BE SIMPLY SMART AND GET THE BEST DEBT HELP

There can be a lot of reasons why people find themselves in debt but there are ways which can help people with the pressure of debt and the stress that goes with it.

In a lot of examples it is not that people have gone out and bought expensive items, gone on holidays or even careless and reckless in third spending. It is often a change of circumstance which has happened such as loss of money, divorce illness and other unpredictable events.

If you have come to a point when you have to take action and are getting fed up with the endless phone calls and letters (which happen when you can’t keep up repayments)and it is starting to affect your well being then it is time to seek assistance from a Squashed Bills debt representative regarding a debt management plan, IVA, or bankruptcy.

When you want Squashed Debts its best to get us on the case and not stick your head in the sand.

There are 3 main options when looking at personal debt these are:

Debt Management Plan

A debt management plan can help to put you into a position to be able to have a single payment and a chance of getting your interest and charges frozen which will enable you to concentrate on other things apart from how to pay the bills. It is an informal agreement between an individual and their creditors.

To help you have Squashed Debts we undertake to deal and talk to your creditors on your behalf, which will ultimately assist in stopping the nasty and stressful letters and phone calls.

IVA

IVA stands for ‘Individual Voluntary Arrangement’ which is a formal agreement between an individual and their creditors whereby acceptance is reached to allow reduced payments to be made meaning that a percentage of the debt will be cleared. The length of time for an IVA to run is 5 years which at the end of the term any outstanding debt will effectively be written off.

There are certain criteria to be able to go down the IVA route some of which are you must have debts above £15,000 and you must have disposable income of more than £200.

This is a legally binding agreement and so long as the agreed payments are made which form the agreement, an individual will be free from debt at the end. Such agreements can only be set up by a licensed professional.

Bankruptcy

Bankruptcy is often viewed as the last alternative, but depending on the state of an individual’s financial circumstance can be the first or only option.

In the past bankruptcy carried a bad stigma, but fact is that it’s an option which should be seriously considered if the individual is unable to pay or contribute monies towards their debts.

For first time bankrupt’s they will find that their debt will be discharged within 12 months sometimes in even less time.

Going bankrupt can help you start again but there are disadvantages as well to consider before taking the steps.

Debt Management Plans, IVA and Bankruptcy are not the only Simply Smart Debt solutions available but the most common, to help you make the right decision fill in the forms and get further information from our representatives who will find the simply smart solution for you dependant on your circumstances.

Should you be experiencing tough times with your finances and your monthly bills are being paid late or not at all. Rest assured that help is at hand whereby we can assist you in squashing your debts, just fill out the form above and a Squashed Bills appointed representative will be in touch to discuss your requirements further in the strictest of confidence.

• Dr Squash Debt Help Quotes :

              debt does not just disappear on its own accord – the letters have to be opened and dealt with 

              if time and effort creates debt – the same should be used to rid debt 

              debt used to be an embarrassment to be avoided – now its a way of life