Successful debt management can help get your finances on track and stave off the threat of bankruptcy.

What is Debt Consolidation?

Debt consolidation is the process where you consolidate your existing debts into one manageable monthly repayment.

With debt consolidation, you restructure your current debt problems into one monthly repayment (generally at a reduced rate of interest and spread over a longer period of time). The alternative to debt consolidation is to continue struggling to meet the monthly repayments of multiple debts, constantly creating a bigger problem.


What is Debt Counselling?

Debt counselling is a means of gaining a fresh, expert perspective on your debt problems and receiving invaluable feedback on how best to address your dire financial situation.

Debt counselling involves an objective, knowledgeable and helpful individual - experienced in debt and finance matters - appraising your financial situation and offering feedback on where you stand with regards to cash flow, debt and overall finance.


What is Bankruptcy?

Bankruptcy is brought about when an individual is unable to manage their debt. For a debtor or creditor to apply for a bankruptcy order, the debt must be at least £750 and not be disputed by either party.

The most common way to bring on bankruptcy is to ignore your debt problems. Instead of dealing with debts and creditors, doing nothing to arrest your debt problems will almost inevitably lead to personal bankruptcy.

What is Credit Repair?

Credit repair is the process of rectifying inaccuracies contained within your credit file, thus improving your credit rating and allowing you access to the levels of credit you deserve.