Debt Help Quick have been helping people clear debts for a long while. We have access to the most accomplished team in the country from a variety of debt advice backgrounds. The debt advice team can help clear debts of any amount. We can provide many services with the most popular being:
• Debt Management
• Debt Consolidation
• Debt Help in Scotland
There are many ways to help clear debt in the UK. Some are government introduced schemes such as IVA's or Bankruptcy. Other ways to clear debts in the UK are using private sector schemes such Debt Management Programmes or Debt Consolidation.
We receive many applications from members of the UK public that have credit card debt they need to clear. Many do not need to consider bankruptcy they just need to reduce the amount of money they are spending on their debt.
There are many types of debt we can clear – here are just some:
• Credit Card Debt
• Debt Consolidation Loans
• Business Debt
• Scottish Debt
• Credit Card Debt Consolidation Loans
• Store Card Debt
Explore your options and if in doubt just ask debt consolidation and debt advice are not always required but always best to get a professional opinion.
Wednesday 25 November 2009
Wednesday 18 November 2009
Debt Advice And Debt Myths
"All debt is bad debt" is not necessarily true. Debts such as mortgages, car loans and overdrafts can be deemed as necessary. Mortgages are often a cheaper option than renting, it is also usually an investment in the future. Setting up an overdraft can be useful in order to avoid missed direct debits and standing orders, and to avoid the penalty charges that will accrue if this happens.
Some people assume that a Bad Credit Rating is for life. This is one of the many common debt myths surrounding credit references is that bad credit ratings are with you for life. Bad credit records have a limited life span on your personal credit file, usually around six years. There are many ways to rebuild your credit rating, and you can have a spotless credit record within a very short space of time.
If you have Bad Credit you cannot borrow - not always true! Bad credit will usually mean that you will not get offered the low interest rates that people with good credit ratings can receive. Lenders will look at your credit rating and use the information to decide if you are a good lending risk or not. In most cases a poor credit reference with regards to credit card defaults will not hamper your chances of gaining a mortgage. Taking on high interest debts such as store credit cards, and then making prompt repayments, and more than the minimum payments, can see your credit record improving.
So not everything you hear about debt is true - it is well worth doing your research and to establish if you need debt advice or debt management.
Some people assume that a Bad Credit Rating is for life. This is one of the many common debt myths surrounding credit references is that bad credit ratings are with you for life. Bad credit records have a limited life span on your personal credit file, usually around six years. There are many ways to rebuild your credit rating, and you can have a spotless credit record within a very short space of time.
If you have Bad Credit you cannot borrow - not always true! Bad credit will usually mean that you will not get offered the low interest rates that people with good credit ratings can receive. Lenders will look at your credit rating and use the information to decide if you are a good lending risk or not. In most cases a poor credit reference with regards to credit card defaults will not hamper your chances of gaining a mortgage. Taking on high interest debts such as store credit cards, and then making prompt repayments, and more than the minimum payments, can see your credit record improving.
So not everything you hear about debt is true - it is well worth doing your research and to establish if you need debt advice or debt management.
Monday 9 November 2009
Is Debt Advice Right For Me?
If you are struggling with severe debt problems – usually £15,000 or more – sometimes an IVA (Individual Voluntary Arrangement) could be the right solution for you.
An IVA involves making reduced monthly debt repayments to your creditors, this will be based on your available income, usually for five years. Once the IVA is finished, your remaining debt will be considered settled.
Who is an IVA best for?
An IVA is best suited to people with very large debt problem that will not be repay within a realistic timescale. They are a legally-binding debt solution, an IVA requires full commitment to repaying your debts. Your payments will be based on how much you can afford after paying your essential household costs, meaning you will be left with no disposable income for the duration of the IVA (usually five years).
An IVA is widely considered a preferable alternative to bankruptcy, since it avoids several of the disadvantages. For example, unlike bankruptcy, you will not lose your home, although if you are a homeowner you will be expected to release some of the equity in your home in the 54th month of the IVA.
Should I consider other debt consolidation?
Before choosing any debt solution, you should always speak to an expert debt adviser. They will be able to discuss your situation with you to help decide the best course of action. Just because you have debts of £15,000 or more does not necessarily mean that an IVA is the most appropriate debt consolidation – it really depends on your circumstances. So long as you can afford to repay the debts in a realistic amount of time, another debt solution, such as debt consolidation or a debt management plan, might be your best option.
An IVA involves making reduced monthly debt repayments to your creditors, this will be based on your available income, usually for five years. Once the IVA is finished, your remaining debt will be considered settled.
Who is an IVA best for?
An IVA is best suited to people with very large debt problem that will not be repay within a realistic timescale. They are a legally-binding debt solution, an IVA requires full commitment to repaying your debts. Your payments will be based on how much you can afford after paying your essential household costs, meaning you will be left with no disposable income for the duration of the IVA (usually five years).
An IVA is widely considered a preferable alternative to bankruptcy, since it avoids several of the disadvantages. For example, unlike bankruptcy, you will not lose your home, although if you are a homeowner you will be expected to release some of the equity in your home in the 54th month of the IVA.
Should I consider other debt consolidation?
Before choosing any debt solution, you should always speak to an expert debt adviser. They will be able to discuss your situation with you to help decide the best course of action. Just because you have debts of £15,000 or more does not necessarily mean that an IVA is the most appropriate debt consolidation – it really depends on your circumstances. So long as you can afford to repay the debts in a realistic amount of time, another debt solution, such as debt consolidation or a debt management plan, might be your best option.
Thursday 5 November 2009
Debt Free With Debt Consolidation For Christmas
Christmas has many meanings to many people but unfortunately some see it as another burden on their finances and they will need to get into debt to be able to have a good time.
Christmas isn't about spending huge amounts of money – it is obviously much more than that. What better way to spend Christmas than to know that come the end of the festive period you will start the New Year free from debt. How?
There is still time before this Christmas to get some debt management so you can tackle your debts and look to reduce your monthly outgoings before Christmas arrives. A simple online enquiry will enable a qualified advisor to give you a quick call and discuss with you what debt management you need – if any at all.
If you are keen to proceed with debt consolidation then paperwork can be with you within days and you can be on your way to having a much more relaxed Christmas because you will be safe in the knowledge that your debts have been handled professionally and you have less outgoings coming from your wages every month.
Christmas isn't about spending huge amounts of money – it is obviously much more than that. What better way to spend Christmas than to know that come the end of the festive period you will start the New Year free from debt. How?
There is still time before this Christmas to get some debt management so you can tackle your debts and look to reduce your monthly outgoings before Christmas arrives. A simple online enquiry will enable a qualified advisor to give you a quick call and discuss with you what debt management you need – if any at all.
If you are keen to proceed with debt consolidation then paperwork can be with you within days and you can be on your way to having a much more relaxed Christmas because you will be safe in the knowledge that your debts have been handled professionally and you have less outgoings coming from your wages every month.
Monday 2 November 2009
Debt Advice Can Easy Long Term Mortgage Worries
Currently the popularity of fixed-rate mortgages is going down, this may cause long-term debt problems for the rising number of people on tracker deals - something a debt consolidation plan could tackle is caught early.
Fixed-rate loans made up just one-third of the total number of mortgages granted in September.
This may mean more people are getting tracker mortgages to take advantage of the current low base rate which is just 0.5 per cent.
The interest rate will inevitably rise - which could leave the UK struggling to meet repayments in the future.
One way to increase the chances of avoiding such a problem is by getting debt advice now to help wipe out unsecured loans.
A debt help plan could deal with unsecured debts, such as credit card bills, by reducing interest rates and altering the repayment structure based on what a debtor can afford.
This may give cash-concerned UK residents an easier route to clearing unsecured debt in preparation for any future base rate rises.
Fixed-rate loans made up just one-third of the total number of mortgages granted in September.
This may mean more people are getting tracker mortgages to take advantage of the current low base rate which is just 0.5 per cent.
The interest rate will inevitably rise - which could leave the UK struggling to meet repayments in the future.
One way to increase the chances of avoiding such a problem is by getting debt advice now to help wipe out unsecured loans.
A debt help plan could deal with unsecured debts, such as credit card bills, by reducing interest rates and altering the repayment structure based on what a debtor can afford.
This may give cash-concerned UK residents an easier route to clearing unsecured debt in preparation for any future base rate rises.
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