Debt Help in Northern Ireland
If you are struggling under the weight of unmanageable debt, there are a number of solutions out there which could help you get back on a solid financial footing.
When it comes to solving problem debt, there is not a one size fits all solution. There are various options out there, and it is important to gain a thorough understanding of each one before committing to a particular route. This is where the experts at Northern Ireland Debt Solutions are perfectly placed to help.
At Northern Ireland Debt Solutions, we offer three main options – Debt Management Plan, Individual Voluntary Arrangement and Bankruptcy:
Debt Management Plan (DMP)
– All your debts are brought together under one manageable monthly payment. The payments continue until the debt is cleared in full.
Individual Voluntary Arrangement (IVA)
– You will make one single monthly payment for a set time, typically 5 years. After this time, any remaining debt is written off.
Bankruptcy
– This is the most serious debt solution, however, in certain circumstances it does represent the best option. With bankruptcy, all of your debt is written off, however, a record of the bankruptcy will remain on your credit file for six years making it extremely difficult to obtain future credit and could even impact on your job.
With over 25 years’ experience in the personal debt market, there is nothing we have not seen before. No matter how bad you feel your situation is, rest assured there is a solution out there which can help.
Through a free initial consultation, our expert advisers will take the time to understand your financial issues, and recommend a debt solution which best suits your situation. After all, what may be the right option for one person could be the completely wrong choice for others. During this initial consultation we will also help to put your mind at rest by answering any questions you may have.
If you are struggling under mounting financial troubles and ever-increasing debt, the most important piece of advice is to be proactive and tackle the situation head-on. The expert team at Northern Ireland Debt Solutions can help put you on the path towards a debt-free future. From our office in the heart of Belfast, we provide debt help and support to thousands of people all across Northern Ireland each year.
We’re here to help, call our free confidential advice line for expert debt advice.