Independent Financial Advice

Debt Management

Simple Solutions to put you back in control of your finances

There are numerous companies offering debt management services, so, how do you choose the right one, and how do you make sure you get the best professional advice?

At BJB Financial Services we have chosen to only offer our clients advice through our associated company ‘Personal Touch Debt Solutions’.
‘Why?’  It’s simple really, Personal Touch Debt Solutions only use ‘Regulated Financial Advisers’ to give you help and support. What that means for you is that you can be assured of professional, ethical and reliable advice.

How can we help you save money?
We offer a debt management service to help you get back in control. One of our debt management specialists will carry out a full financial health check with you and help you make an informed decision regarding which solution is right for you. 

There are two solutions available, ‘Debt Management’ or an ‘Individual Voluntary Arrangement (IVA)’

How do they work?
Debt Management consolidates all your debts into ONE affordable monthly payment without further borrowing allowing you to get out of debt by making repayments you can realistically afford. This involves an informal arrangement between you and your creditors, negotiated by us on your behalf. We will consider all your debts, income and outgoings, and demonstrate to your creditors that you can't afford current repayments. Then you make one lower affordable payment to us, which we distribute to your creditors

An IVA, allows you to avoid the trauma of bankruptcy. For people who owe more than £15,000 to 3 or more creditors, and are employed, then this could be the ideal solution. You may be able to write off upto 75% of your debt and freeze the interest on the rest. This involves a formal and legally binding agreement to pay an affordable payment based on your circumstances which normally runs up to 60 months.

Where do I go from here?
We know that debt can be overwhelming, so, start to take control now. Simply pick up the phone and speak confidentially with one of our friendly advisors.

• Confidential help and advice
• One affordable monthly payment
• Reduce or freeze interest and charges
• Stop demands from creditors

Regain control of your finances