I Need A Debt Write-Off

How Can You Write Off Debt?

Anyone who is or has been deep in debt will admit that there are moments when they close their eyes and dream of someone waving a magic wand to relieve them of their problems and pain.

In the real world, however, that is wishful thinking.

But there are real-life solutions to the problem of debt and a real means of recovery whereby those who fear they will never survive the trauma in which they find themselves are able to do so after all.

It is estimated that half a million people in the UK are beset by very serious debt problems in the form of unsecured loans they are unable to pay. That estimate is believed to be rather conservative, however.

Secured debts are usually sizeable loans made against the market value of a tangible asset – a house or a car, for example, which could be repossessed and re-sold to help clear the loan in the event of the borrower defaulting on repayments.

Unsecured debts tend to be smaller having been run up on credit cards, store cards, bank overdrafts, pay day loans or student loans.

A major problem with unsecured debts is that while, as individual loans, the amounts involved are smaller than in the case of a secured debt, there do tend to be quite a number of them. When those are totalled up, the aggregate is considerable.

And because the creditor has taken a risk by advancing unsecured money, the interest rate charged for that is always higher.

Once a borrower starts to have problems in trying to service those various unsecured debts on a monthly basis, the financial noose around his or her neck tightens quickly. Cue a flood of letters and phone calls demanding payment(s).

Having advanced you money – minus any security from you in the form of assets – in the expectation that you will repay them, fully and on time, lenders start to apply pressure as soon as you fail to deliver.

They see that you are struggling, so they want their money back before you go disappear beneath a tidal wave of debt.

Your inability to repay may stem from factors beyond your control – unemployment, reduced working hours and earnings, sickness, an accident, divorce or bereavement for instance. All such issues are important.

The fact that you are on the Get Help With Debt website suggests you may have a money problem. If so, the question you want answered is how can you hope to write off up to 80% of your debt?

The answer is as follows: experts on the complex laws on lending, banking and borrowing, all the actions relating to each of those areas and the possible repercussions, sit down with you, examine your position in detail, work out what you can – and, equally importantly, cannot – afford to pay and inform your creditors of those realities.

They act with you and for you, providing a buffer between you and your creditors.

Because lenders recognise them as being experts who, crucially, are licensed and regulated by the Financial Control Authority, the personnel behind the Get Help With Debt website are highly respected within the UK’s finance sector.

Your creditors know that what they – as your representatives – will propose is going to be the fairest option and the one best-suited to your particular circumstances.

Ordinarily this will be one of three options – a Debt Management Plan (DMP), an Individual Voluntary Arrangement (IVA) or bankruptcy.

A DMP is an agreement between you and your creditors to pay off ALL of your debts.

This tends to be deployed where the debtor can afford to pay creditors a smaller amount each month over a longer term, or where the debtor will be able to make repayments in a few months, but not at this moment.

An IVA is based on your ability to repay SOME of the debt every month, usually for five years, at the end of which all remaining debt – sometimes up to 80% – is written off.

The IVA is presented to all of your creditors and if the majority of them accept this new repayment proposal, it becomes a legally binding contract between you and them.

The heat is off; in an instant your monthly repayments are reduced dramatically to a level you actually can afford.

After 60 months the IVA will have run its course and any remaining debt is wiped off the slate, leaving you to rebuild your life and move on.

In certain circumstances, bankruptcy is the best option. That, however, is only the case very occasionally.

Check the contact details on the Get Help With Debt site and follow up with a phone call. It could be the best one you’ll ever make.

Struggling With Unaffordable Debt?

Struggling With Unaffordable Debt?

Unsecured debt is a serious problem affecting many in the UK. Individuals, families and businesses alike are victims.

So what is unsecured debt? And, more importantly, what can be done to help those drowning beneath its waters?

An unsecured loan is one that has not been secured against an asset or is not covered by a guarantor.

Examples include credit card debt, utility bills and arrears on other types of loans or credit given to a borrower who was not required to provide collateral to offset the risk of non-payment.

This contrasts against a secured loan for the purchase of a house or a car, for example.

Those loans are secured against the asset, which can be taken from the borrower if he or she fails to maintain repayments in keeping with the terms and conditions of the agreement they signed with the lender when the loan was set up.

‘Repossession’ is the technical term in this instance.

But unsecured debt is different as there is no house or car to offset it.

Always an unsecured loan constitutes a sizeable element of risk for lender. Why? Because there is the possibility that the borrower will fail to make full repayment of the loan. And there is no house or car to compensate for this.

So what action can the lender take against the borrower in such a situation?

They can also report the borrower to a credit reporting agency, sell the debt to a collection agency or sue. If they file for a law suit, the court may force the borrower to use specific assets to repay the unsecured debt.

In view of the element of risk to the lender, unsecured loans carry a higher rate of interest. Obviously, then, this in turn translates as the borrower having to make bigger repayments.

But if that borrower then runs into problems as a result of sickness, unemployment, reduced working hours, the loss of a partner – either through bereavement or divorce – or for some other reason, the fact that those repayments are bigger simply adds to the problem.

The fact that you have visited this website and are reading this article suggests you may have recognised that you need to get help with resolving unsecured debt problems.

If so, you will be relieved to learn that such assistance is indeed available from reputable, knowledgeable advisors who excel in finding statutory and non-statutory solutions to debt.

The Get Help With Debt staff certainly fit the bill.

They are gifted individuals from a variety of backgrounds in banking, finance and the law relating to those areas. So if you need to get help with debt, be assured that they will find solutions which satisfy the law as well as meeting the requirements of your creditors.

Their statutory solutions are IVAs, bankruptcy – but only very occasionally – and debt relief orders. They are regulated by the Accountants’ Regulatory Board, thereby guaranteeing their clients the best possible advice in their particular situation.

Their non-statutory solutions are debt management plans and informal settlements. These, too, are regulated – in this case by the Financial Control Authority, the independent regulators of all reputable financial organisations in the UK.

A word of warning: never seek help or take advice from any individual or company not regulated by either of these two bodies. Big mistake.

Those who are in over their heads with unsecured debts almost certainly are highly stressed at this stage. If so, they will not be thinking clearly. And if they are not conversant with all of what is happening they are in no position to navigate a route out of this financial/legal jungle.

So they need guidance in order to protect themselves.

It is vital, too, they know that even in their seemingly precarious state, they continue to rights. And options.

And this – by virtue of their experience and know-how – is where the experts who provide help with debt shine on behalf of those in trouble.

Joe or Joan Average’s perception of their debt position is: “I have X amount of pounds going out on debt repayment per month and I don’t have enough coming in to service it.”

But Get Help With Debt’s experts assess things differently. Their questions at the outset are: What are the priority debts? What are the absolute essentials, the things that MUST be paid?

And what are the non-priority debts?

That simple priority/non-priority split makes things look very different. Immediately. And once that difference has been established, those experts can get to work on finding solutions to your problems.

Follow the contact details on this Get Help With Debt site and benefit from the assistance you require.

Get Out Of Debt With Our Personal Debt Solutions

Get Out Of Debt With Our Personal Debt Solutions

Anyone who is, or ever has been, up to their eyes in debt will know the pressure and stress it produces.

Some view themselves as losers – incompetent, incapable and naive in their monetary dealings. Some regard themselves as being innocent victims of others’ duplicity and unscrupulousness.

But in all probability, neither of those views is wholly accurate. Most of us are not utterly incompetent. Nor are most of us wholly dishonest and knowingly exploitative of others.

So being in debt probably is not as a result of our own stupidity or others’ cunning.

Nor is it likely to have been caused by wilful irresponsibility or knowing recklessness on our part. Very few set out intent on becoming indebted and dismissive of the consequences.

A far more probable scenario is an unforeseen and unfortunate change in our circumstances. Unemployment, reduced earning capacity, debilitating illness, an accident, divorce or bereavement are some of the factors which can throw a grenade into what was our lifestyle.

Any one of these setbacks can affect our ability to service loans. And where outgoings are greater than our income that is the start of debt problems. We begin to fall behind with mortgage repayments, for example.

That’s called ‘being in arrears’.

Property debt and mortgage arrears are huge problem in the UK, witness the frequency of County Court Judgements (CCJs).

Having a CCJ against you is a significant disadvantage in that it adversely affects your credit rating. Banks and loan companies use such information in deciding whether to give you credit or loans, so clearly this is going to create problems further down the line.

A CCJ remains on the Register of Judgements, Orders and Fines for six years, though if you pay the full amount within one month you can have that judgement removed from the register.

If you pay after a month, you can get the record of the judgement marked as ‘satisfied’ in the register. And while it will remain on the register for six years, anyone checking will see that you have paid.

Now the fact that you are reading this article on the Get Help With Debt website suggests that you, or someone close to you, may have problems with property debt, mortgage arrears or a CCJ.

Property-related debt is negative equity or overdue mortgage repayments owed to the lender.

A mortgage, of course, is a loan secured against the value of the property, which is the asset.

As property debts and mortgage arrears are non-statutory debts, the solutions to these problems tend to be debt management plans or informal settlements which – in the case of Get Help With Debt – are regulated by the Financial Control Authority, the independent regulators of all reputable financial organisations in the UK.

The problem with any secured loan is that the lender may repossess the asset against which the loan was made. Where they do that, it is in order to then sell it, thereby reducing the debt owed to them. But that is not a good position for you, the debtor, on two counts:

  1. It renders you homeless.
  2. In the event of the bank selling your house for a low price in an auction, you remain liable for any shortfall in the money you borrowed from them.

This Get Help With Debt website includes details of how and where you can get in contact with our team of experts who will be able to inform you of all your options and then, acting on your behalf, negotiate an agreement with your creditors.

Your representatives from the Get Help With Debt team will work out a realistic, best-case-for-you settlement proposal.

Occasionally – notably where there are other debts – this may result in an Individual Voluntary Arrangement (IVA) being drafted by the Get Help With Debt team’s insolvency practitioners, operating with your permission and on your behalf.

They will then present this to all of your creditors.

Such a proposal is based on a realistic assessment of your ability or inability to make monthly repayments.

If the majority of those creditors accept this new repayment proposal – and, based on your representatives’ experience, skill and hugely impressive track record, that is the highly probable outcome – this agreement will become a legally binding contract, resulting in massive savings for you.

Instantly, your monthly repayments will be reduced dramatically, perhaps by somewhere between two-thirds and three-quarters.

Usually an IVA runs for five years (60 months), after which any remaining debt is written off.

Whatever the route proposed, it will be the one which is best for you in terms of getting your mortgage back on track – the number one priority in that it secures the roof over your head.

I Need A Debt Management Plan

I Need A Debt Management Plan

Debt debilitates people. It affects their physical and mental health, robs them of their self-respect and slowly, gradually, ultimately takes away their sense of well-being having first ended their hopes and dreams.

American financial author and television/radio personality Dave Ramsey advised: “You must gain control over your money or the lack of it will forever control you.”

As advice goes, it wasn’t too wide of the mark.

It has never been easier to accumulate debt. We are encouraged to do so all the time with the entire capitalist economic system now appearing to run on tick. As a result, tens of millions of people spend tens of millions of pounds, dollars, euros or whatever else buying what they want when they want it.

Profligacy was anathema to earlier generations, of course. Our grandparents used to warn against this lifestyle, their motto having been, “If you don’t have the money to buy it, don’t buy it.”

But somewhere or other along the road we turned off away from that simple straight and narrow route and instead began to do things another way. Many have lived to regret that change, having discovered for themselves the wisdom of Mr Micawber’s oft-quoted, recipe for happiness as cited in Charles Dickens’ David Copperfield: “Annual income twenty pounds, annual expenditure nineteen pounds, nineteen shillings and six pence, result happiness. Annual income twenty pounds, annual expenditure twenty pounds, nought shillings and six pence, result misery.”

As long ago as 1732 physician and preacher Thomas Fuller warned: “Debt is the worst poverty.” Prophetic words.

And in William Shakespeare’s Hamlet, Polonius cautioned: “Neither a borrower nor a lender be, for loan oft loses both itself and friend.”

There is an even older proverb which urges, “Before borrowing money from a friend, decide which you need more.”

We really ought not to be too surprised, then, to find just how cripplingly undermining debt is; over the centuries – the millennia, even – the warnings against succumbing to it have been numerous, after all.

But at some point some person or group of people, who stood to make an awful lot of money from the process, decided things would be much better if we were all to start borrowing money – from them, of course – and spending it like it were our own. Never have the results of that philosophy been more obvious.

On January 13, 2016, a report by Simon Read appeared in The Independent beneath the headline, ‘Is the UK facing a debt disaster?’
It was a rhetorical question given that the opening paragraph read: ‘Shock new figures published today reveal that household debt has soared by two-fifths in just six months.’
It continued: ‘Aviva’s Family Finances report found that average debt now stands at £13,520 – a climb of £4,000 from £9,520 last summer. It is the highest levels seen in the quarterly survey for two-and-a-half years.

“It is concerning to see that household debt has grown to such levels,” said Caroline Siarkiewicz, head of UK debt advice for the Money Advice Service.

‘The rise in the figure – which doesn’t take account of mortgage debt – means the average amount owed is 24 per cent higher than in winter 2011 when the data was first recorded.

“The alarming levels of rising household debt, along with a recent reduction in income and savings levels, paints an uncertain picture for the family purse in 2016,” said Louise Colley, managing director, protection, Aviva Life UK.

‘Aviva’s reports makes for sobering reading. It suggests average credit card debt has climbed by more than a fifth in the last six months, from £1,960 in summer 2015 to £2,370 now. The amount owed on overdrafts has increased even more quickly, rising by almost two-fifths from £870 to £1,190.

‘Meanwhile, one in four families now owes money on a personal loan – that’s a rise of almost a quarter from a year ago – with an average outstanding balance of £2,080. Over the last five years, mortgage debt has also risen by a more than a fifth.’

So there, in those few paragraphs, you see all the problem areas identified – mortgages, credit cards, overdrafts and personal loans. Add payday loans to that quartet and you have a full house of debt in its various guises.

Benjamin Franklin once said: “Creditors have better memories than debtors.”

But the problem isn’t with debtors’ memories – it’s with their inability to pay, not least because we insist on spending money which we should instead be using to pay off what we already owe.

We borrow too much too readily in living beyond our means. And that translates as more going out than is coming in, resulting in misery as per Micawber.

If we are to escape it, debt must be managed. And almost certainly that will require help from an outsider with a lot of knowledge.

The good news is that such help is available from experts who know exactly what debt resolution entails and understand fully what, under the law, is required of a debtor. That’s a level of expertise most of us just don’t have.

Debt management is the answer to the question of how to get out of debt. So too is our commitment to the belief that debt relief is realistic and therefore can be achieved. Mortgage debt, credit card debt, unsecured loans, overdrafts – there is a solution for all of these.

There are different ways of achieving debt relief, though ultimately each will involve negotiation with creditors. YOU DO NOT HAVE TO DO THE NEGOTIATING. There are others who will act on your behalf.

But before they can do that, they and you have to sit down and have a very honest, to-the-point, no-nonsense, tell-it-like-is meeting to reveal the full extent of the problem and how it has come about.

Then, armed with that information, your adviser will come up with what amounts to a rescue plan designed not only to ensure your fiscal survival but to liberate you from the hardship in which currently you are entrapped. Getting free of debt isn’t so much a case of beating the wolf back from your door – it’s about making sure it never comes back to imprison you again.

Lenders listen to advisers, negotiators and facilitators they respect. If the debtor’s case is made to them by professionals of proven knowledge, they will do business.

Get Help With Debt certainly ticks those boxes. Typically they achieve 80% to 90% debt write-off for their clients, many of whom had feared  that they were beyond help.

Lenders know that a GHWD settlement proposal is only made after a thorough examination of all the facts – the size and nature of the debt, the circumstances whereby it has come about, income, outgoings, resultant ability – or inability – to pay, the precise type of loan(s) and the small print of the contract.

Their respect for GGHWD stems from experience of having negotiated with them in the past, plus the fact that they are Financial Conduct Authority (FCA)-licensed and regulated. In bankers’ eyes, that gives GHWD real status. It is also the client’s safeguard.

Loans can be re-negotiated. Loans can be written off. Banks know that attempts to recover debt take a lot of their time and money so they do the sums in weighing up how much of both they might have to spend pursuing something that ends up being irretrievable.

Loans are re-negotiated or written off every day of the week, with creditors ‘providing debt forgiveness’ to give the process its legal and technical title.
Get in touch now to speak to an expert!

Personal Debt, Do You Need An IVA?

Personal Debt: Do You Need An IVA?

Personal debt is a growing problem in the UK – and many financial forecasters are predicting that things could get a whole lot worse.

Earlier this year Louise Colley, managing director, protection, Aviva Life UK, warned:. “The alarming levels of rising household debt, along with a recent reduction in income and savings levels, paints an uncertain picture for the family purse in 2016.”

Personal debt has grown, in part due to record-low interest levels. Those have meant low-cost loans, with many having availed of the opportunity for so-called ‘cheap money’.

For many the day of reckoning has yet to come.

For others, however, it has arrived or will do so in the very near future. The number of ‘hits’ on the Get Help With Debt website confirms the level of public anxiety at this juncture.

And with so much uncertainty following the June 23 vote to leave the EU, a lot of UK citizens are keeping their fingers crossed that some of warnings as to what may happen a few months or years down the line fail to materialise.

The truth is that no-one knows for sure at this stage. It really is a ‘wait and see’ moment.

The likelihood is that personal debt will continue to be a major problem in the UK, leading to an increase in the number of Individual Voluntary Arrangements (IVAs) between those entrapped and those to whom they owe money advanced as unsecured loans.

An IVA is a formal debt solution enabling a debtor to pay back what he or she owes on unsecured loans – personal loans, credit cards and overdrafts – over an agreed period of time. This requires acceptance by 75% of the creditors.

And while an IVA is the best solution in certain situations, there are others in which a different course of action would be more appropriate and beneficial.

Get Help With Debt’s team of experts know what works best, where and when. For that reason they provide guidance best-suited to particular any given set of circumstances.

A typical IVA scenario is one in which money is owed to a number of creditors. That number may range from three to dozens.

If those debts are insurmountable, or if it is unrealistic for that debtor to continue to service an unfeasible volume of debts whilst trying to provide for their family, an IVA may well be the best solution to that problem.

An IVA can be a lump-sum settlement. Usually that money is raised through the debtor’s family or friends.

More typically, however, an IVA runs for a five-year period.

To qualify for an IVA you must be completely unable to repay your unsecured debts in a reasonable time, but able to make a reasonable monthly repayments towards clearing them.

.If  the IVA proposal is accepted  by the creditors, the borrower is required to meet all the repayment obligations to which he/she has committed himself/herself.

In negotiating an IVA, the whole premise is that it is both reasonable for you and affordable to you whilst acceptable to the creditors. But that means there is no wriggle room; it must be adhered to, without fail, from start to finish.

Provided the debtor keeps up his/her end of the bargain, creditors will do likewise. That means they will leave the debtor alone, so no more letters, phone calls or hassle.

And at the end of five years, provided the debtor has honoured the agreement, the creditors will write off any remaining debt. This can amount to a huge percentage of the original debt.

Because they know the law inside out, Get Help With Debt’s highly qualified personnel are equipped to negotiate best-case solutions to your debt problems.

In any given situation, they know what will work and what will not. So if an IVA is not the best solution, they will examine the other options to find which one is.

Always they start by contacting all of a client’s creditors to point out that the current situation is unaffordable, providing proof of why that is so.

At that, they will propose an interim arrangement to demonstrate willingness to pay what is affordable.

Meanwhile the team will work on a more permanent solution – an IVA, a debt management plan or bankruptcy.

The bottom line is that creditors are realists who know that they cannot get money where there is none. That is why they are willing to work with people whose knowledge, ability and integrity as negotiators they respect.

If, therefore, your case is presented by those your creditors recognise as being experts, it will be viewed much more favourably than would otherwise be true.

Use the contact details on the Get Help With Debt website to get advice on how best to solve your personal debt problems.

I Have Unaffordable Debt, Who Can Help Me?

I Have Unaffordable Debt, Who Can Help Me?

I have unaffordable debt, and I need help!

Debt debilitates people. It affects their physical and mental health, robs them of their self-respect and slowly, gradually, ultimately takes away their sense of well-being having first ended their hopes and dreams.

American financial author and television/radio personality Dave Ramsey advised: “You must gain control over your money or the lack of it will forever control you.”

As advice goes, it wasn’t too wide of the mark.

It has never been easier to accumulate debt. We are encouraged to do so all the time with the entire capitalist economic system now appearing to run on tick. As a result, tens of millions of people spend tens of millions of pounds, dollars, euros or whatever else buying what they want when they want it.

Profligacy was anathema to earlier generations, of course. Our grandparents used to warn against this lifestyle, their motto having been, “If you don’t have the money to buy it, don’t buy it.”

But somewhere or other along the road we turned off away from that simple straight and narrow route and instead began to do things another way.

Many have lived to regret that change, having discovered for themselves the wisdom of Mr Micawber’s oft-quoted, recipe for happiness as cited in Charles Dickens’ David Copperfield: “Annual income twenty pounds, annual expenditure nineteen pounds, nineteen shillings and six pence, result happiness. Annual income twenty pounds, annual expenditure twenty pounds, nought shillings and six pence, result misery.”

As long ago as 1732 physician and preacher Thomas Fuller warned: “Debt is the worst poverty.” Prophetic words.

And in William Shakespeare’s Hamlet, Polonius cautioned: “Neither a borrower nor a lender be, for loan oft loses both itself and friend.”

There is an even older proverb which urges, “Before borrowing money from a friend, decide which you need more.”

We really ought not to be too surprised, then, to find just how cripplingly undermining debt is; over the centuries – the millennia, even – the warnings against succumbing to it have been numerous, after all.

But at some point some person or group of people, who stood to make an awful lot of money from the process, decided things would be much better if we were all to start borrowing money – from them, of course – and spending it like it were our own. Never have the results of that philosophy been more obvious.

On January 13, 2016, a report by Simon Read appeared in The Independent beneath the headline, ‘Is the UK facing a debt disaster?’

It was a rhetorical question given that the opening paragraph read: ‘Shock new figures published today reveal that household debt has soared by two-fifths in just six months.’ It continued: ‘Aviva’s Family Finances report found that average debt now stands at £13,520 – a climb of £4,000 from £9,520 last summer. It is the highest levels seen in the quarterly survey for two-and-a-half years.
“It is concerning to see that household debt has grown to such levels,” said Caroline Siarkiewicz, head of UK debt advice for the Money Advice Service.

‘The rise in the figure – which doesn’t take account of mortgage debt – means the average amount owed is 24 per cent higher than in winter 2011 when the data was first recorded.

“The alarming levels of rising household debt, along with a recent reduction in income and savings levels, paints an uncertain picture for the family purse in 2016,” said Louise Colley, managing director, protection, Aviva Life UK.

‘Aviva’s reports makes for sobering reading. It suggests average credit card debt has climbed by more than a fifth in the last six months, from £1,960 in summer 2015 to £2,370 now. The amount owed on overdrafts has increased even more quickly, rising by almost two-fifths from £870 to £1,190.

‘Meanwhile, one in four families now owes money on a personal loan – that’s a rise of almost a quarter from a year ago – with an average outstanding balance of £2,080. Over the last five years, mortgage debt has also risen by a more than a fifth.’

So there, in those few paragraphs, you see all the problem areas identified – mortgages, credit cards, overdrafts and personal loans. Add payday loans to that quartet and you have a full house of debt in its various guises.

Benjamin Franklin once said: “Creditors have better memories than debtors.”

But the problem isn’t with debtors’ memories – it’s with their inability to pay, not least because we insist on spending money which we should instead be using to pay off what we already owe.

We borrow too much too readily in living beyond our means. And that translates as more going out than is coming in, resulting in misery as per Micawber.

If we are to escape it, debt must be managed. And almost certainly that will require help from an outsider with a lot of knowledge.

The good news is that such help is available from experts who know exactly what debt resolution entails and understand fully what, under the law, is required of a debtor. That’s a level of expertise most of us just don’t have.

Debt management is the answer to the question of how to get out of debt. So too is our commitment to the belief that debt relief is realistic and therefore can be achieved. Mortgage debt, credit card debt, unsecured loans, overdrafts – there is a solution for all of these.

There are different ways of achieving debt relief, though ultimately each will involve negotiation with creditors. YOU DO NOT HAVE TO DO THE NEGOTIATING, HOWEVER. There are others who will act on your behalf.

But before they can do that, they and you have to sit down and have a very honest, to-the-point, no-nonsense, tell-it-like-is meeting to reveal the full extent of the problem and how it has come about.

Then, armed with that information, your adviser(s) will come up with what amounts to a rescue plan designed not only to ensure your fiscal survival but to liberate you from the hardship in which currently you are entrapped. Getting free of debt isn’t so much a case of beating the wolf back from your door – it’s about making sure it never comes back to imprison you again.

Lenders listen to advisers, negotiators and facilitators they respect. If the debtor’s case is made to them by professionals of proven knowledge, they will do business.

Get Help With Debt certainly tick those boxes. Typically they achieve 80% to 90% debt write-off for their clients, many of whom had feared  that they were beyond help.

Lenders know that a GHWD settlement proposal is only made after a thorough examination of all the facts – the size and nature of the debt, the circumstances whereby it has come about, income, outgoings, resultant ability – or inability – to pay, the precise type of loan(s) and the small print of the contract.

Their respect for GHWD stems from experience of having negotiated with them in the past, plus the fact that they are Financial Conduct Authority (FCA)-licensed and regulated. In bankers’ eyes, THAT gives GHWD real status. It is also the client’s safeguard.

Loans can be re-negotiated. Loans can be written off. Banks know that attempts to recover debt take a lot of their time and money so they do the sums in weighing up how much of both they might have to spend pursuing something that ends up being irretrievable.

Loans are re-negotiated or written off every day of the week, with creditors ‘providing debt forgiveness’ to give the process its legal and technical title.

Get in touch now if you need help with unaffordable  debt!

I Need To Get Out Of Debt, Can You Help?

I Need To Get Out Of Debt

How Can I Get Out Of Debt?

Anybody can get into debt. It really isn’t difficult; we can do that all by ourselves, no assistance needed.

But getting out of debt is altogether different. Here the help of others who understand the numerous and often highly complex laws on borrowing, lending, debt, repayment, contracts, non-payment penalties,  the rights of creditors and borrowers alike et al,  is almost certainly going to be essential. There is a maze to be navigated and only those who know how to do that emerge from it intact.

The assistance of experts is vital in speeding up certain things in the debtor’s favour – and, equally importantly, slowing down other disadvantageous elements in order to keep the wolf from the door and buy time in which to resolve matters.

Debt relief is the goal and debt management is the route to achieving it. It’s a step by step process in which the knowledge and negotiating skills of an expert in debt advice play the key part. It’s a simple fact that some areas of life require the input of those who, by virtue of their know-how, are best equipped to cope

The numbers of daily hits on ‘how to get out of debt’ sites confirm the scale of the problem and underline the stress to which indebtedness evidently leads.

Millions of people in this country are up to their eyes in debt, much of it of the credit card variety, witness the endless volume of on-line traffic heading to sites offering advice and help on that particular subject. The ‘spend now, pay later’ lifestyle comes at a price. Ask any financial adviser or doctor as to the cost when people start to realise they are in over their heads.

In such cases credit card consolidation with 0% interest is an option – and a very good one. Provided, that is, you are scrupulous in maintaining the repayments. Because f you aren’t – if you default by even one day – you move from enjoying 0% to being hammered with an interest rate in the region of 30% in the blink of an eye. And at that moment you are right dragged back to square one. Think worst case scenario snakes and ladders. These guys take no prisoners…

That totally derailing change in your status can be as a result of something as simple as the loss of a few days’ wages as a result of illness or a reduction in those overtime hours on which you were depending.

So if you are in debt, of whatever kind, you need help. Your first port of call must be to consult advisers with a proven track record.

Possibly the most important question you can ask of any company or individual offering debt relief, debt management or debt solutions is this: “Are you FCA (Financial Conduct Authority) licensed and regulated?”

If the answer to that question is ‘Yes’, then you are in good hands. If it is ‘No’, thank them for their time, bid them farewell and make your exit.

Knowing that you and your interests are being represented by people of integrity as well as ability is another ‘must’. You need to know that those to whom you are entrusting your future don’t only know what they are doing, but that they are completely trustworthy in terms of how they conduct their business.

Why is that? Because while knowledge in itself is impressive, without the integrity which transforms it into wisdom, it is hollow.  Dietrich Bonhoeffer hit the nail on the head when he said: “The best-informed man is not necessarily the wisest. Indeed there is a danger that precisely in the multiplicity of his knowledge he will lose sight of what is essential. To recognise the significant in the factual is wisdom.”

Obviously the nature and amount of debt – and of those institutions or individuals to whom it is owed – varies from person to person. So, too, does the simplicity or complexity of the overall picture.

Experience shows that few people with debt problems owe to just one lender. Ill-advised, uncontrolled borrowing is a downward spiral in which the borrower ends up taking on more and more debt in the hope of staying ahead. The end point in this comes when they realise it has become impossible to pay what they owe.

At that point there are salient questions to be asked and answered. Who is applying most pressure? To what extent, if any, have they been willing to accommodate you to date? Are their court rulings against you? Do you ‘own’ your home and, if so, what is the nature of that ‘ownership’? What type of mortgage do you have? Are your mortgage repayments up to date? If not, what is the extent of your arrears? What other loans/debs do you have?

Good, conscientious, legitimate, professional advisers will sit down with you to examine your circumstances fully in order to construct a debt management plan that is (a) workable, (b) realistic, (c) acceptable to the creditor(s), and (d) goal-achieving. Then based on your income and outgoings – which determine what you can and can’t afford – the law and their negotiating skills, they will attempt to come up with a proposal which you will be able to afford and which will see your legal obligations are fulfilled.

Different loan types come with different rules, terms and conditions attached. A pay-day loan – make that ‘debt’ – is not the same as a mortgage, nor is an overdraft the same as a HP agreement. There is all manner of small print, minutiae and detail to be sifted in the course of extricating a debtor from the mess in which he or she finds him-or-herself.

The role of the debt adviser – who is on your side and is acting with your interests at heart – is to go through the problem with a fine fiscal and legal tooth comb to discover the exact nature of the problem and then decide on the best way of addressing it. If they are experts, they will know things most others do not, be they legal nuances or escape clauses which can be activated by extenuating circumstances.

If you have put off seeking help in the hope of a scratch card win or a blinding light revelation as to how to make a fortune overnight, maybe the time to stop kidding yourself has come, not least because you certainly aren’t kidding your creditors.

So get real and start taking action now on the road to recovery. You might just be pleasantly surprised to learn just how quick and pain-free it can be. As for the sense of relief, you can’t put a price on that.

Debt Forgiveness, Does It Really Exist?

Debt Forgiveness, Does It Really Exist?

Such a direct question as ‘Does debt forgiveness really exist in the UK?’  deserves an equally straight answer.

So, in a word – ‘yes’.

There is debt forgiveness in the UK. That is a fact of life which has offered hope to tens of thousands who feared they might never recover from the financial mess in which they found themselves, often through no fault of their own.

All sorts of people are trapped in all sorts of debt for all sorts of reasons. That, too, is a fact.

Changes in circumstances can de-rail people who are totally innocent of having taken rash decisions or made high-risk calls.

A great many of those in debt in the UK are victims of unemployment, a reduction in overtime opportunities – and, with that, of course, reduced wages – sickness or an accident necessitating time off work, bereavement or divorce.

Debt on secured loans – those for house purchase or a new car, for example, plus those which are underwritten by a guarantor – offer lenders security.

But debts on unsecured loans – credit cards, store cards, personal loans and student loans, for example – offer no such security to the lender/creditor. That being the case, interest on unsecured loans are higher, making them a more expensive way of borrowing.

As with any loan agreement, everything is fine so long as the borrower is able and continues to make repayments, in full and on time.

But where there is a change in circumstances as a result of any of those reasons listed above, the borrower’s ability to keep meeting such commitments is affected.

The result? Debt.

The fact that you have visited the Get Help With Debt website is a pretty clear indicator that you have – or someone close to you has – just such a problem.

So you probably want to know if there is any way of avoiding your financial demise?

Again the answer is ‘yes’.

Even if you are unable to pay off all your debt you should – with the help of experts who know how to resolve such issues – be able to satisfy your creditors’ demands sufficiently to protect yourself, your family and/or your business and safeguard your/its future.

How does debt relief work and why would creditors be willing to settle for a one-off payment or a series of lesser payments over a re-negotiated time period?

Debt relief is a self-explanatory term made up of two words.

‘Debt’ means something – usually money, but sometimes goods or services – owed to another.

‘Relief’ means deliverance from or alleviation of (pain, stress, anxiety etc).

Basically, debt relief means re-organising debt in order to provide those to whom the debt is owed with a measure of relief, either fully or partially, from a huge debt burden. The fact that this also comes as a relief to the debtor is another plus.

If they are to accept a debt relief proposal, creditors must see that the repercussions of debt default by the borrower or borrowers are likely to prove so severe that mitigation is a better alternative.

It’s that old ‘half a loaf is better than no bread’ adage.

Individuals, small businesses, large companies, municipalities and sovereign nations can all pursue – and benefit from – debt relief.

How does debt relief work?

It works as a result of each of the parties involved accepting the reality of things as they are.

In-house experts working for Get Help With Debt clients assess and then present their case – their reality – to the creditors in a manner which lays bare all the facts of the matter.

In layman’s terms, this entails identifying priority outgoings to see what remains once those have been subtracted. Initially, then, debts are left aside.

What constitutes priorities?

You need a roof over your head, you have to eat, you have to clothe yourself and you have to run your car to get to and from work where you earn your income.

Being subsistence-level essentials, those come off the table straightaway as non-negotiable.

So if you earn £2,000 per month and your mortgage is £600, your food-clothes-household bills total £800 and the running costs of your car come to £200, that leaves a post-essentials figure of £400.

That is the maximum amount which, realistically, you can pay to your creditors per month.

So it is less a case of what those creditors are owed, as of what you can pay them.

And that is the basis of finding an agreement whereby debt relief is achieved in the interests of all the parties.

Contact the Get Help With Debt experts and let them work on your behalf in reaching an agreement which is workable for you and acceptable to those to whom you are indebted.

Aria Residential, The Landlord’s Choice

It isn’t rocket science; a landlord’s primary objective is to make money, be it as a result of rental income or through selling property at the right price at the right time.

Either way they will benefit from a good working relationship with a proven, knowledgeable, reliable, trustworthy estate agent whose record supports his or her claims to be able to find a good tenant or a genuine buyer. Aria tick each of those boxes, and quite a few others besides, hence their popularity and reputation among landlords.

The Lisburn Road-based estate agency’s name is recognised and acknowledged as one that is growing across Belfast, not least because of the size and quality of Aria’s management book. Aria have hundreds of landlords on board at this stage, and there are others keen to join them. This all translates as ever-growing portfolios offering a very wide range of properties and prices. And with access to an impressive number of buyers who come to Aria with specific requests, it is a process that works for each of the parties concerned. Win, win.

As well as providing all of the expected and traditional estate agent’s services, Aria help to source properties for customers. Their clients range from Joe and Joan Average who happen to have inherited some money and now want to buy a property to rent out, right up to large-scale investors who have funds of several million pounds with which to buy an entire portfolio. No job too small or large, then.

So if any landlord is thinking about selling a property or properties at this stage, there is a very real possibility that Aria will have someone on their books intent on buying just such a holding or holdings.  In a case like this there is no need for boards or advertising; with a vendor and a purchaser meeting one another’s requirements it is a quick, smooth, straightforward transaction. Thus, with customers already standing by, waiting, ready, willing and able to buy appropriate properties as and when they become available, Aria are a lap ahead of much of the field.

Their success in catering for the upper and lower ends of the market are reflected in their figures. Just as they have done deals for £40,000, so too have they recorded others worth several millions of pounds. Their successes have been across the board and that is something which has earned them the respect and confidence of landlords, whether they are of the selling or buying variety. Of course, the situation is not static. Because people’s wants change, things seldom remain still for long in the world of landlords or the sale or purchase of houses, flats or apartments.

Aria are designed to cope with that reality. They major in finding out what exactly a potential buyer wants and then match them up with the appropriate property. It’s a time and money-efficient format that invariably delivers results. It might be a simple case of Joe and Joan Average wishing to invest in a to-let property that is pretty much good to go, with perhaps just a coat of paint required. Alternatively it could be a well-heeled group of investors intent on buying a much larger portfolio.

Does this happen? Yes, Aria recently completed a single transaction in which 38 houses were sold and bought. So, different clients with differing needs but almost without fail a satisfactory deal for all concerned.

While rents continue to provide good incomes for landlords, there are going to be challenges ahead. Tax changes are due in the next financial year, along with the disappearance of mortgage relief between now and the end of the decade. When that happens, average rents almost certainly will increase. Even so, some landlords are considering selling at this stage and those who are would be well advised to enlist with an agency whose credentials and pedigree confirm their expertise when it comes to bringing the right partners together.

Try Aria; you won’t be disappointed.

What Should I Look For When Buying A House?

There is no one size fits all answer to the question ‘What should I look for in a property?’

That is because in reality it depends on three key factors – and each of those varies from person to person.

Those factors and the questions arising from what you are looking for in property are:

(a) Are you intent on buying or renting? And if the answer is the former, are you planning to inhabit the property yourself or sub-let it to others?

(b) Your requirements, of course, will be determined by your particular circumstances. In other words, are you single or do you have a partner? If you do, are there young children, teenagers or young adult offspring in your equation? Or an elderly relative? Your answer here will play a big part in deciding how many rooms and how much actual living space you are going to need. Obviously that affects the buying, selling or rental price.

(c) What can you comfortably afford?
That last question applies in every instance, whether you are buying property for your own use or with a view to letting. It is applicable, too, if you wish to rent property as a tenant, for just as owners have a monthly commitment in the form of mortgage repayments to their lender, so too do tenants have a weekly or monthly outgoing in the form of rental payments to their landlord.
Whether you are buying or renting, a good, conscientious, market-informed, on-the-ball estate agent will be fully aware of like-for-like prices in the locality in question. If he/she isn’t, move on and find one who is. Quickly.
Why? Because your estate agent’s ability to value a property at a viable, realistic price and then market it to the appropriate audience is all-important. This is true whatever the nature of the property, because whether it is a house, flat or apartment, the same basic rules apply. Always.

Essential needs and demands vary. A young, single man or woman will have different requirements to a couple with the stereotypical 2.4 children and a dog. And when you then add in two or three ideal-world extras as to what would make their dream home, the buying/renting/letting scenario changes dramatically once again. People differ, ditto the sort of property they want or need.

So as was said at the outset, there is no one size fits all answer to the question. What you are looking for in a property is not necessarily the same as someone else with similar hopes, expectations or means, whether they are buying or renting.

For those attempting to sell – and in our still-uncertain post-Brexit climate that is likely to be more difficult than before – the role and importance of a time-tested and tried estate agent cannot be over-emphasised. Certainly, as things stand in the wake of the UK’s decision to leave the EU, anyone intent on selling is going to need the help of an expert capable of attracting their property’s true sale value.
Currently no-one is quite sure of how things are likely to pan out in the property market.

What is certain, however, is that nobody at this point is suggesting that house, flat or apartment prices are going to rise in the foreseeable future. Indeed, in some areas – notably London and East Anglia – they have been falling steadily in recent weeks.

According to the Royal Institution of Chartered Surveyors’ (RICS) mid-July survey of UK estate agents and surveyors, there is more pessimism about the state of the property market than at any point since the late 1990s.

In June inquiries from would-be buyers were down for the third month running and there was also a sharp decrease in the number of sales agreed.
Some 36% more respondents to the Rics’ survey reported a drop – the lowest reading since the start of traumatic financial downturn in mid-2008.

It was the third successive month of fewer sales, which is a worrying pattern.
And hand in hand with those glum statistics, the supply of properties coming onto the UK market fell in every region – with the notable exception of Northern Ireland.

That Rics survey concluded: “This is the most negative reading for near-term expectations since 1998.”

For good or ill – and that will depend if you are trying to buy, sell or rent at this juncture – clearly all of these imponderables are going to have an impact on house prices and rental charges.

So if you are aiming to buy, sell or rent, contact Aria for help and information on the state of the market and avail of their expertise.