Debt Management Plans

Mortgages
The mortgage market has never been so competitive, so much so that most mortgage companies currently offer cashback incentives or reduced interest rates to attract your business, which is great news for the general public, especially if you shop around regularly to obtain the best deal to match your circumstances. These incentives are often big enough to reduce debt problems to a manageable level, or to enable you to clear them completely. If you have not had your mortgage appraised within the last 24 months, we recommend you speak to one of our advisers, you may be pleasantly surprised at the savings you could make.

Credit Cards & Store Cards
Paying off the minimum amount of your credit cards each month costs you a fortune. If you were to borrow £1000 on a standard rate credit card, and pay the minimum payment each month, you would pay back approximately two and a half times the amount you borrowed, and it would take about eighteen years to pay it back!

If you were to tear up your credit cards and add the borrowing to a new mortgage or consolidation loan at a keen rate, you could save yourself literally thousands of pounds.

Overdrafts
As with credit & store cards, if you are constantly using an overdraft facility, you are likely to be paying very high interest charges. If this borrowing were transferred to a low interest rate loan or added to your existing mortgage, your monthly outgoings can be reduced significantly.

To see how much money you could save by re-arranging your finances, simply answer the questions below or call one of our advisers on 0845 466 0278
Approx. Credit / Store card balance:
Approximate overdraft:
Approximate Mortgage value :
Approximate Property value :
Name:
Telephone:
Best time to call:

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Tell us your debt problem	Adverse Credit Mortgage specialist

Our debt expert, Wally Stone has over 20 years experience in dealing with personal debt.

County Court Judgments

If you fail to pay a creditor and don’t reply to their reminders there are several things that they can do.

If it is a secured debt for example, a hire purchase agreement they can repossess the goods without going to court if you have paid less than one third of the total sum. You will still have to pay the majority of the balance.[More..]

Bailiff harassment

Harassment of people in debt by creditors or their agents is a criminal offence under the Administration of Justice Act 1970.

It is often difficult to know what to do when you feel a creditor is not dealing with your account fairly. In order for you to identify what activities by your creditors may involve harassment and what can be done about the problem, this article outlines: [More..]

Credit Cards

For a great many of us the money runs out before the month does and then the temptation to use our credit cards to pay the bills kicks in. This is the beginning of the debt spiral and just what the credit card companies are counting on:. [More..]

Did you know...

According to a recent statement from the Citizens Advice Bureau, it could take 77 years on average for people asking for help with debt to get back into the black.

Britain's personal debt is increasing by £1 million every four minutes.