Debt Rescue
If you find yourself in a situation where your debts seem overwhelming, we may be able to help you find a way to make repaying your debts more manageable.
- We can arrange unsecured loans, secured loans and re-mortgages, even for people with a “sub-prime” (less-than perfect) credit rating.
- We can help negotiate your debts down with your creditors, typically removing as much as 20% from the due balance.
- For cases involving more than £15,000 of unsecured debt, when even paying the interest on a monthly basis can be a near-impossible task, we can help set up Individual Voluntary Arrangements. Under the terms of such an agreement, interest and charges are stopped and the creditors accept regular payments over a 5-year period, writing off the remainder of the debt at the end.
We can help make you debt free now. Free confidential debt advice is available on debt consolidation loans, debt management, bankruptcy and getting an IVA (Individual Voluntary Arrangement) in the UK.
Debt management programmes and debt consolidation loans (not an IVA) may be your first thoughts if you have debt problems. But they might not be the best way to get debt free.
Here at Pankhurst our professional debt advisors will consider all routes to becoming debt free, including debt management, debt consolidation loans, bankruptcy and an IVA. Contact Us for more information.
With an IVA you can write off up to 75% of your debts, keep your debt problems confidential (unlike with bankruptcy) and be debt free in 60 months.
Whatever your debt problem - credit card debt or business debts - a professional debt counsellor will listen and give you free debt advice on debt consolidation loans, debt management, bankruptcy and an IVA.
With an IVA you could legally write off up to 75% of your debts, have the interest frozen and be debt free in 60 months.
A debt consolidation loan is an option. But a debt consolidation loan might not be right for you. You might be able to consolidate debt, even credit card debt, with a re-mortgage. Or perhaps an IVA or even bankruptcy should be considered. Our Debt Counselors will help you decide your best route to becoming debt free
Debt Repayment
If your debt situation is just a hiccup, for example, temporary unemployment, short term reduction in salary, then a debt repayment plan with a debt management company might seem like a good idea.
With a Pankhurst debt repayment plan you consolidate all of your outstanding unsecured debts into one company, with a lower monthly payment.
Before considering any debt repayment solution, please speak to a professional debt counsellor such as ourselves about the alternatives. Contact Us for more information.