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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).
first option when considering debt
consolidation online is a straightforward consolidation loan. While
this seems an attractive proposition at first it does hold terrors a
bit further down the line; even though the idea of consolidating all
your payments into one big payment with a lower interest rate may appear
to be good, that loan is more likely than not to be secured against
your property, so if you default your home will be at risk. So unless
you can really afford to meet those payments over the long term, don't
even consider it.
The other option when you seek debt consolidation online
is an actual debt management plan with a qualified insolvency practitioner
or IP. In the United States this is known as a debt consolidation plan
and in the United Kingdom it can be referred to in its highest form
as an individual voluntary arrangement or IVA (known as a Protected
Trust Deed, or PTD, in Scotland). An IVA is an immensely powerful instrument
and is legally binding. In recent years it has become known as the painless
alternative to personal bankruptcy, with none of the stigma associated
What such a plan does is to take the whole amount of
the debt and reduce it by up to 70 per cent (some businesses have adverts
claiming to reduce this by up to 95 per cent but this is extremely unlikely
and you should give these companies a wide berth). As long as more than
two thirds of your creditors (by capital sum) agree to this then the
debt is slashed by this amount and you will suddenly feel the burden
of most of your debt disappear.
Your debt consolidation online company will have skilled
negotiators who will liase with your creditors. Once such a plan is
put into effect it will be legally binding, and nobody apart from your
IP will be allowed to contact you about your debt. That includes your
creditors or any agents they may appoint, including debt collectors
and the like. If they contact you about your debt, even if it is a phone
call made by mistake, that is against the law and you may then take
them to court over it. They are simply not allowed to contact you again.
Your debt consolidation company will then work out an
affordable monthly payment and apply this to your everyday household
budget. After an agreed length of time, usually five years, your debt
will be paid off completely and you will be able to start rebuilding
your credit rating again. You will actually be able to start living
a normal life as soon as the consolidation plan is put into effect,
from day one.
Now go back
up to the application form and change your life today!
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