Personal Debt Consolidation Services

On April 19, 2012, in News, by Lewis Alexander
  • free credit report UK from ExperianStruggling with paying off credit card debts?
  • Trying to find a fast way to pay off debt?
  • Need help to understand how quickly a debt consolidation service can get you out of debt?

Lewis Alexander is a personal debt consolidation service.

We help people to consolidate personal debts with or without loans and the individuals personal circumstance dictates which personal debt solution is best suited to that person.

With all the financial adverts telling us about personal debt and how to get out of it, a lot of people seem to be more confused than ever about what is available and which route is a sensible one to explore when trying to clear personal debts.

Contacting a debt consolidation service is one way of dealing with problem debts, this can help an individual when they are unsure about which way to turn when looking for ways to deal with the personal debt.

If you are struggling with different credit cards, personal loans and catalogues, you may not be even managing to meet the interest payments.  After taking assistance from a trained debt advisor at a reputable and established debt consolidation service you could change the way you live entirely.

Debt Help UK

Many people have consolidated unsecured personal debts into one manageable affordable monthly repayment through a debt consolidation service, which helps and assists them in managing the financial problems they originally faced.

  • Have you lost control of your personal finances?
  • Do you have to decide which bills to pay and which ones to leave each month?
  • Would you benefit from being able to reduce how much you have to pay to creditors each month?

If your financial situation means you can identify with the above statements then serious consideration should be given to how you can sort out your personal finances.

A debt consolidation loan is a very useful way of lumping together all your debts and making just one repayment each month.

Debt consolidation loans are subject to your personal status

When you have extensive personal debts such as store cards, credit cards, mortgage arrears and personal loans all making demands on your monthly income, it can become very difficult to make ends meet sometimes, especially if you suffer a further change in your personal circumstances.

Getting good financial debt advice before taking out a debt consolidation loan is very important and you should never be charged for that UK debt advice. If you are currently being charged for debt advice,  walk away!

  • With the help and assistance of a debt consolidation service you could be able to make just one affordable monthly repayment!

If you would like to talk to a trained personal debt consultant to see if a debt consolidation service could help you, please call Lewis Alexander today in confidence and one of our trained debt advisors will assist you.

A debt consolidation loan can form part of an overall personal debt management plan as well as remaining a stand alone solution in its own right.  Again this is subject to the person’s personal credit status.

Can a Personal Debt Consolidation Service really help me?  I think it may be too late!

Even if things have gone too far and a debt consolidation company or service is contacted too late, we will gladly assess your situation and make suggestions in an attempt to help you find a way out of the personal debt and financial troubles you may be facing.

  • Our financial helpline is free to call from a land line and our lines are open 24 hours a day, 7 days a week.
  • (Calls charges from mobiles may vary, please check with your service provider before calling)
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Can I pay off my debts or clear personal debt quickly?

On February 28, 2011, in News, by Lewis Alexander

Can you settle my debts immediately… please?

free credit report UK from ExperianWith increasing numbers of Brits turning to debt management companies for help, the question we encounter most is ‘Please, please, please can you wipe out my debts as soon as possible?’

99% of the time the answer is “No” and at Lewis Alexander we believe that our responsibility is to set our customers on the journey to a stable long-term financial existence.  Therefore, rather than starting with a solution we like to start by understanding the personal circumstances of each of our clients.

By completing a thorough financial healthcheck with any prospective new debt management client, we are then in a much better position to offer debt advice and debt solutions to best help our clients.  Typically, we find that the most common solutions are:

(1) Entering into a long-term or short term debt management plan

  • Where we negotiate with your creditors on your behalf
  • Potentially stop interest accruing on your debt – this is not guaranteed!
  • Agree reduced debt management repayment plans over an agreed period of time

(2) Re-structuring debt payments for our clients

  • Where we discuss with your creditors the current debt repayment amounts, term of loan/debt & the interest rate
  • Agree new terms that are more preferable to you if possible
  • Potentially change the debt solution that you are using

(3) Arranging partial settlements for outstanding debts

  • Where we negotiate with your creditors to encourage them to accept a reduced repayment, by way of one lump sum usually known as a short settlement or settlement in full and final.
  • Ensure that any agreement is acceptable to all parties

 

(4) Entering into an IVA

  • Whilst some of our competitors consider this to be the ‘first debt solution’ we prefer to use this as a debt solution of last resort.
  • An IVA is a formal agreement where you come to an arrangement with creditors you owe money to, to make reduced repayments towards the total amount of your debt in order to pay off a percentage of what you owe over a set period of time, usually 60 months.

The choice of debt solution depends solely on the individual circumstances of our clients, but each of these options take time to negotiate, agree and formalise. The only true option that leads to immediately sorting out debt as soon as possible, is the 100% (or very near) repayment of all of your debt. Which, if we are being honest may have made you less likely to have called Lewis Alexander to access our expertise in helping ordinary people, like you, who are in debt!

The one thing that we can promise to do instantly, in all cases, is to identify a solution that best suits you.  Should our service not be what you need we will try and refer you to a company or organisation that is better placed to help you.  For many people who are in debt they would ideally like everything sorted using the wave of a magic wand, however, this does not happen but the feeling that their situation is being managed professionally is enough to take away a large percentage of the pressure of being in debt.

We believe that by providing easy access to our advice means that we are better equipped to start working on your personal solution as soon as possible should you qualify for any debt solutions that we can offer.

So, if you find yourself in personal debt and need some help to turn your personal finances around then call us on 0800 018 6868 now.  Whilst we can’t promise instant debt clearance solutions, we do promise to work hard for clients and to look after your best interests.

  • Call us today and see if we can help you to start to relieve some of the stress of being in debt.
  • Our number again is 0800 018 6868.
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