Debt Doctor

Once your proposal has been accepted, lenders, service providers and debt collection companies will no longer be able to contact you. If for any reason they do contact you, you can refer them to the debt advisor managing your case.

A Debt Expert will need to help you determine this. At a time convenient for you we will look over your income and your expenditure to assess a fair and realistic amount you could afford towards paying your debts. We have a duty of care to make sure you have a reasonable standard of living. This means we will never recommend you to pay an amount you couldn’t afford which could later result in problems such as stress or even missed payments. More often than not we are able to arrange a payment, which is a lot more affordable for you than you may have previously thought possible.

Depending on which solution(s) you qualify for, they may include benefits such as guarantees to freeze interest and charges. If you qualify for these solutions you will have them explained to you in full, including their advantages and disadvantages so you have a balanced and thorough understanding of the solutions you qualify for. You can then make your own informed decision on how you would like to proceed. Everybody’s individual circumstances are different, so get in touch today for free, no obligation support and advice.

We understand that everybody has different circumstances, which is why we encourage you to always get in touch. We are often able to help our clients who are on low incomes or in receipt of benefits. Most people qualify for at least one form of debt help and if we cannot help, we will always point you in the right direction.

Most debt solutions will allow you to keep your assets; in fact some even protect them! If you become bankrupt most of your assets will be automatically transferred to the Official Receiver. You will be allowed to keep household furniture and equipment and your car provided it is not worth more than £1,000. If you are a homeowner your interest in your house, i.e. the amount you would expect to receive after payment of your mortgage and the costs of sale will be transferred to the Official Receiver. A Debt Expert can help you by explaining the advantages and disadvantages of the various solutions so that you can choose the solution that is best for your individual circumstances.

We will recommend to you the amount you should offer to your creditors. Your creditors are obliged to allow you to keep enough of your income so that you have a reasonable standard of living. We will advise you how much you should offer as a fair payment towards your debts while making sure you keep enough of your income to cover payment of your living expenses. Even though this may mean that your creditors will end up receiving less than you owe them, your creditors are still likely to accept the payment offer we recommend.

For most people, an IVA will not affect their job.Keep in mind though, that some employers can have rules against employing people in certain positions who are on an IVA, or have been in the past.

If you're responsible for money, e.g. an accountant, or If you advise people about their money e.g. a mortgage advisor. Our advisors will be able to tell you if your job is likely to be impacted.