FAQ’s with Get Help With Debt
If you are struggling to pay your bills, please don’t ignore the mail and phone calls. The more you ignore the issue, the more difficult it will be to sort it out. At Get Help With Debt we know that lots of people find it hard to take the first step to seek help, so we created a series of online questions to let you check if one of our solutions is likely to be useful for you.
Most of the people we help have more than £6000 of debt. They come from all backgrounds including homeowners, tenants, employed and self-employed people. Some have missed lots of payments, but others are just struggling to keep up.
We have lots of different solutions which may be right for you, but as they come in a range of formats we always suggest you check your circumstances with our question checker and if it says we can help, the next step is to take advantage of our free consultation. The aim of the consultation is to let you explain your situation so that we can tell you about all your different options. Once you know the choices you have, it will help you to decide what you want to do next.
Some of our options are:
- An IVA which is a formal agreement that we negotiate on your behalf to pay back some of your debt over a time period which is affordable to you.
- A debt management plan which is an informal agreement between you and your debtors to pay back what you owe at an amount which you can afford until it is all paid off.
- Self-petition bankruptcy which means your circumstances are reviewed and assessed by the official receiver (the government’s insolvency department) and your assets can be sold to pay your debts.
- A debt relief order which allows your debts to be fully written off but only in very strict circumstances.
- A re-organisation/consolidation loan which puts all your debts into a single affordable payment.
- A negotiated agreement where you can agree on a settlement or payment arrangement with your creditors to make payments over an agreed timeframe or even agreeing to write off some of your debt.
When we talk to you about your personal circumstances, we will talk you through any of the options which you would be eligible to apply for. We will explain how each option would affect your credit score and for how long, whether any assets you own like your home would be taken and if it would affect your employment. We will explain whether your agreement would be shown on a public register and whether your creditors would still be allowed to contact you or take action against you in the future. Some options will immediately stop you from receiving any further interest and charges, while others need to be paid for.
With so many different options, don’t try to go it alone. There are ways to help you – but you need a specialist debt advisor who can help you to understand your options and choose the best one for your circumstances. Once you make that decision, we can help you through the whole process from beginning to end, so you won’t have to do things on your own. If you are worried about the cost and affordability of repaying all of your debts then call to arrange a no-obligation chat with one of our experienced advisors today on 02890 393626.