Debt Consolidation Advice

The best debt consolidation advice relates to using some kind of consolidating program such as a debt management plan (or IVA, in its purest form). An IVA, or Individual Voluntary Arrangement, is a plan drawn up by a qualified insolvency practitioner (or IP) who will look at your income and expenditure and decide, with you, what you can afford to pay back to your creditors as a lump sum every month. Your creditors will be paid on a pro-rata basis, each creditor being paid proportionately in terms of their percentage of your overall debt.

At Best Debt Consolidation we provide three solid resources for you:

Access to a powerful low-cost professional debt management service which cuts your debt by up to 60% immediately and solves your debt problem with one easy monthly payment.

The option of a low-interest consolidation loan (but we only recommend this in very few situations - see below).

A free service you can all use which allows you to have interest-free credit cards for years.

Here's the quick application form:

privacy guaranteed

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).

Taking out yet another loan is probably the worst thing you can do. What are you trying to get rid of? Debt. What is a loan? More debt. So why anyone would fall for this bad debt consolidation advice is anyone's guess. The only time a loan is useful for dealing with existing debt is if the one aggregated payment is considerably less than the sum of all the other monthly payments which are being consolidated, and you can meet the new repayment amount quite comfortably on top of your other financial commitments. If those two conditions aren't met you will be much worse off. You might feel okay for a year or so, but a few years down the line you will find that the misery of debt really starts to kick in.

Then comes the best part of an IVA. The insolvency practitioner will then negotiate with all your creditors and will cut your total debt by up to seventy per cent at a stroke. That means that from that point on your total debt will be reduced by as much as two thirds.

This kind of debt consolidation advice is better than just getting another loan to add to your debt, wouldn't you agree?

The IVA is a legally binding agreement between the debtor and his or her creditors. Payments for the full amount must be made each month, and after the usual five year term (six years in Scotland) the debt is completely written off. During all this time your creditors are not allowed to contact you in any way. That means no more worrying phone calls, no more knocks on the door and no more nasty letters. After those five years, or whatever the time period set, you will be debt-free.

Now go back up to the application form and change your life today!

Bookmark this page!

UK Debt Consolidation Advice is an independent website service providing a no-obligation debt consolidation service for U.K. residents.

For U.S. residents click here to visit our associates across the pond.

Privacy | Help and Contact