Tag Archives: insolvency

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

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

Effective Methods of Debt Management That People Can Use Today!

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.

Christmas Money Saving Tips from Free-Debt-Advice.co.uk

The festive season is fast-approaching and while kids are getting giddier by the day, Christmas can often bring a sense of sheer consternation for adults across the UK.

The pressure of playing Santa Claus often means that parents spend far more than they can afford to, in order to keep their children happy and entertained.

A 2009 survey showed that 77% of parents were willing to incur debt to fund their festive spending, during what is already an expensive time of year. Research showed that the average family forks out almost £40 a day on keeping boredom at bay from their children during the Christmas break.

Along with splashing out on toys and gadgets, parents are most likely to keep children entertained by spending on additional activities such as going to the cinema or going out for meals.

And so we thought now is the time for a bit of money saving advice, just in time for Christmas! With six weeks to go, our message to you is… relax! Although organisation might be your forte, research shows that buying presents before December could cost you around DOUBLE than getting them closer to Christmas.

This is down to the fierce price wars in which retailers slash their prices in order to entice all of the Christmas shoppers. According to the comparison website mySupermarket, prices for puddings and chocolates are far higher now than they usually have been in the December of previous years.

Johnny Steel, a spokesman for the website, said: “It’s good to be super-organised ahead of Christmas but often it’s worth holding back on buying your treats until December.

“As early as September we’ve been teased with mince pies, Christmas puddings and sweets in supermarkets tempting us to stock up in advance.

“But as the research shows, on average prices will drop in the coming months.”

According to CreditAction statistics, average consumer borrowing via credit cards, motor and retail finance deals, overdrafts and unsecured personal loans has risen to £4,433 per average UK adult at the end of September 2010. As great as Christmas is, do you really want to be putting that burden on yourself?

Incredibly, it is estimated that almost a third (31%) of personal insolvency procedures and debt management programmes that occurred in March 2010 were triggered by overspending during the festive season.

So our message to you is, as ever, spend within your means! And Merry Christmas.

ABOUT US

We are a national company providing free debt advice, where you can be sure of getting honest and confidential advice about your debts.

It is our policy not to charge for any debt advice or IVA guidance we offer, we aim to ensure that the appropriate debt solution is advised.

We advise over 1,000 clients a month on where or how to get assistance. A fee is only charged if the appropriate solution we recommend for your circumstances is handled by ourselves. We will inform you what the fee is for and details of all the work we will carry out on your behalf, this will be done before we commence any work.

We will also review the solution recommended to make sure that if your circumstances change that the appropriate advice is offered. We feel it is essential that you have a free choice for yourself in determining whether we are or aren’t the company you choose to work with in resolving your debt problems. Any costs incurred are paid over a period of time.

Be fair to yourself and be fair to your creditors and get advice from R&R Financial Solutions.

R&R Financial Solutions Ltd
Glenfield Park Two
Blakewater Road
Blackburn
Lancs, BB1 5QH
Phone: 0800 9887 007
Email: help@free-debt-advice.co.uk