Welcome to the Free Debt Advice website

With millions of people heavily in debt and an economy that isn’t looking like taking a turn for the better anytime soon, the debt relief industry is growing as companies rush to offer their services to increasingly desperate debtors. All of the debt relief options available to people have attributes that prove beneficial depending upon the individual circumstances of the debtor. But how do they know which to choose.

That is where we come in. Why not get in touch to learn more.

Debt

Welcome to the Free Debt Advice website! Money

Welcome to the Free Debt Advice website. We are here to advise you on all aspects of debt management. There are really only four main debt relief options available to debtors, and their usefulness depends entirely on the individual situation.

Credit counseling was a service that was originally provided to debtors by non–profit organizations, which worked as a liaison between credit card companies and debtors, negotiating monthly payment plans and lower interest rates for consumers who had fallen behind on payments. This is a good option for debtors who can live without drastic cuts in monthly payments.

Debt Settlement is a process where somebody negotiates on the debtor’s behalf with creditors to lower the overall in exchange for an agreement of lower, but guaranteed and regular payments. Debt settlement is perfect for debtors that require drastic cuts to their monthly payments although, once the cuts are negotiated, they absolutely have to meet the reduced payments.

Debt consolidation is where a debtor can merge several lines of consumer debt, typically credit cards, in to one debt, and with a decreased overall interest rate, plus a single monthly payment, making their debt management a much faster and easier process. This is good for a debtor looking to save on interest but otherwise able to handle their monthly debt payment obligations.

Bankruptcy is obviously the final and most extreme option, but has severe repercussions on future prospects, and so should generally be avoided if possible. If you are interested in Free Debt Advice, feel free to contact us.

 

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We do not provide tax, legal or accounting advice.

This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice.

It is advised you should consult your own tax, legal and accounting advisors before engaging in any transaction.

Contact Simon Ling

Burnham House, 93 High St, Burnham, Slough SL1 7JZ sl@simonling.co.uk

 

Quick Facts

Loans between £5,000 and £200,000. Current Max LTV 85%.

 THINK CAREFULLY BEFORE SECURING OTHER DEBTS / LOANS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT / LOAN SECURED ON IT.

IMPORTANT NOTE: Rates Subject to status. Loans secured on property. Written quotations upon request. Typical rate between 5.59% and 14.3% APR dependent on status. See Interest Rates