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Are you finding yourself in debt difficulties and finding it harder to cope? Don’t borrow more money! Debt Advice Online can advise you of many Debt Help programs that can reduce your monthly bills by up to 70%! Also, we can clear all your existing loans, credit cards and other debts by replacing them all with one lower monthly payment. One of our advisors will work on your behalf negotiating to lower your repayments with your creditors, leaving you hassle-free and able to relax about money once again. So… how does Debt Help work? Debt Help allows you to pay one lower monthly payment to all of your unsecured credit companies, taking away the stress and worry of the day-to-day dealings with your creditors. Your creditors are then able to see regular monthly payments being paid to them by our company. We find they will be happy to deal directly with us to negotiate the freezing of charges and interest on your accounts. Once your payments are in place Debt Advice Online undertake regular reviews of your account so that you may increase payments to your Debt Help plan and pay back your debts quicker.
Is Debt Help the right choice for me? Yes. If you cannot meet your current repayments, but you can afford to pay at least £100 per month then a Debt Help Plan will be right for you. Debt Advice Online is committed to finding the right debt solutions for you. We have a great deal of experience and knowledge of all the Debt Help solutions available and we can confidently recommend the right Debt Help for you. If there are other options available to you we will advise you accordingly. What are the advantages and the disadvantages of a Debt Help Plan? The key advantages of a Debt Help Plan are that you pay one lower monthly payment from your bank to Debt Advice Online. Another advantage is that the hassle of communicating with all of your creditors is handled by Debt Advice Online for you. We also will attempt to have the interest payments frozen on your loans, credit cards and store cards. You will only ever pay to your creditors what is considered to be affordable once your essential living costs have been taken into account. This way, you should always be able to pay your essential living costs first. Debt Help is probably not for you if your debts are likely to be higher than £15,000. If this is the case then you may want to consider applying for an IVA. You can find out more about IVA’s here. Debt Help can have an adverse affect on your credit record. Also it will take longer to pay back your credit due to the fact that you are paying less back to your creditors each month. More information You could be paying off your debt for a very long time; this is largely because your credit companies may not have to freeze the interest payments. This could lead to a never-ending debt situation in some cases where the debt value is higher. Whilst you are on our Informal Payment Plan, the payments that are made to your creditors can be lower than the contractual payments. Your credit companies will want to register the missed payments that are not being paid, as a default of payment. This will almost certainly stop you from obtaining further credit whilst the credit that you already have with them is being paid. OK, so now you have the key facts about Debt Help, would you like to know more? Feel free to contact us at any time and one of our advisors can talk you through the options without obligation. |
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