Debt Company Kent

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Debt Company Kent: Debt Help Assistance

Debt Company Kent
Welcome to Debt Company Kent, where we understand the challenges of managing debt. Our tailored debt solutions, including Debt Management Plans, Individual Voluntary Arrangements, Debt Relief Orders, and Bankruptcy, aim to provide you with affordable and sustainable paths to financial stability. We’re here to support you without judgment, so you can explore your options and find the right solution for your circumstances.

Make one affordable monthly payment to us and we’ll manage the payments to your creditors for you.

We deal with your lenders on your behalf, taking care of all the hassle and paperwork.

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How do I get started?

Answer a few quick questions

Use our easy online questionnaire to start the debt help process.

Speak to a debt specialist

Our friendly, experienced team will explain all the available options.

Choose your plan

Select the best solution for your circumstances and lifestyle.

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What debt are you most concerned about?

Credit Cards

Over Drafts

Unsecured Loans

Store Cards

Personal Loans

Utility Bills

Business Debt

Catalogues

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Advantages of a DMP

We will manage the contact with your creditors and provide them everything they need. So, as long as you keep in touch with us, your creditors shouldn’t need to contact you.

You will just make one monthly payment to us, instead of paying all of your creditors individually.

In the vast majority (99.48%) of cases, creditors will stop applying interest and charges, so the money you pay will come straight off the balance.

You will have an online account which you can use to view your account and make changes.

If your circumstances change, we will renegotiate the payments with your creditors.

Disadvantages of a DMP

Your creditors don’t have to agree to the repayment, or to freeze interest and charges.

A debt management plan doesn’t protect you from further recovery or legal action from your creditors.

Your credit rating will be impacted because you’ll be paying reduced amounts to each creditor. If you’ve been missing payments to your debts it is likely that your credit report will already have been impacted.

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Debt Company Kent
Bankruptcy can be a viable debt solution for individuals in the UK facing overwhelming financial challenges. If you’re struggling with unmanageable debts, bankruptcy may provide a fresh start by clearing most of your debts. It’s suitable for those with little or no disposable income, assets, or property to repay creditors. The bankruptcy process involves declaring your inability to repay debts, appointing an official receiver, and potentially making monthly payments for up to three years. While bankruptcy offers relief from debt pressure, it also comes with consequences like affecting your credit score, potentially losing assets, and limiting future borrowing. Remember, seeking professional advice is crucial to understand if bankruptcy is the right choice for your situation.

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Debt Company Kent
Individual Voluntary Arrangements (IVAs) are a structured debt solution designed for individuals in the UK struggling with unmanageable debts. An IVA allows you to make affordable monthly payments towards your debts, with the potential for writing off a portion of what you owe. It’s suitable for those with a regular income but facing difficulties with debt repayments. While an IVA offers a formal agreement to clear debts, it may impact credit ratings and borrowing abilities. Seeking professional debt advice is essential to determine if an IVA is the best way forward.

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Debt Company Kent
Debt Relief Orders (DROs) offer a debt solution for individuals in the UK with low income, minimal assets, and debts they can’t repay. A DRO provides temporary relief by freezing debt repayments for 12 months, after which the debts included may be written off. It’s suitable for those with debts under a certain threshold and minimal assets. While a DRO can offer a fresh start, it also comes with restrictions and may affect credit ratings. Seeking professional advice is key to understanding if a DRO is the right path to financial recovery.

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Debt Company Kent
A Debt Management Plan (DMP) is a practical debt solution tailored for individuals in the UK struggling with multiple debts. It involves negotiating affordable monthly payments with creditors to gradually repay what you owe. DMPs are suitable for those with regular income but facing difficulties managing debt repayments. While a DMP can provide relief by consolidating multiple debts into one affordable payment, it may also take longer to clear debts and affect credit scores. Seeking professional debt advice is essential to explore if a DMP aligns with your financial circumstances and goals.

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How does it work?

Let’s say you owe…

Debt Type	Amount
Bank Loan	£5,366.00
Gas Bills	£129.00
Pay Day Loan	£1,989.00
Overdraft	£1,234.68
Debt Collection Agency	£380.16
Short Term Loan	£243.88
Debt Collection Agency	£471.61
Council Debt	£1,009.24
Credit Card	£8,433.00

Total amount owed

£19,256.57

After an IVA

65%
debt written off

IVA Payments
£110
per month

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Example case completed in 2023. Repayment calculated using income and expenditure data. Monthly payments and write off percentages are based on individual circumstances.

Debt Company Kent in Location offers tailored debt solutions including Debt Management Plans, Individual Voluntary Arrangements, Debt Relief Orders, and Bankruptcy. Find the right debt help assistance for your financial situation.