Debt Reduction Programme
The Debt Reduction Programme works through a 6 stage process, each part of which is designed to enable our advisers to understand your needs and work with you to create a programme that is right for you.
Our stages are:
| Stage 1: | Income maximisation. |
| Stage 2: | The identification of potential claims against the creditors i.e. mis-sold insurance policies and unenforceable agreements. |
| Stage 3: | The preparation of a Financial Statement, including calculation of essential outgoings and advice on reducing expenditure where necessary and appropriate. |
| Stage 4: | The identification of Priority Debts |
| Stage 5: | The identification of Secondary Debts |
| Stage 6: | Create an action plan to clear your debts in the quickest time possible |
You will be assigned a Counsellor, who will discuss the options available to you and oversee your debt plan through to completion.
If you elect to begin the programme, you will enjoy the following benefits:
- Significantly reduced debt levels within the first year
- Interest rates frozen, enabling you to clear your debts in a much quicker time scale
- Elimination of penalty charges
- Knowledge and skills to make better financial decisions
- Access to a legal advice worker, when needed
- One affordable monthly payment
As soon as we receive written authorisation along with your first payment, we’ll contact your creditors to let them know that we’re looking after your finances.
You will not have to deal with creditors yourself and any letters you may receive, you simply forward on to us.
To start your Debt Reduction Programme, follow this link.
0845 845 0140