental stigma associated with being in personal debt, you are not alone and your financial problem is usually pretty much the same as others around you, it is your personal change in circumstance that will differ to other peoples, this is what creates the problem of being in debt in the first place.
Some people split from partners or others suffer a death in the family, others may have hours at work reduce resulting in less income, the list is endless but what is the same is the debt problem that people find themselves with due to being set back financially by the change in circumstance they may have suffered.
The main difference between an IVA and Debt Management Plan (DMP) is that
- An IVA is a legally binding agreement
- A debt management plan is not.
With a debt management plan you can expect to repay much of what you owe. With an IVA, the debt that is not repaid within a 60 month period is then written off by your creditors, this is agreed at a creditors meeting prior to the IVA commencing.
The IVA will guarantee to freeze any interest or charges being applied to your accounts, a debt management plan will not and it is down to the hard work and efforts put in by your chosen debt management company as to how quickly your debt is reduced, make your selection regarding your chosen debt company or debt service carefully!
- The cost of choosing or selecting the wrong debt company or agency to solve your debt problems can be as high as the interest being applied by your creditors to your accounts.
- The wrong debt company will have no concern on actually getting the job done, they are more concerned with extracting funds from you and fobbing you off with none truths.
For honest, genuine, debt advice and help in the UK, call our free from a landline personal debt helpline today using 0800 018 6868, your personal details are dealt with in absolute confidence and your call is free!
If you are trying to clear personal debts in the UK and have found that when applying for loans or credit you have been refused, there are options available to you that enable you to clear debts without another loan. The 3 best known debt solutions are listed below,
Clear debt without a loan
- Debt Management Plan
- IVA or Trust Deed in Scotland
- Bankruptcy
Lewis Alexander is a specialist debt management company, we help people clear debts without loans, we also offer a free from a landline debt helpline to UK residents struggling with personal financial problems. The advice we give is based on individual personal circumstances and is often not what the person (possibly you) wants to hear.
This is where debt counselling comes in, we have a proven method of helping those that wish to be helped. Often in life, the truth is the hardest to accept, usually with any personal financial problem, there is an element of truth that needs accepting before the individual can move ahead. That is the hard part to get over and after what we call the acceptance period, the individual feels so much relief from the stress of the debt problem that they really can continue with a normal daily life just like they experienced before being in debt.
If you are suffering with financial problems such as mortgage arrears, missed or late payments on credit agreements etc, you must deal with the situation as soon as possible, in the time it has taken to read this article so far, you could have dialed our free from a landline debt helpline using 0800 018 6868.
Our advisors will help you to make a fresh start financially and offer you tested and proven methods that you can employ to combat the pressure from debt collection agents or lenders that may be chasing you. Letters and phone calls are the most worrying to people along with the threats of court action. There are laws that appertain directly to debt collectors and the procedures of collection that they undertake, more importantly, the Office of Fair Trading sets out debt collection guidance that the collection industry is expected to adhere to, just the same as the debt management guidance set out for debt agencies and not for profit debt charities.
For further advice and help on how to clear debts without loans, contact our personal debt helpline today, lines are open 24 hours a day/ 7 days a week and your call is usually FREE from a landline.
- Do you need help to clear debts in the UK?
- Are you struggling with your monthly repayments?
- Refused loans to consolidate personal debt?
At Lewis Alexander we understand how personal debt problems can impact on your daily life and we offer help and assistance to clear your debts without another loan. You do NOT need to take on further credit or loans to clear credit card debts or other unsecured credit agreements.
You can start by exploring proven debt solutions such as a Debt Management Plan or IVA (Individual Voluntary Arrangement).
Debt solutions such as bankruptcy are usually the last to be considered and also the most severe! Please remember that you should not pay debt companies for advice about how to clear personal debts.
There are many different ways of finding free help to clear debts, many sites online will offer information that when put together, gives you a broad but at times detailed explanation of solutions available to clear personal debt.
- Should you really trust the companies you owe money to when looking for help to clear debts?
Help to clear debts in the UK is usually chargeable when you use the services of a debt management company or Insolvency Practitioner that you would be expected to make repayments via a third party, other than when starting one of those two options, no individual should be asking you to part with any money unless you owe it directly to them.
- It is very important that people consider all options available when obtaining help to clear debts!
Apart from the main 4 solutions (debt management plans, bankruptcy, Consolidation loans and Insolvency) there are no magic ways of wiping out debt, unenforceable credit agreements do exist but not in the numbers that some companies are advertising!
- Debt management should only be entered into with the right company, do your homework!
- An IVA should only be entered into with a licensed insolvency practitioner
- A loan to clear debt should only be taken from a licensed credit broker
- Bankruptcy is entered into through your local county court
Be careful of being charged upfront fees for help to clear debt and services that may not even exist, some companies are charging people for loan applications to clear debts and these people are finding that loans are still not available to them, even though a fee has been paid!
Should you wish to discuss you personal financial issues with a trained personal debt advisor and simply need help to clear debt, please call our free from a landline personal debt helpline using 0800 018 6868, our staff are UK based, lines are open 24 hours /7 days a week and your call is FREE. All calls are dealt with in confidence.
