Debt Advice Dundee
Debt free life is a family-run debt management company which, since 2013, has grown to be one of the biggest insolvency practitioners in the country. We help over 6000 Britons every year to get back control of their finances.
We are actively trying to change the unethical profit-driven way in which the debt management industry works. We are dedicated to treating all of our clients as individuals in an understanding and sympathetic manner. We hire every one of our advisers with this philosophy in mind.
We are well aware of the stress that being in an unmanageable debt situation can cause and we want to make your journey towards your debt free life to be as simple and fast as possible. That is why we have over 25 specialists who are ready to come up with a plan that works for you, and we will support you every step of the way.
Debt Free Life Dundee – What We Do
We can put a stop to creditor harassment, simplify your repayment process, and allow you to write off up to 80% of personal unsecured debt by using official and fully-legislated processes.
Formal debt solutions such as Trust Deeds, IVAs, Sequestration and Bankruptcy, or informal processes like DASs and DMPs, allow us to help hundreds of Dundonians every year to wipe out debt completely and take back control from creditors.
The formal processes we have at our disposal allow us to convert multiple outstanding debts into a single, massively reduced, regular month-to-month payment. You will pay this money to us, as your official insolvency practitioner, and we can distribute it properly between those who you owe money to. In other words, you will only have one bill to take care of, and we will handle the rest.
With over 25 consultants on-hand, we will not only come up with a plan that is entirely tailor-fit for your specific circumstances, but we will also handle all of the tedious and complicated paperwork for you.
Making a full financial recovery from unmanageable debt will never be completely effortless, as you will still have to deliver your monthly repayment, however, apart from this, we want to make sure that you do not have to lift a finger. We just need some basic information from you, so we can get started.
If you do meet all of your commitments and we have done our part, upon the conclusion of our relationship you will be left entirely debt free!
Trust Deed Scotland – By far the most effective, and in turn popular, solution for people in Dundee and Scotland is a Protected Trust Deed. These can bring a complete halt to creditor harassment, stop lenders from adding on any more interest or fees and can allow you to wipe off the vast majority of what you owe.
If you live in Scotland and find yourself having to pay back more than £5000 in unsecured debt to various creditors, then you may be eligible to begin the process. We only need some simple information before we can transfer your various ongoing repayments into a single reduced monthly instalment.
If unmanageable debt is left unaddressed, then you can eventually put your home and car at risk. Trust Deeds allow us to keep them secure, while you simultaneously settle your debts. Without intervention, creditors will eventually take court action against you which can force you to sell your car and home. You may in some cases be forced into involuntary bankruptcy or sequestration; in this case, you will not have any control over your assets and could lose everything.
After you have entered into a Protected Trust Deed, court action against you is illegal. Creditors have no options to get any more money from you and have to accept whatever amount they receive from the monthly instalments.
How much these regular payments will amount to is determined by your income and assets – we will always leave you with enough money to live on from month-to-month. You will make one reduced monthly payment and will not have to struggle any longer to pay several different bills.
Your lenders will also be forced to freeze your current balance after the agreement becomes recognised; they cannot add any interest or other fees to the total. You will only pay off what you owe at the beginning; it will not rise from there.
However, this is often irrelevant. Because the process is fixed-term, when it comes to the end of the repayment process (usually four years), all debt that you still have to pay will be written off entirely. After the completion of the debt solution, your creditors can no longer try and contact you in an effort to get any more of the money they were owed.
If you qualify, Trust Deeds are typically the best option for resolving debt issues. We will not charge you anything to set up the deal. After this, any charges for our insolvency services will be charged to your creditors from the money you contribute every month.
If you live in Scotland and are struggling with over £5000 of unsecured debt, then get in touch as soon as you can so that we can start crafting your plan.
Independent Voluntary Agreements – If you are struggling with over ten thousand pounds in unsecured debt, live in England, Wales, or Northern Ireland, and owe the balance to multiple creditors, then an Independent Voluntary Agreement (IVA) is likely an option available to you.
IVAs are an equivalent to Trust Deeds for the UK outside of Scotland. There is no initial cost for setting it up, although you will need to be able to afford a monthly repayment which satisfies your lenders. After the fixed-term (usually 5-6 years), any debt that remains unpaid will be cancelled altogether.
Again, as soon as the agreement in place creditors are legally prohibited from contacting you. They must go through us instead who can choose what to relay to you. Any legal action against you in an attempt to reclaim the debt is also against the law.
If you are not sure whether or not you qualify, the quickest thing to do is to give us a call. Our team are more than happy to work everything out for you!
Sequestration and Bankruptcy – Many of our clients initially jump at the mention of sequestration or bankruptcy. This is understandable; they can be a scary proposition. However, in many cases, they are an incredibly
efficient way of addressing debt problems and taking back control from creditors. Remember, our specialists will be with you every step of the way to help you negotiate your way through it.
A lot of the people who reach out to us for help have enjoyed incredible results after declaring bankruptcy. Not only will these solutions make it illegal for your creditors to annoy you with phone calls and letters, but you can also wipe out all of your outstanding debt while paying very little. It is also worth noting that if you do not declare bankruptcy voluntarily and are forced into it, things can become a lot worse.
If you need help managing your debt or want to enquire about bankruptcy, then call us today on 0800 808 5124.
Why Choose Us
From our experience in dealing with thousands of people facing unsustainable financial situations, we have developed a service which balances compassion and efficiency. We know that we have to resolve issues as quickly as possible for your sake, but we refuse to do so at the expense of solid customer service.
As soon as you are in contact with our helpful and knowledgeable team, we will take some details from you about your financial situation. We are not here to judge you or criticise you; debt can affect anyone, we are only here to help you join thousands of other Britons in wrestling control back from creditors.
Our consultants will then draft a debt solution that is entirely personal to your specific circumstances. Any other ‘cookie cutter’ method of doing things is not going to work. It is also worth remembering that we will put you under no pressure to act on anything we tell you; you are in charge, and if you do not like what we have to say you can walk away having spent nothing.
We listen. We advise. You decide.
Get in Touch Today
Get in touch now, and we can start working on your bespoke plan straight away. If you are tired of being continuously pestered by creditors, then pick up the phone and dial 0800 808 5124.
If you would prefer we phoned you, take a minute to fill out our debt calculator. That way we can get a good idea of the situation you are in before we chat.
Facing up to debt trouble is never easy, and it might take some time to get everything back to normal. Whatever happens, you can rely on our support, and you can be safe in the knowledge that you have the best people for the job behind you.