Tag Archives: insolvency

Business, Consumer Services, Financial

Debt Management Solutions that Are Bound to Work: Insolvency Service PR

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If you are in dire need of getting rid of all your debts, then you need to use a reputable insolvency company. While there are several reasons that could propel you into getting into this tight fix, you cannot afford to remain in this state. If you dread the idea of the phone continuously ringing off the hook or someone knocking on your door, this is the best solution for you. With debt management, all your problems will be solved in easy and convenient steps that will propel you into the right path for financial freedom.

The good thing about this service is the fact that you will not be offered an overnight miracle that wipes out all your debts. However, you can rest assured that you will receive the appropriate guideline to ensure that you put your debts in order and over certain duration, clear it. This is because insolvency practitioners follow the guideline provided by Office of Fair trading and what is more, are also part of the most reputed Debt Association. At the end of the day, you can rest assured that the services you receive are of the highest quality and you will be completely satisfied with the services offered.

As stated earlier, a large number of UK residents are almost finding it impossible to stay on top of clearing their debts. This is attributed to factors such as the recession, increase in the number of unemployed people and the never ending credit crunch. After speaking to an insolvency practitioner, you will be able to understand the options at your disposal. Note that you will only receive advice from the best in the industry and as such, the debt management program will be tailored to meet specific needs.

There are several benefits associated with using an insolvency service for your debt management. For starters, they will negotiate on your behalf and this leads to a reduction or freeze of the interest you are supposed to pay as well as other additional charges. The process of dealing with demand letters and creditors calls can be demoralizing and the insolvency company will also take care of this on your behalf. With this option, you also get the opportunity to simplify the monthly payments into one manageable payment that ensures you clear the debts at a quicker pace.

One of the major reasons causing the increase in number of insolvency cases includes lack of proper planning and hindsight on the appropriate measures for lowering debts. As such, it is important to note that with debt management, you will be able to receive sound advice and support that will be offered in utmost confidence.

For More Information Visit http://www.hamiltonlockedebtmanagement.co.uk

Financial

Effective Methods of Debt Management That People Can Use Today!

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January 19, 2011 – The economic front that people have been exposed to in today’s world is almost unmanageable as the cost of living continues to shoot up at a very alarming rate. The recession does not make the situation any easier as it is now becoming harder and harder to make ends meet as the rate of unemployment is also soaring on a day to day basis. This has resulted in a large portion of the UK population turning to borrowing in order to take care of their financial needs. This is one of the major causes of insolvency in the market as people are not able to pay off the money they owe on time creating serious problems as the lenders need to get their money back to continue with business.

All hope is not lost however as there are numerous ways that a person can use for debt management to give them financial security so that they can be able to move on with life without any debts. This goes a long way to assist both the lenders and the borrowers as everyone gets what they want. A lot of research has been done to come up with effective methods that people can use such as:

Debt consolidation loans- this is where one gets one huge loan to take care of all the other existing loans. This is usually very convenient debt management practice as one can now concentrate on paying off one loan provider who usually offers the loan at affordable rates. There are very many institutions that offer these and one can find the one that offers the best rates to reduce the financial burden they have. One however has to have a solid plan on how to repay the loan to ensure that it is done fast without any complications.

IVA- this stands for Individual Voluntary Arrangement where a person signs a contract with the borrowers to have a fixed amount of money they will pay. This is usually the best options to take when things are almost hitting rock bottom and one wants to avoid filing for bankruptcy. Here the person’s assets are protected and the lenders come up with a flexible repayment period that the individual can handle with ease. One is also given a long period of time up to 5 years to pay off their debts. Once the contract is over, the lenders can no longer ask for any money from the individual as they are able to walk scot free without thinking of the debts. This helps to solve the insolvency problem as one can start afresh and avoid debts as much as they can.