Debts We CAN help with
The following list shows typical debts we can usually help with:
- Unsecured loans
An unsecured loan does not require property as security for the loan. Unsecured loans are not secured against your assets and therefore, as there is no guarantee or security for the lending institution, they are seen as higher risk to the lender. Often the APR (annual percentage rate) of an unsecured loan is higher than of a secured loan, due to the increased lender risk. - Credit Cards, Store Cards, Catalogues
A credit card is a system of payment whereby the issuer lends money to the user at a cost of interest charged. A store card, on the other and, is a financial transaction card related to a retailer which can be used only for purchases from the retailers concerned.
- Shopacheck, Provident, Greenwoods
- Overdrafts
An overdraft is an agreed spending limit on an account and gives the account holder greater flexibility in managing cash flow. However, overdrafts should be arranged in advance of use with your bank as charges can be incurred.
- Doctors, Dentists, Vet, School Fees
This is only if the service is no longer being used. - Landlord rent
This only applies if you are no longer living at the property for which the rent is outstanding. - Business debts
This only applies if the business has ceased to trade. - Solicitors Fees
This only applies if the solicitors firm don’t act on your behalf anymore. - Utility bills from a previous address
This only applies if you have a new supplier.
Debts we CANNOT help with
The following list shows the debts that we cannot help with:
- Rent arrears if you are still living in the property
- Council Tax arrears
- Utility Bills - This depends on your current circumstances and is worth discussing with one of our advisors.
- Government Debts
- Bailiff debts
- Finance Agreements - For example; secured loans, mortgages, etc
- Friends and Family
- Student loans
- Brighthouse
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