Bad Credit Debt Consolidation
Phone
Free
0800 983 0145
Bad Credit Debt Consolidation
We have a super-quick and highly professional debt consolidation service. A qualified and experienced Insolvency Practitioner will be personally assigned to you and you will get a telephone call back from him or her very quickly (or whenever you specify on the online form).
Why Apply For Bad Credit Debt Consolidation?
According to a new law brought by the government, Individual Voluntary Arrangements have been brought in. An Individual Voluntary Arrangement is an easy and acceptable alternative choice to bankruptcy and has none of the shame or stigma attached. It is the civilised way to deal with insolvency or bad debt issues. Under government rules, a well conducted IVA will immediately write off up to sixty per cent (sometimes more than that) of personal debt immediately. Your interest in bad credit debt consolidation would be amply rewarded by the transformation in quality of life brought about by its use.
Not everyone can qualify for an Individual Voluntary Arrangement; there are certain restrictions on those who may apply. Usually people applying need to have a steady wage or salary and also an amount over and above the necessary household outgoings to fund any repayments, but this needn't be a huge amount by any means. People who do not qualify for an Individual Voluntary Arrangement will almost certainly qualify for a similar debt management plan, therefore it's generally worth applying just to find out.
An IVA is a legal instrument and there are a number of things that creditors may not do when the Individual Voluntary Arrangement is drawn up. This embargo includes not being permitted to contact you by phone or by letter, or to attempt to contact you at all for the duration of the IVA. If the creditor or one of his agents (a debt collector, for example) even attempts to contact you they will be in breach of the insolvency laws and would be subject to punishment. All creditors have to stop phoning and writing letters and must on no account try to hamper the life of the debtor.
It is certainly true that bad credit debt consolidation can help folk reorganise their lives and improve their overall sense of well being. It is a carefully crafted program to help people out of their financial difficulty and brought in by the government in 1986 as part of measures to enhance the then rather draconian individual insolvency laws which were in place at that time.
Now go back up to the application form and change your life today!
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UK Debt Consolidation is an independent website service providing a no-obligation debt consolidation services.