If you have fallen behind with your payments we can help you to set up payment arrangements with your creditors.
We will work with you to produce a financial statement which looks at all your income and expenditure giving an idea of how much money you have left at the end of the week or month.
We will then look at your priority debts, things like Council Tax and rent, to come to an arrangement for you to pay these at an amount you can afford.
Once these have been agreed we will look at your non priority debts, things such as unsecured loans, credit cards, catalogues etc and make offers of repayment on these.
You will be responsible for making payments direct to your creditors.
We will make sure that we set the repayments at an amount you can afford and will ask for any charges or interest to be stopped. This will mean that all payments you make will come off your debt.
Having a payment arrangement in place will mean that your credit file will not continue to be affected and also that your creditors will not keep bothering you and adding charges. However, it will usually mean that you no longer have access to this form of credit so if you have a payment arrangement for your credit card you will not be able to continue using it.
We will be able to help you look at your budgeting to make sure you do not need to keep borrowing and maybe even start saving.
Once your debts are under control you will feel able to manage your money and start to plan for the future, so what are you waiting for? Contact us today to start your journey to being debt free!