Debt can build up unexpectedly. If you’re feeling a little overwhelmed, talk to us about a consolidation plan. We’ll look at the figures together and see if we can help get your current debt restructured and in the process make life more manageable.
Debt Consolidation is not a process you should take alone. Talk to a financial expert before entering into a consolidation plan. Call us today if you are worried about your debt.
01. Initial Consultation Meeting
This involves a 'Face to Face' meeting with one of our qualified debt advisers, a thorough fact finding process is followed. We obtain an accurate picture of the customers financial position. This is essential as we cannot give appropriate advice without this information. Details such as assets, liabilities, income & expenditure, current & past financial history are discussed. The level of both consumer and non-consumer debt is also established.
Prior to the provision of any advice we will provide you with a statutory 'What you should know' letter. This document clearly sets out our fees. At this stage a fee will be paid. This fee will be advised in advance of any consultation. Advice will only be provided upon return of signed 'What you should know' letter.
02. Assessment
If you decide you want to proceed with us to assess your options in full .We will provide you with, our Debt Management Assessment pack ,a checklist of what we will need, and a Letter of Authority to enable us to engage with Third parties to obtain or provide information where required. This must be completed in full, signed and returned to us with supporting documentation. We will issue you a Statement of Advice and we will contact you to discuss the assessment outcome.
03. Creditor Negotiation Stage
Once Creditor Proposals are completed we will then make contact with Creditors with a view to engaging in an open & transparent negotiation between all parties in the expectation of achieving an agreement between all concerned. We primarily negotiate with a view to obtaining a long term sustainable agreement.
04. Conclusion
Once final proposals have been agreed between all parties we will outline in writing reasons why this is the best possible outcome for all involved. Some agreements require a trial period & it is recommended that our services are retained until completion of any such period.
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