Debt can be solved in many different ways
Carefully consider and understand all options and apply best solution suitable to you to solve your financial issues, by taking incorrect decision you will end up in further financial difficulties
There are many different ways to solve your debts
Bankruptcy
Consolidation Loan
Debt Management Plan
Debt Relief Order
Full and Final
IVA
Low Income Low Asset
Sequestration
Trust Deeds
etc.
You will find most of these subjects on this website.
The key is to carefully consider all of your options, understand and make sure you apply best option suitable to you to solve your financial issues otherwise you will end up in worst financial difficulties by taking bad decision.
If you have understood and think you have found a suitable debt solution, you still need to know:
How long it will take to become debt free?
Will it affect your employment?
Will it affect your credit rating?
Is it legally binding?
Does it prevent your creditors from taking further action against you?
Will your home be at risk?
Will you have to pay a fee?
Whatever you decide, please remember to maintain payments to priority debts such as:
Council Tax
Magistrates Court fines
Mortgage
Rent
Utilities
etc.
The consequences of failing to keep up with these payments are much more severe than failing to maintain unsecured debt repayments.
Bankruptcy
Consolidation Loan
Debt Management Plan
Debt Relief Order
Full and Final
IVA
Low Income Low Asset
Sequestration
Trust Deeds
etc.
You will find most of these subjects on this website.
The key is to carefully consider all of your options, understand and make sure you apply best option suitable to you to solve your financial issues otherwise you will end up in worst financial difficulties by taking bad decision.
If you have understood and think you have found a suitable debt solution, you still need to know:
How long it will take to become debt free?
Will it affect your employment?
Will it affect your credit rating?
Is it legally binding?
Does it prevent your creditors from taking further action against you?
Will your home be at risk?
Will you have to pay a fee?
Whatever you decide, please remember to maintain payments to priority debts such as:
Council Tax
Magistrates Court fines
Mortgage
Rent
Utilities
etc.
The consequences of failing to keep up with these payments are much more severe than failing to maintain unsecured debt repayments.