Have a chat with our experts about your personal assets
We all know how easy it can be to get into debt, and how stressful it can be to try to balance your finances. Borrowing from one source to pay another is sometimes the only option, but of course in the long term it will often lead to further debt problems at a later date. Thankfully, there is a range of debt solution programmes that may just provide the answer to your particular situation.
Here at Personal Debt Support, we know all there is to know about these programmes, and we can help you to find one that is tailored to your needs. One of the factors that will need to be taken into account is the value of your assets, and those assets can include anything from property and antiques to jewellery and savings.
If you have little in the way of assets, a Debt Relief Order (DRO) may be the answer to your needs. If you do have assets, you might want to consider selling them in order to pay off all or at least some of them, such as a vehicle, an expensive watch or land. Remember, however, that some items will inevitably take longer to sell than others.
Other debt solution options, such as an Individual Voluntary Agreement (IVA), will also take your assets into consideration, of course, but your chosen insolvency practitioner will be able to advise on such matters. Here at Personal Debt Support, we have been the insolvency practitioner of choice for many people in recent years, and we’d be happy to help you during this difficult time.
Drawing up the relevant paperwork with help from the specialists
One of the first steps would involve an assessment of your income and expenditure. This would lead to the creation of an important document that will be used in negotiations with your creditors. Once this document is complete, we will then be able to work with you to decide how much will be left each month to be paid to those organisations that you owe money to.
Finding the right debt solution for your needs will help to reduce your stress levels, an important factor in making life easier for you. There are thousands of people in the UK who have been in the same situation as you, so you don’t need to feel as though your situation is unique. Our professional team can provide you with the support that you need from start to finish of the process.
With crucial advice and guidance from Personal Debt Support, you’ll find there are several ways to make your debts more manageable. It may be that you won’t even need to hear from your creditors once an agreement in place, so you can look forward to the peace of mind that you once thought unattainable. Our friendly team are available right now on 0141 380 0578, so please make that call today.