Debt

Is debt getting you down?

Here at loansquickly.co.uk we fully understand the pressures you are under because we help thousands of people with their debt problems every month. People like you who feel as if they have nowhere left to turn and no-one to help them get out of their chronic debt problems and the worst part is, there are a number of debt management schemes that can help you do just that, ie. get out of debt fast!

There are a number of different alternatives and each one of them is designed to help people with severe debt problems find a solution that fits their needs. Each of the debt solutions on offer will allow the individual concerned to either wipe out their debts, consolidate their debts or to reduce the amount that they are paying on their debts. The options are:

Debt management plan
A debt management plan is a way of reducing the amount you pay each month to your creditors ie. the credit card companies and unsecured lenders) Ideally, the total debt needs to be a minimum of £1,500 so it can work effectively and we will negotiate with your creditors to freeze or reduce the level of interest you are paying. It is a very effective solution for homeowners and tenants who are struggling to repay their monthly debts.

IVA or individual voluntary arrangement
This is for homeowners and tenants in England and Wales who have £12,000 or more of unsecured debts. The IVA is usually taken over a 5 year period and if there are any debts outstanding at the end of this period, they will be completely written off. An Individual voluntary arrangement is usually the best way forward for those considering bankruptcy as an IVA means that you can keep your house, becoming bankrupt means you will lose your house. An IVA means that just a percentage of your debts will be repaid over this time.

Debt consolidation loan
This is the most common debt management scenario. Debt consolidation is where you place all of your expensive (and high interest) loans and credit cards into one big loan with just one monthly payment. By extending the term of the loan and grouping all of the different loan balances together, you will ensure that your overall monthly payment will be a lot lower that it was previously and in some cases, you can save hundreds and hundreds of pounds a month every month.

For any of the options above, you can complete this simple debt management enquiry form and we will get back to you and explain your options.