IVAsIf you are struggling with your debt repayments there is government legislation available, called an IVA, which could help you to write off debt you cannot afford. It is a type of "Debt Forgiveness Program". Under this government initiative you need to show that you cannot afford your debts. This is done by showing that your monthly living costs including debt repayments are more than your monthly income. Read more on IVAs... |
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Debt ManagementA Debt Management Plan is an informal arrangement between you and your creditors that enables you to repay your debts at a rate you can afford. When you originally took out your loans and credit cards you agreed to a repayment that was based on how much you borrowed and also an interest rate. |
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Debt ConsolidationDebt consolidation is simply a way of putting all your debts into one payment plan or product. The idea behind it is that the consolidation will have just one smaller and more affordable monthly payment. |
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BankruptcyNational Debt Relief provide advice and support for people looking to go bankrupt. Bankruptcy can be a great way of starting afresh. When your debts seem totally out of control, so much so that you will never pay them off, bankruptcy can take away all the stress of making debt payments. We now also provide a Bankruptcy form completion service for a charge. Read more on Bankruptcy... |
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Debt Relief Orders - To find out more about Debt Relief Orders Click here...