Become Debt Free

read moreWe understand the stress of living with financial strain and take the time to examine all your options and pick the ones that will help you the most. We specialise in providing and administering Individual Voluntary Arrangement ("IVA") solutions to individuals based in England, Wales and Northern Ireland. We do not administer Debt Management Plans, Debt Relief Orders, or any other debt solutions. We only provide advice after completing or receiving an initial fact find where the individual(s) concerned meets the criteria for an IVA, therefore, all advice is given in reasonable contemplation of an insolvency appointment.

read moreIncome Tax debt is considered a high priority debt together with National Insurance, VAT arrears, and tax credit overpayments. They are considered a priority debt as the consequences of not paying them can be quite serious for you and your family. Income tax debt is part of Her Majesty's Revenue and Customs (HMRC), and not being able to pay them can lead to court action against you, confiscation of your assets or even jail. It is vital as you can imagine getting control of what you owe. It is important to make sure that you have provided the HMRC with the correct figures for your business income and expenses.

read moreWe do use Credit cards a lot lately. Paying for a big expenses when you need it and repaying the card later in smaller installments can be a great help when you are short of cash. They can be a great support when you have an unexpected situation at home or work. The problem with credit cards is that people tend to overuse them for even small payments or cash withdrawals. There are fees and interest rates that are quite high for credit card payments so the user should be generally limited to the essentials.

read moreA Debt Management Plan, commonly known as a DMP, is where either you or a third party negotiate lower monthly payments to your creditors. It isn't legally binding unlike other debt solutions, such as an Individual Voluntary Arrangement ("IVA"). Unlike an IVA, you will repay your debt in full. Your creditors may agree to freeze interest and fees on the debts included, but this is not guaranteed. If you opt for a private debt management company, they will charge you a fee for negotiating and administering your DMP.

read moreBringing a festive atmosphere at home during the holidays usually comes down to buying small and big gifts for all our loved ones. We love to surprise our children or partners with the one item they so much wanted or even a special holiday trip. But what happens when we cannot afford to pay for those things with our current salary? Many people use the credit cards or even small loans to pay for the festive season's gifts of trips and so they find themselves in debt when the season is over. The whole atmosphere during the holidays makes us forget about cash and go around those beautifully decorated stores without even thinking of our wallet.

read moreOne of the most important debts which you should try to pay off as soon as possible and always on time is the Council Tax debt. This debt is considered a high priority one, due to the power the local authorities have in regards to debt collection. The local government has more power and more legal rights than a private company or an individual when it comes to collecting the debt. They can access your bank account and retrieve money from your salary, confiscate assets or even send you an arrest order if you fail to pay your dues.

read moreThis type of loan is quite similar to the Secured Loan as you will notice. However, it is considered a loan that creates a higher debt risk for you and your property. The main reason this happens is that with the Logbook loans you have to give way the ownership of your car to secure the loan. Usually, Logbook loans are smaller in size, but taking such a loan you risk losing your car while still having to pay the amount you borrowed and the interest rates. Because of the risk, this kind of loan is usually taken by individuals who need an amount of money urgently to cover an expense or other bills that they cannot afford at the moment.

read moreIf you require some cash and your payday is still weeks away then Payday Loans are one of the solutions you might use. It is very common for many individuals to use this easily accessible service the loan providers are advertising. Usually, it is quite easy to obtain a Payday Loan, which you can easily do it online using simple applications. The cash you need is usually just a few clicks away. Be aware though that these loans are not without risk, and individuals are advised to avoid them, or at least use with caution when in an emergency and need for money.