FREE DEBT MANAGEMENT
Free Debt Advice
At HBFS we offer DEBT solutions to your circumstances. We can help you if you are facing financial difficulties. We want to give you best advice and to understand what options are available when faced with credit problems.
We can help reduce your monthly payment into one affordable amount without the need of another loan.
The money advice service we offer is confidential. We are not a call centre and you will have one point of contact who will know your case inside out..
Debt Management Plans
Debt Management plans can be a useful way in which you can deal with debts like
- Non secured loans
- Credit card debts
- Hire Purchase
- Catalogues
- Benefit overpayments
- Student loans
Our partner, National Debt Advice Line will negotiate with your creditors enabling you to make one payment that you can afford.
The advantages of Debt Management is
- A single monthly affordable payment is arranged with the creditors which is distributed on a pro rata basis and based on the clients financial profile
- A personal face to face appointment will be arranged
- All essential payments will be prioritised ie Mortgage / Rent / Council Tax / Secured Loans etc.
- All creditors within the Debt Management agreement are contacted directly by us and no further phone calls or threatening letters will should occur once into the agreement
- CCJ's and Variation Orders can be handled
- Trade creditors can be dealt with
- All Unsecured Debts can be dealt with including Bank Loans and Overdrafts, Credit Cards, Store Cards, Catalogues, Any Shortfall in Repossessed Property etc.
- Flexible agreements if circumstance alter
- Full and Final settlements, ie paying a lump sum of your debts, can be arranged in the future if circumstances allow
- Any arrangement Fee's are guaranteed ie no savings or reductions then a full refund will be available
- Itemised statements per month so you are kept fully updated on your financial situation
- If the Client is a home owner the property will not be at risk entering a Debt Management agreement as long as the mortgage payments are continued.
- We work for the client not the Creditors
- Confidentially
Consider debt management if you have debts of less than £15,000 and if the amount you can afford is less than £200 per month. If you have a larger debt amount outstanding (the majority of our customers do) consider looking at an IVA. Dont worry if you are not sure which is best for you. Our debt advisor can talk you through all the advantages and disadvantages of both options. IVA (Individual Voluntary Arrangement)
IVAs are based over over 60 months or as a Full and Final Settlement of the outstanding debt through a re-mortgage, house sale or family cash input. You need to have over £16,000 of debt to consider the IVA as the best option for you. Creditors for your Loan or credit card outstanding debt can not chase payment by leter, ohone or through court once the IVA is in place. Likewise, you will be bound to the terms of the
IVA. This means, when the payment level is set, payment must be made each month otherwise the IVA could fail. Call Our Money Advice team now Now on
0800 043 4133
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