A sudden and great increase in personal debt help enquiries at Lewis Alexander has been reported for the month of June 2008.
We would normally expect by June that the post Christmas rush and need to clear credit cards, coupled with that need for money to clear personal debts to be over, this is not the case. A great number of UK residents seem to have waited to see if things get any better toward the Summer and most felt that by June 2008 enough was enough.
This sudden increase in debt advice UK enquiries, has come from individuals who have failed to enter into an IVA or broken the IVA agreement due to further changes in circumstance and a subsequent inability to maintain regular monthly contributions. Apart from Bankruptcy, in most cases a debt management plan is the best option available.
Clients that are in this position are also struggling, or did struggle with the IVA repayments due to the original payment being set too high at the outset. The high IVA payment ensured that the companies proposing the Iva's, could guarantee a minimum percentage of the total debt to be repaid over the agreed fixed period of 60 months, back to the respective creditors. Therefore, greatly increasing the chance of acceptance of the IVA at the "creditors meeting". We are not suggesting for one moment that these companies have acted fraudulently or illegally, merely pointing out where the machine of big business, can act as nothing more than a conflict of interest to the people with the original problem that created the source of revenue!
Personal debt help is simple when explained in the correct way. We can all dress things up to sound complicated but when it comes to personal debt, the importance of making the right decision of which debt solution to use is imperative, as time that is wasted in pursuing the wrong route can never be recovered!
At Lewis Alexander, we help many people every day to start the process of debt clearance and for those that wish to use our debt services, that have tried to find debt help before, the process is usually very straight forward. We enjoy keeping things as simple as can be for you, this way you will at all times understand what you are entering into!
For a debt advisory call, use our debt helpline today, lines are open 24 hours.
Call 0800 018 6868
We would normally expect by June that the post Christmas rush and need to clear credit cards, coupled with that need for money to clear personal debts to be over, this is not the case. A great number of UK residents seem to have waited to see if things get any better toward the Summer and most felt that by June 2008 enough was enough.
This sudden increase in debt advice UK enquiries, has come from individuals who have failed to enter into an IVA or broken the IVA agreement due to further changes in circumstance and a subsequent inability to maintain regular monthly contributions. Apart from Bankruptcy, in most cases a debt management plan is the best option available.
Clients that are in this position are also struggling, or did struggle with the IVA repayments due to the original payment being set too high at the outset. The high IVA payment ensured that the companies proposing the Iva's, could guarantee a minimum percentage of the total debt to be repaid over the agreed fixed period of 60 months, back to the respective creditors. Therefore, greatly increasing the chance of acceptance of the IVA at the "creditors meeting". We are not suggesting for one moment that these companies have acted fraudulently or illegally, merely pointing out where the machine of big business, can act as nothing more than a conflict of interest to the people with the original problem that created the source of revenue!
Personal debt help is simple when explained in the correct way. We can all dress things up to sound complicated but when it comes to personal debt, the importance of making the right decision of which debt solution to use is imperative, as time that is wasted in pursuing the wrong route can never be recovered!
At Lewis Alexander, we help many people every day to start the process of debt clearance and for those that wish to use our debt services, that have tried to find debt help before, the process is usually very straight forward. We enjoy keeping things as simple as can be for you, this way you will at all times understand what you are entering into!
For a debt advisory call, use our debt helpline today, lines are open 24 hours.
Call 0800 018 6868
