Personal Debt Guide

• A simple personal debt guide about online financial terms and UK personal debt terminology. 
• This personal debt guide explains common financial terms used within the UK debt and personal credit industry.

Every person should be able to find out about the basic terms used when dealing with personal debt advice and help in England, N. Ireland, Scotland and Wales.

Administration order - An arrangement through a county court to repay over period of time at reduced rate.

Bankruptcy - A final end to a debt problem that cannot be repaid within reasonable time. 

Consolidate or Debt Consolidation - A process of putting multiple repayments and credit accounts into one new one that consolidates the situation. 

Creditor - Company or person who is owed money by a debtor. 

Debt Management - Informal arrangement between you and your creditors to repay at a rate you can afford which is NOT legally binding. 

IVA or Individual Voluntary Arrangement - Formal arrangement between you and your creditors which is legally binding. 

Insolvency - A procedure of dealing with personal or corporate financial/debt issues. 

Insolvency Practitioner or IP - A qualified and regulated person who can supervise your IVA. 

Mortgage - Loan taken to buy a home with the home acting as security in the event of failed repayment. 

Secured Loans - Loans requiring secured items against the risk of none or failed repayment. 

Trust Deed - in Simple terms, A Scottish IVA with some differences. 

Unsecured Loans - Loans not requiring secured items against the risk of none or failed repayment. 

Data Protection Act 1998 - Protects a consumer against the disclosure of and the use of personal information. 

Consumer Credit Act 1974 - A legal Act and guideline of rules for the general credit industry in the UK. 

CCL or Consumer Credit license - License required to undertake offerings of certain credit facilities and services. 

If you would like one of our trained financial advisors to call you back to discuss debt management UK help and debt advice UK, then please call us FREE from a landline using 0800 018 6868.

Debt consolidation Help and Advice for a Fresh Start

• UK debt consolidation advice could be all you need for a fresh start

Debt consolidation help is available everywhere it seems. Getting the right debt consolidation advice is very important if you want the best chance of getting out of debt quickly.

Get advice to help clear your personal debts in the UK

Debt help is not purely about just being told what you need, sign a piece of paper to tie you into yet another contract and then reap the rewards of poor debt management plans. To really get to the bottom of an individuals personal debt situation takes care, attention and tact because people often feel embarrassed and vulnerable when it comes to talking about debt on our debt helpline.

Our debt advice UK advisors won't just try to convince you to enter an IVA or Debt Management Plan unless it is the correct and best debt consolidation advice for you, they will want a proper discussion to carefully work out what would be the most beneficial debt management solution for you as an individual.

Do you need just ONE, affordable monthly repayment to pay all your unsecured debts!

This can be a possibility subject to your status through effective debt management and building a personal debt help plan that will address your specific situation.Once that has been established we can recommend what personal debt consolidation solutions we think would suit you best meaning you will be better placed to make an informed choice about your financial future. Our recommendations may include any of the following.

• Debt Management UK

• Debt Consolidation

• IVA or Individual Voluntary Arrangement

• Protected Trust Deed in Scotland

• Personal Loans

There are other ideas we may have that could involve less formal propositions than those listed above but these tend to only be applicable when the debt problem is not that severe. The larger the debt problem, the more formal the personal debt solution tends to be.

You will have an idea of how serious things have become by how much stress you feel under to pay bills each month. Obviously, if things are so bad that you are not paying your mortgage arrears each month, you could be about to lose your home so something has to be done quickly.  Other lesser bills can be dealt with equally efficiently and this can help to keep creditors away from your door and off the phone.

Some of the more formal options, such as the IVA or Individual Voluntary Arrangement, actually guarantee the end of creditors writing, calling or visiting you to try and get cash from you. They usually respect the process of an IVA and once agreed they should not harass you for interest or charges.

Struggling because of a poor or bad credit history / score?

You may be struggling to get credit because of a rocky patch in your past. Find out what can be done to repair your credit rating by examining your credit reference files and ensuring everything is correct.  Find information about how to repair your credit rating
Call and one of our trained advisors will give you confidential advice!
Call free from a land line using 0800 018 6868 and make a fresh start today!

The forecast is still decidedly cloudy in the housing market

Whilst fish & chips, afternoon tea and owning your own home are classically British traits, our continental cousins in France and Italy are still happy to pay rent for their homes. So is this preference toward ‘bricks and mortar’ investment healthy?

For many years this model of owning a home did indeed make sense. Location flexibility was required by only a few employers and as families tended to stay close to their roots, purchasing a house as an investment and something to pass on to the kids (or to sell and fund a retirement) worked out as a great all round option.

Then along came the Eighties’ and with it a housing boom and an even tougher bust with interest rates soaring toward 20%. Then in the late Nineties and most of the Naughties came along another considerable period of house price rises, until the financial turmoil and fall out from the now infamous Sub-Prime lending.

This has left many British families who had gambled their financial futures on house price rises starting to sweat and require debt advice UK. Sure a period of negative growth had hurt a little bit – and indeed a blanket drop of approximately 30% across the UK (London excepted!) did initially look a bit scary.

• Prices were sure to rebound… weren’t they?

Sadly, some three years on and we are still awaiting this rebound and if the latest figures from the Halifax House Price Index are anything to go by, in the year May 2010 to May 2011, a further 4.2% has been eroded from the value of our homes, with the average UK home now worth a touch over £160k.

• So with no real sign of prices returning to late 2007 highs, where does this leave ‘Alarm Clock Britain’?

In short, whilst no high street banking executive or government official would admit to it, there are still a number of UK families who are technically insolvent. This is because the total of their personal debts exceed the total value that could be raised by selling all of their assets.

• Ok, but what does this actually mean?

Being insolvent doesn’t necessarily mean that millions of people are about to be declared bankrupt, instead it means that a little bit like Greece, they need to implement some austerity measures in order to avoid the murky shadow of debt creeping ever further over them and start to repay some of this borrowing.

It also means that somewhere between 10 & 15% of UK mortgage holders are still in ‘negative equity’ meaning that their possibility of moving is restricted, unless they effectively find another deposit to help them secure a mortgage.

For example, a couple who earn £40,000 between them and bought a £200k house with 100% mortgage (i.e. a £200,000 mortgage) in 2007 could now expect that house to be worth less than £200k today.

If that couple had lost their jobs through redundancies and now wanted to move to a similarly sized house in a new area for a new job, then they could be some thousands of pounds short of the amount needed to repay their original loan.

In addition, under current mortgage lending criteria, most lenders are not offering mortgages for any less than 85-90%.

So, with this kind of scenario stopping people already on the property ladder from moving, then it’s up to the first time buyer to help oil the wheels of recovery for the housing market.

• If you are struggling with personal debt or have mortgage arrears due to debt problems, call Lewis Alexander today using 0800 018 6868, calls are FREE from a land line.

Ashamed to ask for Debt Help

Get advice about your debts and help with your money,

• There is no shame in asking the people who know the answers for help when it comes to personal debt.
• The alternative could be getting deeper and deeper into debt making it harder and harder to escape from.
• Wait no longer, ask for that help today.

Life in Britain today is lived in the fast lane and the expectations we all try to live up to can be crippling at times. This constant expectation can have inherent financial implications which in themselves can lead to people needing professional debt help. Many people try to suffer quietly because they wrongly think that they are the only ones who are experiencing these debt problems.

A lot of people are fighting personal debt and the ones who get out of debt quickly are the ones who get proper help to clear debt as early as possible.

If you feel you perhaps need debt management UK or are maybe not sure whether our help is necessary, call us or get in touch using 0800 018 6868 so one of our advisors can talk to you to ascertain whether or not you might benefit from our advice.

Money trouble is one of the biggest causes of divorce in the UK and can even cause serious stress induced illnesses. Our debt management plan is designed to take away the stress at the same time as removing the debts in a pain free and organised manner.

We offer people tried and tested ways to better organise their debts in an attempt to pay off those debts in a timely way that doesn't incur further interest or charges, this can not be guaranteed. We work in conjunction with your creditors and because everything is agreed by all parties, the constant barrage of creditors letters and phone calls also tends to cease.

• Organise your debts better with debt management solutions.

• Consolidate debts into one easily affordable monthly repayment 

• Lay out a formal repayment plan with an IVA or Individual Voluntary Arrangement

All of these debt solutions have their own benefits and downsides but may not suit every situation. Once we have spoken with you we will be better able to advise you on a course of action to get your debts under control.

Our main aim has always been to financially empower consumers to regain control of the quality of their lives through education and financial management through UK debt help.

To this end we focus on the vulnerable people in society as well as the well off. The following groups of people find our help invaluable on a regular basis.

• Single parent in debt.
• People recently made redundant and in debt.
• Retired people with debts.
• People who have just lost a loved one and have been left with debts after a death.

Get help today by calling 0800 018 6868 now!

Personal debt advice and help

• Get debt advice that will actually make a difference!

It does not matter what time of day you decide to get debt help, our lines are open to take your call 24 hours a day, 7 days a week.  So if you have woken again during the night and have decided it is time to change your financial future, we are happy to take your call.

• Call us right now! Day or night you can call FREE from a BT land line using 0800 018 3345.
• We offer personal UK debt advice and help that you can rely on!

With such a variety of information, disinformation, advice and what is sometimes pure myth, it can be difficult to try and figure out what is actually good reliable personal debt help these days.

We have a work ethic that we are rightly proud of. We offer totally confidential advice on debt to people struggling through a very difficult and sometimes awkward part of their life. We do not take advantage of our clients when they are at their most vulnerable. We guide them and advise them how to clear debts the simplest and most economical way we can recommend. From students to pensioners we can and do help most people with debt management UK.

Personal debt affects different people in different ways because everyone has different circumstances and different lifestyles. We aim to find a solution for you which is tailored to suit your own set of circumstances and will hopefully align itself to your own lifestyle.

Firstly, remember that debt consolidation advice should not be costing you a single penny. If you have been offered advice at a cost, then perhaps you should walk away. We could be able to help you pay off all of your debts and you could obtain one affordable monthly repayment. We can also try to halt any interest charges that you may currently be being charged by store and credit cards through a debt management plan but this can not be guaranteed.

Individual Voluntary Arrangement or IVA
IVA or Individual Voluntary Arrangements have a fixed repayment period of no more than 60 months ending on a specific end date which you are aware of from the beginning. After this date, all your debts are usually cleared. In England and Wales, creditors have to freeze all further interest and charges by law (In Scotland an IVA is better known as a Trust Deed. Once you have made your final repayment, all outstanding debts are usually legally written off by your creditors.  Creditors are held to the agreed repayment amounts throughout an IVA and should not alter them.

Do you know that you have failed an IVA and wish to gain further help or advice.
or
Do you want more information about the alternatives to bankruptcy in England

If you would like to read our client testimonials in full please visit our client testimonial page for full details.

To find out if we can help you start to clear your debts, call 0800 018 3345 now!

Do not fool around with debt in April

April is not a time to be fooling around if you have personal debt problems. It is a time when if careful, you can really plan a solid financial routine for the rest of the year. Christmas was only round the last corner and it will be Summer soon. You do not want to be worrying about court actions and solicitor letters from credit companies and their collection agents when you could be out enjoying the spring and summer air! Get your finances sorted! If you are still reading this article you are either genuinely interested or seriously over committed with personal debt.

Lewis Alexander helps many people every day to consolidate their personal debts or just gain friendly advice to set them on the road to their own managed financial stability.

The hard part of a sound financial life is good planning, when you start it really is quite simple, it is the thought of delving into the unknown that is the frightening part and this can stop most of us being financially OK!

This article is designed to get you thinking about how you could better plan the rest of your year financially if trying to clear debt, what would you like to buy friends or family for birthdays and Christmas this year? There are 5 simple letters you must remember and can apply to your finances and most areas of your life.

PPPPP - Perfect Planning Prevents Pathetic Performance!

If you need advice on personal debt problems and you are a UK resident over 18, please contact Lewis Alexander Financial Planning, online or visit our debt help website for further details.

We can help with debt management, bankruptcy, personal loans and an IVA or Trust Deeds,

Call 0800 018 6868 FREE today in total confidence!

One in Ten adults permanently overdrawn

What traditionally was considered a facility to cover yourself for the unintentional ‘slip-up’ towards the end of the month (when your wages had run out!) is increasingly becoming a necessity, new research commissioned by Money Supermarket has claimed.

According to the internet company, being overdrawn is now a permanent fixture for 10% of UK adults and this figure increases to 16% in the 20-29 age category.

It is this youngest age group which caused researchers most concern as almost half this age-group had fallen into the red in the last year requiring debt advice UK.  When this is combined with the poor savings habits of the young it makes for grim reading. 

Unsurprisingly it is the ‘grey’ bank account holders that seem to manage their money best, with only 18% of those aged 70+ using their overdraft at all during the past 12 months!

So is this increasing use of the overdraft facility a worrying trend, slack financial management, or simply a reflection on the extraordinarily tough economic conditions that preside in the UK at the start of 2011?

• This blog writer is of the opinion that a combination of all is to blame.

The hidden mystery and respect for the local bank manager has dissipated over the past 20 years, to the point where they are now little more than sales managers.  The banks would have you believe that all staff are ‘customer service representatives’, but make no mistake, the smiling friendly face in your local branch has sales targets tattooed on their brain!  This culture means that when you go into the bank, the banks staff actively try to sell you an overdraft, instead of pointing you to the virtues of impeccable fiscal restraint and planning.  When this is coupled with the fact that having an overdraft (or at least applying for one) is tagged on to the account opening process – in the same way that having a debit card is – it is hardly surprising that the trend for having overdrafts in the first instance is increasing.  And of course, once you have one… its easy to spend!

Next on the ‘blame’ list is the slack financial management that pervades the UK.

• But where has this come from?
• Were we always this bad?

Internet research suggests not and indeed if you ask any person of pensionable age and they are likely to blame the ‘I want it and I want it now!’ age.  Re-wind back to the 1960s and it was normal to save hard before finally making a purchase.  But that wasn’t all… the modern age is said to have become a time when an incredible variety of gadgets, cars, items, jewellery, clothes and indeed furniture are said to be ‘needed’. 

Whereas our relatives who saved in the 60’s and before were saving to buy one item, rather than several!  Add in the fact that very few households truly understand their monthly outgoings and Houston, we have a problem.

The tough economic conditions are the final leg of this increasing tendency to use the overdraft.  It has been well documented that food price inflation, energy bill increases and the sky-high cost of petrol are hitting ‘Alarm Clock Britain’ hard.  As this creates an increasing squeeze on household budgets, the inevitable consequence is to dip into the overdraft.  However, this type of overdraft usage isn’t the occasional slip-up… it’s the use of a credit facility to fund every day living.

If you find you are in this position and are living in your overdraft each and every month, then you might want to consider a financial health check from Lewis Alexander.

By calling us FREE from land lines using 0800 018 6868, our trained debt management consultants can help review your financial position and can offer options to help you get out of debt.  It is rare for UK adults to only have one line of credit – an overdraft – and because of this we have a wide range of experience in helping clients with a variety of personal debt problems, from struggling with a small loan, through to those with on the verge of bankruptcy.

• Call today using 0800 018 6868 to see if we can help you!

Why the doorstep loan and cash loans are not a long term debt solution

You can hardly watch 30 minutes of TV without catching at least one advert break in 2011 - and the chances are that this commercial interlude will include at least one entry from a financial services provider! 

Increasingly, these companies are concentrating their efforts on the lowest earners in the UK and the most recent phenomenon of the doorstep or pay-day loan.  Typically ranging between £50 and £1500 and lasting for between 5 and 30 days, these loans are designed to help those who run out of cash at the end of the month and need a cash injection before their wages are paid, in order to meet pay their everyday expenses.

According to a recent survey, most households run out of cash on the 22^nd or 23^rd of each month.  As most of the employed workforce in the UK are now paid once per month they will be familiar with these barren final few days until the next pay check comes in. 

In the not-to-distant past, this gap would be filled by taking ‘overtime’ at the factory or by pawning your grandfather’s watch, but the modern equivalent is to walk into the various cash shops that have opened up offering payday loans or to visit the websites or indeed i-phone applications that are available.

An alarming number of UK households are now using pay-day loans on a semi-regular basis to help see them through.  In many cases those taking the loan do not realise that rates of up to 3000% can be charged for such loans.  Crass calculations for sure, but what these ‘telephone number’ APRs do demonstrate is that a closer look into this areas is required. The fact that the loan is repaid in such a short period of time does have an effect on the APR being higher.

By the time that you have borrowed £100 for 2 weeks, it is common to repay a total of in and around £120.  That £20 might seem like a small price to pay, but in effect this ‘eats’ £20 into your wages each month that you use a doorstep or payday loan company.

Furthermore, should you fail to make the agreed repayment, then the £100 borrowed can quickly turn into hundreds and even thousands as late payment penalties, bounced bank direct debits and the somewhat dubious administration charges are applied to the cost of the loan.

So why is the UK turning ‘en masse’ to this form of lending?  In the past, if you were short at the end of the month, it would involve one quick call to your bank to request a short-term overdraft or extension to your overdraft.  Now with the state of bank finances, these short-term requests are increasingly falling on deaf ears as banks tighten their purse strings.  The result is that increasing numbers flock to doorstep loan companies for what they see as a quick fix to their financial struggles.

Is it this ‘ease of availability’ that customers are drawn to? Or the flashy ‘friendly’ looking advertisements? Or indeed the fact that these companies are not the large corporate banking organisations that the public increasingly blame for the hard-times experienced in the current economy.

Perhaps it is more appropriate to blame a lack of education and public understanding of what a failure to repay the short-term advance would entail.  Instead of the government looking to legislate around these large APRs, a more sensible option would be to ensure that customers taking such loans were fully aware of what might happen should they fail to repay the loan – but this subject sounds like an all together different subject for a blog!

If you are experiencing financial difficulty caused by taking out such a loan, then you may want to get some independent help to review your overall financial circumstances to at least stop this debt from escalating further.  Here at Lewis Alexander we are available to listen to your personal circumstances before appointing one of our independent debt management consultants to assist you with your case.

Call us today on 0800 018 6868 and we will work with you to help you out of your financial difficulties.  All we ask is that our clients have a regular income and a will and determination to improve their circumstances.

Sitting on a situation and taking no action rarely helps, so call us FREE from a land line today on 0800 018 6868 and start to take control of your finances again.

Financial Healthcheck Launched by Lewis Alexander

Lewis Alexander has launched a new service which offers UK consumers a financial healthcheck.



By calling the Lewis Alexander personal debt helpline using 0800 018 6868 consumers can obtain debt advice UK available to clear personal credit card debts and other unsecured credit without the need for taking out further loans.

New Year resolutions 2010 - Credit Cards, Loans and Personal Debt

• How will your personal finances suffer or benefit through 2010?
• Will you be able to manage after over spending during the Christmas period of 2009 / 2010?
• What if you suffer a change in circumstance that prevents you from working?

If you have over spent through Christmas and the New Year period you will accept that some cut backs need to be made.  Try some of the following;

1. Change where you buy your food, shop around for like for like quality at better prices!
2. Where do you fill up your car, is there anywhere a little less expensive locally to your home or work?
3. How often do you buy clothes or items that are not due for change, could you cut back?
4. How do you consider luxury items, are they a need or a want?
5. Can you earn a extra money from spare time or from your existing job?  Ask your boss!
6. Do you really understand how professional financial management can help you?

The only way to achieve a good state of financial management is to make a budget to live within each month and stick to it.  If you vary or stray away from the budget or financial statement you have prepared, things will become unmanageable.  Not only will you not have money for day to day living costs but you will not be able to deal with unexpected problems like car breakdowns, washing machine troubles, etc...

If you are not sure how to make a budget there is plenty of help available online and certain companies will actually help you to prepare these budgets.  There is little point in preparing a budget if you are not going to stick with it and most people that start one benefit from the effort they put in.

If you are struggling with personal debt and need help to prepare a debt management plan that will be managed for you and dealt with by us or jut need general debt help and advice,

please call free using 0800 018 6868, lines are open 24 hours.

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Debts help

Debts help in the UK from Lewis Alexander Financial Management.
Get help to clear debts without loans and further credit. When you need debts help it can be a very daunting task to speak with strangers about a personal problem, you must remember that these strangers are trained to understand your debt problems and can advise you accordingly.
Do not keep making applications fro credit if you have been refused, you must accept that obtaining help with your debts is the next stage. Not to borrow more money!

For debts help and debt advice UK contact our debt helpline 0800 018 6868 in total confidence, our lines are open and your call is FREE from a land line.

Debt Management "Minnow" Lewis Alexander Stands Strong After Avoiding Acquisitions

Lewis Alexander Limited, the specialist Debt Management, Debt Consolidation and IVA advice service has released information about the current standing of the company after its decline of offer/s made relating to the possible sale of the business over the last 3 years.

Manchester, England (PRWeb UK/PRWEB ) April 13, 2009 -- Debt Management specialists Lewis Alexander of Manchester England have confirmed that trading remained profitable for 2008 / 2009. Takeover talks and further bids were rejected over the last 2-3 years but the company remains in a position of financial strength regardless.

The company's main focus is on acquiring and retaining Debt Management clients. It does this through a free from a land line debt helpline, made available 24 hours a day, 7 days a week in the UK.
Most clients who approach Lewis Alexander are in need of advice and help regarding all different types of personal debt issues. Lewis Alxander is a UK registered trade mark and the company is recognised nationally both online and offline through direct response television advertising. An exceptional ability has been shown by Lewis Alexander when it comes to online SEO or Search Engine Optimisation. The company refused to Pay Per Click (PPC) in the past but market conditions are starting to allow for PPC as profit from uncostly SEO is up. The SEO success enjoyed has allowed Lewis Alexander to compete with the larger PLC competition without the same cost they encounter through paying per click. This in turn reduces the cost per client acquisition for Lewis Alexander over its competitors.

Whilst the company has made significant progress and growth over the last few years, it has done this much to the benefit of its existing client base by creating a compliant and honest environment where people can obtain the advice they need at the speed and time they require.
This can only be offered with the commitment of the clients that remain using the Lewis Alexander service. Most debt management companies boast a client retention rate of approx 5-6 months. Lewis Alexander is currently boasting client retention periods of 3-5 years, a massive difference which clearly states a difference in operational procedure.

The profitability of the company is down to a number of reasons. Firstly, the business model is based upon organic growth, so should an advertising campaign turn bad, it has been budgeted and paid for from cash at hand. Secondly, there are a board of keen directors involved that believe in development and investment in existing people and systems, that without, the company would not be where it is. Thirdly, the company shows a commitment to the clients long term financial recovery by not over stretching them and making initial repayments affordable. Their advisors are not commission based, they are paid regardless of the client taking the companies fee charging help. This ensures compliant advice on behalf of the company at all times.

The reputation of Lewis Alexander debt help UK is at stake every time it makes an offer of repayment to a creditor, on behalf of a third party/client. This is because if the third party/client does not commit and repay, the offers sent by Lewis Alexander appear disrupting to the creditors. This is important as the client selection by Lewis Alexander is as important as the clients own selection of the service they choose.

The outlook for the company is strong for 2009 / 2010. Trading will be slowed by market conditions in the first / second quarter and the obvious problem faced for most debt agencies is that people cannot consider repaying their unsecured debts until they are back in employment.

This will have significant setbacks to the industry as a main for the remainder of 2009.

Lewis Alexander faced offers and a potential opportunity to join a listed PLC company in its quest to increase market share of the Insolvency / Debt Management arena. The offer was declined by Lewis Alexander shareholders and thankfully due to current share prices at the time of this articles creation, the company stands strong as a master of its own destiny. The fact that the company is privately owned does allow for the extra care and consideration of the client management which is evidenced by the retention rates not just the ability to obtain new enquiries or acquisitions.

This is most important from an investment point of view as the company that attains a client quickly, makes a sale. However, the company that attains and retains clients makes the sale and builds an investable business with a strong foundation.

For further information about Lewis Alexander Limited please visit Lewis Alexander or call +44 (0) 161 872 3383 . See the original story at: http://uk.prweb.com/releases/2009-debt-management/4-company/prweb2319614.htm


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Doorstep loans - YES or NO

A doorstep loan or cash loan is usually the loan of last resort which carries a very high rate of interest. Most door to door loans have high interest rates due to the short nature of the loan.

If you find you are borrowing money from companies such as Provident, Shopacheck or Greenwoods, you may wish to contact us for debt advice UK about how to manage repayments.

Call our personal debt helpline today in confidence using 0800 018 6868.

Credit Card Debt

Are you suffering with credit card debt problems?

Most of the UK is swamped in credit card debt and peoples lives are becoming a misery. Not only do changes in circumstance affect us daily, people do not seem to have the savings that families enjoyed generations back.

Families are splitting up due to financial problems and this is very sad when the people involved have sound relationships, apart from the financial side.

If you think you are going to fall behind with credit card repayments, stop and get the help that is available today. The later you leave it to take debt advice UK or debt help the larger the credit card debt becomes.

Contact our debt helpline in confidence today using 0800 018 6868. Your call is FREE

Bad credit loans

Bad credit loans are very high interest baring and are hard to get away from. They are near impossible to pay off due to the period of time of the original loan and once the interest starts compounding you are less likely to be able to clear a bad credit loan.

For debt advice UK and debt help about bad credit loans please contact our personal debt helpline.

How to clear Personal Debts with the increase of Energy prices

If you are struggling to clear personal debts and are increasingly worried about the prices changes within the energy markets, you need to prepare a budget to get you through the problematic period ahead. The budget can be quite simple, start by listing what you have coming into the household income each month and then prepare another list of what is going out in expenditure.

Once you have this income and expenditure statement you may be worried that you do not have enough coming in to cover what is going out!

That is when an individual needs to take debt advice UK about how to change the costs within the home or increase earnings to cover the extra costs each month, this is not all ways possible in a short space of time. if you have a mortgage, your personal debt problem is more serious regarding your property, that mortgage must be paid at all times, the moment you are falling behind with your mortgage, you must take financial advice!

You could be evicted from your home or place of residence and even if you are renting a property, you must keep up with the payments for the roof over your head as a main priority. Not all cases are so severe!

The following debt solutions can help you clear personal debts, debt management plans, debt consolidation loans, debt management UK, bankruptcy and Insolvency or an IVA.

If you need personal debt help or advice about how better to manage your finances, please call our personal debt helpline in total confidence today, our advisors are straight to the point and also aware you may be finding it difficult to pick up the phone and discuss the issues you are facing, we deal with personal debt problems daily so be strong and call our free phone debt helpline now using 0800 018 6868, your call is FREE from a landline!

Personal Debt Help Enquiries Surge in June

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

Clear Personal Debts with an IVA, Debt Consolidation or Debt Management

If you wish to clear personal debts without having to increase your borrowings further, you may wish to consider a Debt Management Plan or IVA, these personal debt solutions can clear debt without loans. They are a form of debt consolidation that help people who have previously been refused credit. They also help you avoid bankruptcy.

Are you afraid of what debt collection letter from which company is going to drop into your mail box next? Are your creditors calling you at work or at home, daily? You may even be dealing directly with your creditors, sometimes known as self debt management. This can be difficult and we can advise you further.

We can assist you to clear debts today with a personal debt solution,

Call 0800 018 6868 today in total confidence.

Become clear of debt with direct help & advice

If you are struggling with your finances and require personal debt help or advice, try using a company that offers a free helpline as a starting point.

Companies that charge you for advice are not helping you!

IVA companies, that originally set up as sole IVA providers, are now chasing vulnerable debt management clients, as they are unable to sustain the levels of enquiries they had become accustomed to over the last few years whilst solely providing personal insolvency solutions.

This is strange as the models of some of these businesses were originally based on IVA operations but they seem to be operating in all sectors of late. When a personal insolvency company starts to move in a particular direction that it has been known to have portrayed previously as weak or a little none compliant, it can NOT only be based on changing times, they are possibly struggling to maintain existing levels of turnover from sole provision of the original service offered and this some what compromises the high esteem they may have previously been held in by some!

Lewis Alexander Financial Management urges people to seek advice from specialist debt companies and the consumer should ask the company offering the advice if they are privately or publicly owned. This can sometimes be evidence to the consumer of the true intent behind the company ethos, will they at all stages be compliant in their dealings, advice and debt solutions offered, whilst trying on the other hand to obtain income of sales to sustain hungry investor appetites? Or, are they privately owned and investing in their clients future high level of service by concentrating on improving the service experience current clients enjoy?

The real intention of any personal debt company should be to help the vulnerable consumer clear personal debts as quickly as possible. This is not all ways the case.

Please note that only an IVA can clear debts in 60 months or 5 years.Conditions do apply.

Debt Management will clear your debts and suits many people but no fixed time period or end date can be promised, any individual or company claiming to be able to offer an exact end date for the debt management plan is lying!

For friendly advice regarding all personal debt solutions, please call FREE using 0800 018 6868

Employment problems whilst struggling with personal debt?

If you fear you are about to be made redundant or have recently lost your job, do not prioritise the repayments of your personal unsecured debts. For example, credit cards, personal loans, catalogues etc. You MUST make sure you pay your priority debts and repayments first, such as, Mortgage, Rent, Council Tax, Electricity, Gas, TV license. If you allow arrears to build up or bills for the home get out of control, you could end up losing your home or dwellings.

We help many people understand which bills need paying first and which should take a back seat for the time being, we are not saying that unsecured debts should be ignored, quite the opposite, however, with a little sound advice it is quite amazing how easily a personal debt problem can sometimes be solved.

If you fear you are about to be made redundant or need help regarding benefits available, their are many organisations that can help and offer UK debt advice.

Personal debt in the workplace can be very difficult to deal with. Others around you are most probably going through the very same feelings of stress and worry. Do not suffer alone, call our debt helpline in confidence and sleep peacefully tonight!

Call 0800 018 6868 FREE from a landline today, it only takes one call to start to clear a debt problem!