Debt Solutions

Debt Solutions

We at citizens debt help provides you with multiple Debt Management Plans in Liverpool, Credit Debt Consolidation Wales & Debt Consolidation England which can be chosen from according to your need. As we all know, every debt is not same and that’s why we need multiple options of debt solutions to choose from so that one can pay off the more effectively and in a less time consuming way.

Citizens Debt Help offers you wide range of best debt solutions in Wales and across the UK to choose from so that debt is not a hurdle anymore in your life’s progress.

Below are the various solutions we provide…

Individual Voluntary Arrangement or IVA is a formal agreement with creditors which allows making payments to your debts which are affordable. It is established and governed by Part VIII of the Insolvency Act 1986. It usually lasts for 05 to 06 years.

IVA allows you to pay back your debt over a set period of time. Any amount of money which you owe after your IVA is over is written off.

IVA is a formal agreement, so if you once entered into it, you can’t back out.

Debt Management Plan or DMP allows you to make reduced monthly payments to your creditors. It also involves reduced interest rates and/or reduced penalties.

Debt Management Plan can last for three to five years before all your debt is paid off. In DMP, you make your monthly payment to your debt repayment company which acts as a third party and distributes the monthly payment among the creditors in the correct way.

A trust deed just like IVA (Individual Voluntary Arrangement) is a formal agreement with your creditors. You can pay off your debt in the form of monthly payments over a period of time which is usually four years. At the end of the period, any amount of debt which remaining will be written off.

Trust only covers your unsecured debts like credit cards and personal loans. So, you need to cover your secured debts elsewhere.

A debt consolidation England consists of making payments towards your debt to all of your creditors by taking one loan. Multiple debts are combined into one single debt which contains favorable payoff terms like lower interest rates and/or lower monthly payments.

Debt Consolidation is highly recommended when the interest rates on your debts are high. In order to opt for this solution you must have credit worthiness so that you can pool out the sources available at your disposal.

Details of Debt Solutions

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    Debt Management

    A Debt Management Plan (DMP) is an informal agreement between you and the people you owe money to. This means that unlike IVAs, DROs or Bankruptcy, they are not legally enforceable

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    Consolidation Loans

    Debt consolidation is the process whereby a single, larger loan is taken out to pay off multiple smaller debts.

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    Debt Relief Order

    Debt Relief Orders have many of the same advantages as bankruptcy. It usually lasts for a year and at the end of that period.

Our Testimonials

We used AVC to collect a debt out of northern Germany. AVC traced all the  owners of the debt across the EU and acted to retrieve the monies. We received 60% of the monies which was a result for us.

Oliver

We were impressed with the efficiency and professionalism of the team at Sterling Outsourcing and we would have no hesitation in recommending them.They were responsive and effective.

Emily