Debt Management
The client benefits from one monthly repayment to Lewis
Alexander and we distribute the money to the creditors.
Debt management offers similar benefits to that of
a debt consolidation loan without actually having to
borrow any more money.
This is an informal process where by your creditors
are offered an informal but structured repayment plan
to repay your debts in full.
It is not guaranteed that creditors have to accept
offers but it is a principle of law that any reasonable
offer made by a third party on behalf of the client
must be accepted.
Debt Management can often mean that interest and charges
are reduced if not frozen but again this is subject
to the discretion of each individual creditor.
Companies will often make false claims about periods
of repayment and you should be very careful when deciding
which company to select for help.
This is a very good option for anyone refused loans
or further credit.
We help you get rid of bad debt by providing loans
at a lower interest than what you are currently paying
so you can afford those monthly bills. You may feel
your debt problems have no solution and feel that there
is no help with your debt available as your debt is
HUGE. We help find solutions to your debt problems and
deliver loans to consolidate your debt brought on by
excessive loans, credit cards and more. Please call
us for a no obligation consultation or Apply online
by using the form provided and we will call you straight
back
Debt Management for Repossession
Repossession is an unfortunate circumstance in which
some of us may have to bear at some point in our lives.
Repossession is normally caused due to a situation which
makes us unable to pay off debts or the actual mortgage
repayments on your home due to debt management being
non existent.
IVA - Individual Voluntary Arrangement – Debt
Management
There are debt management companies who offer services
& can give you advice regarding repossession &
this information could help prevent the repossession
of your home. If you owe over £15,000 one of the
services you may be offered is in the form of IVA's
or Individual Voluntary Arrangement. The IVA is presented
to the lender via an insolvency practitioner when the
debtor is applying for bankruptcy. The whole point of
an IVA is to reach a compromise, which is agreeable
to both parties, under the supervision of the licensed
insolvency practitioner. An IVA is completely private
& only you, your advisors & your lenders will
know about the agreement. This agreement gives you more
freedom than bankruptcy & leaves you open to take
out another mortgage if you require. With successful
debt management and debt advice you are able to get
out of money troubles.
A common outcome to an IVA is to cut your debts to
a level you can afford over a fixed time period, normally
about 5 years. Those applying for an IVA should take
into consideration that the monthly payment will be
as much as you can possibly afford in comparison to
your budget.
An IVA provides a number of advantages & disadvantages
for the debtor. The main advantages include the fact
that the debtor draws up the proposal which makes it
very flexible & can be created to suit your personal
situation. Another benefit with this type of debt management
is that you are not restricted like you would be through
bankruptcy, so you still have the option of taking out
another mortgage if you require & you can still
hold an important position in a company. The disadvantages
are the timescale of the repayments as these tend to
be longer than bankruptcy, secondly if you drop behind
on repayments your home & assets are at risk &
you can still be declared bankrupt.
Debt consolidation loans online. Consolidate your debts
into one manageable monthly payment. Enquire today.
We are able to give the right advice on what the best
options are for you to be able to afford your monthly
debt. With professional debt management you are able
to bring the monthly debt to a less overhead and afford
to pay the bills. There are so many options out there
to help you manage bankruptcy debt you just need to
speak to the right people that have experience and are
familiar with your bad debt management situation.
Debt Management UK
Our aim is to provide free debt advice
and help to UK consumers above the age of 18.
In the first conversation we will take the clients full
income and expenditure details along with all their
respective creditor details and then advise based on
sound experience. All advisors are trained to deal with
all areas of personal debt and can very easily distinguish
quite quickly the best advice regarding the options
available ie, Debt
management, Bankruptcy, Re Finance / Mortgage /
IVA. Lewis Alexander Limited are based in Manchester
UK
www.lewisalexander.com
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