Debt Management Plans | IVAs | Debt Help
Debt Advice
Debt is an everyday fact of life and almost everyone has some form of unsecured debt these days, be it credit cards, overdrafts or unsecured loans. For some people dealing with debt isn’t an issue, but for an ever increasing number of people it is becoming a major problem. If you are struggling to make your monthly repayments, and are in need of debt advice or some form of debt help programme, then Hamilton Locke can help.
We are one of the leading debt advice providers in the UK specialising in debt management plans and IVA’s. If you need debt help, or for confidential debt advice, call Hamilton Locke free now on 0800 083 4646 or submit your details using the form on this page.
Debt Management
If you are in financial difficulty, and you cannot afford the repayments on your unsecured debts, your problems could be solved with a debt management plan. With a debt management plan we will deal with all of your unsecured debts and negotiate with your creditors to try and reduce your monthly payments and freeze all interest and charges.
You will then make one affordable payment to your debt management plan each month and leave the rest to us. Hamilton Locke are licensed to give debt advice and run debt help programmes, so for more information on debt management plans call free now on 0800 083 4646, or submit your details using the form on this page.
IVA
If your debt is of a particular level we might advise an IVA (Individual Voluntary Arrangement). Through our partners, The Debt People, we are authorised to give IVA help and IVA advice to clients with larger debts. If an IVA is the right solution, and you are eligible, The Debt People can set up and supervise your IVA. With an IVA you will repay all of your unsecured debts, with one affordable payment each month, over an agreed period (usually 5 years). Once you have completed your IVA, your unsecured debts will be written off and you will be debt free.
Debt Management Plan or IVA? – which is right for you? If your finances are out of control and you need debt help now call Hamilton Locke today. We will analyse your finances and recommend the best solution for you. Our debt advice is free and confidential so call free on 0800 083 4646 and we will tell you if a Debt Management Plan or an IVA is right for you.
“May I take this opportunity to thank your company for the recent handling of my IVA”
Three in four parents risk developing debt problems this Christmas
Three quarters of families are at risk of developing debt management problems as research shows they are set to spend more money than they can afford on keeping children entertained over Christmas.
The additional cost of keeping children entertained over the festive season means that more than three in four parents (77 per cent) admit that they will spend more money than they can afford to on their kids, during what is an already expensive time of year.
According to research from online bank, Egg, the average family is set to fork out almost £40 a day on keeping boredom at bay from their children during the Christmas break.
Along with splashing out on toys and presents, parents are most likely to keep children entertained by spending on additional activities such as going to the cinema, going out for lunch or for buying books, comics or DVDs.
This all adds up to an average cost of approx £540 for the two-week British Christmas holiday.
Ivan Cooper, Chairman at debt advice specialists Chiltern, said: “Overstretching financially at this time of year can prove very damaging to finances throughout the rest of the year, as household budgets are squeezed to make repayments.
“With interest rates and additional tax rises expected next year, household finances are already set to be under increasing pressure, so it’s best to avoid potential debt problems by keeping spending in check over Christmas.”
Consumers continue to ease debt management problems
Consumers have continued to repay their debts at a record level throughout October, as they continued to focus on paying down existing debts rather than taking out additional loans.
During October, people managed to repay their unsecured balances – such as overdrafts, personal loans and credit card debts – by £579m, the largest contraction since 1993 [...]
Debt Management worries ease as consumer borrowing falls
Debt Management providers have welcomed the news that consumer borrowing has recorded its biggest fall since Bank of England records began some 16 years ago. There has been a large increase in the number of people struggling with debt problems, and having to seek financial advice to improve their situation.
Consumers have been turning to [...]
Debt management and IVA providers worry as jobless on increase
Unemployment in the UK will continue to rise, Alistair Darling warned yesterday. In a break from normal procedures, where chancellors resist the temptation to predict future jobless figures, the Mr Darling told MPs that “unfortunately it will continue to rise for a while“. The announcement has caused concern amongst IVA and Debt Management [...]
Share prices fall due to Dubai debt problems
Debt problems are nothing new to us in these times, however, there are new concerns in the stock markets across Europe courtesy of Dubai.
Dubai is a country associated with extreme wealth due to oil and hyper-tourism, but in recent times, many of the luxurious properties built by state-owned companies such as Dubai World have struggled [...]
Debt management misery as banks win at Supreme Court
The ongoing saga of reclaiming bank charges, levied on unauthorised overdrafts for poor debt management, has been dealt a cruel blow today in the Supreme Court.
Earlier rulings in favour of the Office of Fair Trading’s investigation into the unfairness of unauthorised overdraft fees, have been overturned by a Supreme Court judgement.
The case at stake, which [...]
Debt advice needed for lower earners
The government should provide more debt advice for lower earners according to a report from a leading charity.
The study, by the Institute of Employment Rights (IER), suggests that people on low wages are currently suffering financially because of the way the complex tax system operates and that they are also suffering most from the economic [...]
2,000 More Jobs to go at Threshers
381 local off-licences operated by Threshers Group will be closed it has been announced. Threshers is owned by First Quench which went into administration on the 29th October this year because of the combination of reduced sales through the credit crunch, but primarily the affect of supermarket giants like ASDA, TESCO and Sainsburys pricing them [...]
Hard-up hardman needs debt advice
Ex footballing hardman, Vinnie Jones alledgedly is in need of some sound debt advice, after it was revealed that his company – Vinnie Jones Enterprises Limited – has been put into liquidation, as a result of unpaid taxes totalling £128,321 going back to 2006.
A team of chartered accountants have been appointed to handle the liquidation [...]
More debt advice needed as repossessions rise by 3%
Debt advice was desperately needed during the third quarter of 2009 as the number of repossessions rose compared to last year, according to figures released by the Council of Mortgage Lenders (CML).
During the three months from July to Septemeber, the number of homes repossessed increased by 3% on last year’s figures during the same period.
The [...]
Debt management worries drive down car usage
Drivers worried about their debt management issues are actively seeking ways to drive more efficiently and lower motoring costs a study has announced today.
According to figures released by the RAC, motorists are cutting back on their driving costs by using their vehicles less, opting for smaller cars and running just one car per family.
These cut [...]
Even super-rich suffering with debt management issues
An incredible image of a pawnbroker wearing six Rolex watches, in front of sports cars and an aeroplane pawned by businessmen with debt management problems has stunned many Daily Mail readers.
The photo on the newspaper’s website, features two Ferraris, a Porsche and a French two-seater Cap 10 stunt plane which illustrates how widespread the recession [...]
Online insolvency speeds up bankruptcy decisions
Decisions on debt management problems looks set to be made quicker, after the government announced proposals to allow bankruptcy declarations online.
If accepted, the suggested changes could mean that decisions on insolvency are made in days rather than weeks.
These proposals were announced to limit the amount of further debt acquired whilst waiting for a decision, after [...]
Debt management of low paid increases homelessness risk
The way how many low paid households handle their debt management is leaving them at an increased risk of homelessness, according to a leading thinktank.
Findings from the Resolution Foundation have shown that around a quarter of the 14.3 million households receiving low pay, are in danger of being sucked into poverty.
The research found that 24% [...]
Debt management problems rise with fuel bills
Britain should prepare for even more debt management problems, as fuel costs look set to go through the roof over coming years.
According to Britain’s energy regulator Ofgem, the crisis with Russian gas supplies will mean prices are likely to increase.
Ofgem boss, Alistair Buchanan, said that over the next few years the Russian crisis with gas [...]