Thursday 29 January 2009

Credit Card and Loan Write Off

Everybody knows and accepts that we are in the depths of a recession that may even become a depression. Whilst it may be difficult to see what that means on a global scale, each of us is accutely aware of how this down turn has effected us.
The ability to obtain or extend credit has now almost disappeared. Couple with this the practice of the credit card companies, who realise that they have a tied in borrower base,to raise the interest on monies lent and you have an explosive cocktail leading the debt repayment failure.
The cycle is easy to see, you have maxed out your credit, you cannot get more credit, you need credit just to get through the month and help satisfy your monthly minimums on your borrowings, the credit card company raises it's interest charge, meaning you have to pay more, you cannot afford what you already owe, you default, they add charges, you fall further into arrears, the cycle is never ending. What can you do.
Solutions are available and I offer them all. We can help with debt management, we can propose an IVA, we can walk you through bankruptcy. We can write off your credit cards.
The latter is my favoured option at present as it can be done without harming a credit rating for those to whom this is important. For those who have credit rating issues, it can be taken alongside a debt management plan.
The procedure is simple and cost effcetive to begin.
For more information follow the links and call for a free sign up pack and FAQ sheet.
Steve Thatcher
www.helpwithdebtuk.com

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