Whenever you type in quotes about debt onto search engines the top adverts are from firms who have paid to be at the top of the listings. They offer tempting solutions such as “Write off unaffordable debt”, “Government lets you write off debt”, “Write off your debts” etc, etc. There have even been clone firms pretending to be charities. Be extremely careful before you click away as it can be very tempting to simply click on accept terms and conditions (how often do we read them?).
These companies act as an intermediary and charge you hundreds of pounds for referring you to insolvency practitioners and so on, to annoy them here is the direct link
www.gov.uk/find-an-insolvency-practitioner
In short, they prey on the most vulnerable and desperate in society, they will advise you to take the route that gives them the most income – NOT whats in your best interests
There are effectively four pays to get rid of debt,
- Repay it – if you are struggling let them know, most lenders are very helpful;
- Debt Relief orders
- IVAs
- Bankruptcy
The last three are covered in their section, each has its own eligibility details and so on, choosing which one is right for you could be tricky, you certainly don’t need to pay anyone to help as they all come with a specialist included in the fee to walk you through everything.
If you want to speak to us about your situation then that’s great, however, please note that we do charge for our service, out of fairness we would suggest trying a free independent source, such as Citizens Advice before joining as a client.
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