Debt may creep up silently on you, but once it’s a part of your life it will not magically disappear.
Tearing up demands for payment and hoping for the best will only create bigger nightmares down the road.
You probably already know this. That’s what’s keeping you awake at night worrying, right?
What you don’t know is how Aunt Meg can help you, whatever dilemma you find yourself in with long-term debt that just keeps on growing.
Here are some affordable ways we can help you deal with debt, before it gets any worse.
Negotiate a settlement
If it’s a matter of financial planning or you just need to someone to help you see how to get your finances sorted out, Aunt Meg is the perfect person to confide in.
We’ll listen to your situation without judging and will suggest ways that we can help.
In some cases, people in debt are asset-rich but cash poor. If you can release equity from property, we may be able to negotiate a discounted one-off payment to clear your debts once and for all.
Creditors often sell on your debt for a fraction of what you owe. The new owner will be happy to settle for a lump sum.
You’ll be surprised at how persuasive our staff can be at negotiating a full and final settlement for 50% or less of what you owe.
From the creditor’s point of view, a quick settlement will avoid spending more time and money on court costs, letters and debt enforcement officers.
Talk to Aunt Meg and think outside the box when it comes to debt repayment.
Sign an Affordable IVA
If you have no assets, and hope to keep your few treasures safe from the bailiffs, we can help you clear your debts in other ways.
An Individual Voluntary Arrangement (similar to a Trust Deed in Scotland) allows us to negotiate affordable monthly payments for a 60-month term. Each IVA is specific to your personal circumstances.
Once you and your creditor can agree on an acceptable monthly amount, there will be no more interest, no more threats and definitely no more letters from the bailiffs…as long as you keep up the repayments.
The big surprise about an IVA is that even if does not cover the amount you owe, at the end of the 60 month term, the rest of the debt is written off. You’re free and clear. Wahoo!
Accept an Earnings Attachment Order
In some cases, courts may decide on an Earnings Attachment Order. This means your creditors can contact your employer and have a fixed amount taken from your wages until the debt is repaid.
This is similar to an IVA, although it may be less desirable as your employer will then know about your financial problems. Before your debt goes to court, talk to Aunt Meg and see what your options are.
As a last resort, you may be considering bankruptcy, although this is a very serious step with long-lasting consequences.
Why not call Aunt Meg for a chat before making any decisions about dealing with debt. Our specialised debt counsellors can negotiate favourable terms with your creditor and may be able to work out the best solution for you.
Call us today – we specialise in all types of debt repayment solutions. We’ll listen, hold your hand and support you every step of the way, we promise.