Debt Problems?
Struggling with debts? It is an impossible place to be, very hard to recover and potentially a downward spiral to bankrupcy which comes with many personal problems that will make it extremely hard for you to get back on your feet. Being in debt is often caused by people slowly increasing the amount they spend until they are permenantly living in overdrafts and or credit card balances. If you are living every month with clearing your credit card the chances are that at some point this will come back to haunt you and cause serious financial difficulties.
We could help reduce your debts significantly
If you are in significant levels of debt, you have more than £5000 worth of debts and more than 2 creditors we could help you in a number of ways. The first options are Debt management plans and IVA’s which combined with careful management can reduce your monthly payments to creditors significantly. A debt management plan is usually the best option for those who have a small disposable income, once on a debt plan we can also help reduce your total debt by reclaiming any mis-sold PPI that may be attached to the loans and credit cards that are causing you to be in this debt in the first place.
What is PPI?
PPI or Payment Protection Insurance is essentially a form of insurance that covers the loan or credit card that it is bought to cover, PPI has been a very controversial product over the last 6-10 years and because of the unscrupulous methods used to sell the product it is now possible to reclaim all premiums plus interest if you were mis-sold.
Was I mis-sold PPI?
PPI was mis-sold to youo if you can match ANY of the following criteria:
- The bank or lender who sold you the PPI policy failed to tell you that PPI was optional
- At the point in which the policy was taken out your were unemployed, self employed or retired
- The bank or lender added PPI to your account without your consent or knowledge
- The bank or lender did not inform you of the policy exclusions like back related issues and stress
- You suffered from an illness, sickness or difficulty that could stop you from being able to work
